The lawyers at Thorn Law Group have extensive experience advising and representing individuals and businesses dealing with complex and sophisticated international tax law issues. We have built a strong reputation nationally and around the globe for our ability to resolve high stakes international disputes on behalf of individual taxpayers, corporations, banks, trusts and other institutions operating in countries worldwide. Our legal team is well-versed in representing clients in the Maryland area and around the globe in a diverse range of international tax law matters, including:
- Anti-Money Laundering
- Foreign Corrupt Practice Act (FCPA)
- International Banking Law
- Foreign Account Tax Compliance Act (FATCA)
- International Disputes
- Offshore Voluntary Disclosure Programs
TAX COUNSEL FOR COMPLEX INTERNATIONAL DISPUTES
Our tax lawyers have in-depth understanding of the complex challenges companies face when transacting business overseas. These companies are not only subject to U.S. tax laws, they must also comply with the rules and regulations of the local taxing authorities in the jurisdictions where they are conducting business. While some nations have executed tax treaties with the U.S. that effectively enable companies to avoid “double taxation,” many countries have not. As more companies establish and expand their international connections, the problem of double taxation for businesses is likely to increase. Additionally, with increased collaboration and information-sharing between the U.S. government and governments worldwide, enforcement efforts have been stepped up in many areas, including offshore bank account reporting, anti-money laundering and Foreign Corrupt Practices Act (FCPA) violations.
The Internal Revenue Service has taken aggressive steps to identify and combat tax fraud and tax evasion arising out of offshore activities and foreign bank accounts. The IRS is actively investigating and prosecuting U.S. taxpayers who use offshore accounts and business entities to avoid and evade their tax obligations. In an effort to better uncover and crack down on undisclosed offshore accounts and other abusive and misleading activities, the IRS and the Department of Justice have joined forces and expanded cross-border information sharing with foreign governments and financial institutions across the globe. These efforts have led to stricter scrutiny and penalties for taxpayers who fail to file their required Foreign Bank and Financial Account Reports (FBARs) and report their offshore accounts and assets.
CONTACT OUR INTERNATIONAL TAX LAW TEAM
The tax law team at Thorn Law Group is committed to working with clients to resolve serious tax issues arising out of foreign bank accounts and other offshore activities. We are an experienced team of tax law attorneys who are aware of the protections, defenses and options available to help clients obtain an optimal result. We combine our extensive understanding of the tax laws and IRS operations to craft strategies that bring our clients into tax reporting compliance as quickly as possible.
If you have questions about an international tax matter or you are seeking advice in connection with an undisclosed offshore or foreign bank account, a international tax attorney in our Maryland satellite office can help. Contact Kevin E. Thorn, Managing Partner of the Thorn Law Group, at (240) 235-5096 or firstname.lastname@example.org for a confidential consultation.