Potomac Tax Attorney
We are former IRS lawyers assisting individuals and businesses in Potomac, across Maryland, DC, the United States and globally with IRS audits, IRS litigation, offshore bank account reporting, criminal investigations and collections.
HELPING POTOMAC RESIDENTS MANAGE OFFSHORE ACCOUNT ISSUES
Managing and disclosing your offshore bank account information should not be a chore. However, the IRS has recently stepped up its efforts to crack down on offshore tax evasion. As a result, the pressure is on for you to properly disclose your assets – and we are here to help. With an extensive understanding of the way in which the U.S. government monitors and investigates offshore accounts, each Potomac tax attorney at our firm will work with you to proactively resolve potential legal concerns and meet Foreign Accounts Tax Compliance Act (FATCA) requirements.
If disclosure issues are not properly resolved, foreign bank account holders may end up penalized or even criminally prosecuted. With clients across the nation and across the world, our team has a deep understanding of what is at stake when you are notified of an investigation involving your account and we work diligently to resolve compliance matters as quickly and smoothly as possible. Our successful track record speaks for itself, as evidenced by our satisfied clients:
“The attorneys at Thorn Law Group were so knowledgeable about the way the IRS Criminal Investigation Division works. They helped put our minds at ease and walked each of us through the whole Voluntary Disclosure process. With the help of Thorn Law Group, we were able to get back into compliance and were able to avoid criminal prosecution.” — Former Client
ABOUT VOLUNTARY DISCLOSURE
The IRS introduced the Offshore Voluntary Disclosure Program in 2009. The aim of the program was to reduce the civil monetary penalties for taxpayers coming forward with unreported offshore accounts. They ensured taxpayers that they would not face Foreign Bank Account Reporting (FBAR) criminal penalties, and were so successful that the IRS created a new Offshore Account Amnesty Program in 2012.
Since then, our team has gained invaluable experience, guiding clients through the voluntary disclosure process. Due to the strict requirements involved, it is important that you trust your case to a tax attorney who fully understand the process, which typically involves paying penalties, back taxes and interest on the offshore account.
POTOMAC RESIDENTS HAVE AN ADVANTAGE
Our offices, located in Washington, DC are just a short drive from Potomac, Maryland. This means clients are only a stone’s throw away from world-class legal representation. This location allows each member of our tax law team to remain intimately connected to the inner workings of the nation’s tax law offices and courts. This means we have a better understanding of the legal landscape, which translates to more comprehensive services for each of our clients.
ADDITIONAL AREAS OF REPRESENTATION
If you are seeking additional tax advice or assistance with litigation, turn to our firm for help. Our Potomac tax attorneys are proficient in handling cases related to the following areas:
- Business Tax Law
- Criminal Tax Law
- Offshore Bank Accounts
- International Tax
- IRS Audits & Litigation
- IRS Voluntary Disclosures
- Trusts /Estates
- Wealth & Estate Planning
- FATCA Tax Law
- IRS Health Care
- Whistleblower Office
- IRS Office of Professional Responsibility
- 2016 Updates to IRS Amnesty Program
Located in Montgomery County, Maryland, Potomac has been recognized as the most affluent town in the U.S., based on a median household income that comes in at more than $240,000. The city also ranked 7th on Forbes’ “Top-Educated American Small Towns” list and is the home of the 29th richest zip code in the country. Potomac residents typically work in Washington, DC, giving them convenient access to our firm’s main headquarters.
Named for: The Potomac River
- Total: 26.6 sq mi (68.8 km2)
- Land: 25.2 sq mi (65.2 km2)
- Water: 1.4 sq mi (3.6 km2)
- 2010: 44,965
- Density: 1,784.33/sq mi (653.56/km2)
A POTOMAC TAX ATTORNEY CAN MAKE THE VOLUNTARY DISCLOSURE PROCESS EASY FOR YOU
There are countless twists and turns along the road to complying with the government’s tax regulations. It can be overwhelming at first, and you may wonder what you have gotten yourself into. When that happens, a Potomac tax attorney from our team is here to help. Feel free to schedule a consultation with us by calling (240) 235-5096 or completing our online contact form.