IRS Voluntary Disclosure


At Thorn Law Group we concentrate on helping clients resolve complex national and international tax law disputes. We understand that tax controversies often involve highly sensitive matters and we are committed to working with our clients to settle their problems as quickly and discreetly as possible.

Our legal team is comprised of an experienced group of tax attorneys dedicated to achieving positive results for clients in New Jersey, New York, Connecticut and the Philadelphia area, throughout the United States and around world. We have 30 plus years of collective experience representing individuals, professional athletes, large and small businesses, banks, trusts and other organizations in sophisticated civil and criminal tax cases and litigation.

The attorneys at Thorn Law Group are uniquely qualified to counsel businesses and individuals dealing with complicated tax matters associated with their offshore accounts and assets. Members of our legal team have served as former government attorneys with the IRS and the United States Tax Court. These experiences, combined with our years of tax law practice, have given our firm a unique insight into how the government investigates and prosecutes all types of tax law cases, including controversies involving undisclosed foreign accounts.

The New Jersey IRS voluntary disclosure attorneys at Thorn Law Group have an extensive understanding of the strict IRS reporting requirements governing offshore accounts and assets held by U.S. taxpayers. Our firm has represented hundreds of individuals, businesses, trusts and other organizations throughout the New York/New Jersey region and across the United States dealing with previously undisclosed offshore accounts.

We are highly familiar with the IRS Offshore Voluntary Disclosure Program and are well-positioned to advise and assist clients seeking to make a voluntary disclosure through this federal amnesty initiative.


Due to the high interest and demand in its earlier offshore voluntary disclosure programs, the IRS announced that it would re-establish its voluntary disclosure program for undisclosed offshore financial accounts and assets in January 2012.

The government’s objective in reopening this program is to combat offshore tax evasion and bring taxpayers with undisclosed offshore assets or income into compliance with U.S. tax laws. In order to achieve this goal, the program offers certain incentives to encourage taxpayers to voluntarily come forward to report their previously undisclosed foreign accounts and assets. These incentives include the potential of reduced fines and penalties as well as avoiding possible government prosecution.

While the 2012 Offshore Voluntary Disclosure Program differs from the earlier 2009 and 2011 IRS amnesty programs in that it does not have a set deadline for participation, our firm is cautioning clients not to delay in discussing their offshore accounts and assets with an experienced New Jersey IRS voluntary disclosure attorney. The IRS can elect to change the terms and conditions of the 2012 amnesty program at any time or terminate the program completely. Individuals and businesses who fail to take advantage of this program now may risk being closed out of the program in the future.


While the IRS Offshore Voluntary Disclosure Program can provide certain benefits to taxpayers making a voluntary disclosure of undisclosed foreign assets and accounts, taxpayers need to make certain they fully understand all of the requirements and obligations associated with the program before they elect to make a disclosure to the IRS.

The legal team at Thorn Law Group is well versed in the procedures, conditions and caveats associated with the 2012 Voluntary Disclosure Program. We know that making a voluntary disclosure to the IRS can be a very complex process and our attorneys are well-prepared to counsel and navigate clients through each step of the program.

To learn more about the IRS Offshore Voluntary Disclosure Program please see the topics below or contact Kevin E. Thorn, Managing Partner, to discuss your situation with an experienced New Jersey IRS voluntary disclosure attorney.

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