Annapolis Tax Attorney
IRS attorney handling complex tax cases including IRS audits, IRS litigation, criminal tax defense and Foreign Account Tax Compliance Act (FATCA) matters.
STRUGGLING WITH FATCA ISSUES? An Annapolis Tax Attorney CAN HELP
The dreaded Foreign Accounts Tax Compliance Act (FATCA) letter – it is not something anyone looks forward to receiving. However, due to heightened legislation that seeks to reduce offshore tax evasion and fraud, you may have already received a FATCA letter. If this is the case, you may feel overwhelmed with the process and unsure of where to turn. We’re here to set your mind at ease.
Our team of attorneys has experience with navigating the FATCA requirements. Since the FATCA law went into effect on July 1, 2014, we have assisted over 500 clients, and we’re ready to help you. The complexities of this area of law are enough to make even the most legally astute individuals require a little extra guidance. Put your IRS matters in our hands, and we’ll provide you with legal counsel you can trust every step of the way.
HELPING ANNAPOLIS RESIDENTS WITH FOREIGN BANK ACCOUNTS COME INTO COMPLIANCE WITH IRS REGULATIONS
The FATCA requires taxpayers who hold foreign financial assets with an aggregate value exceeding $50,000 to disclose those assets on Form 8938. If you are a U.S. Citizen, legal permanent resident, foreign national, long-term green card holder or expatriate, you are required to file, according to FATCA regulations.
Failure to properly report your financial assets could result in a $10,000 penalty. Additionally, any underpayments associated with the non-disclosed assets will be subject to a 40% penalty. Should the IRS believe that your failure to properly disclose your assets was by choice, they could launch a criminal investigation, which can result in seizures and prison time. This is a very real possibility and one not to be taken lightly, which is a key reason why you should consult with an Annapolis tax attorney as quickly as possible.
A LOCATION WITH PURPOSE
Our respected tax law firm is located in the heart of the nation’s capital. This is due to Managing Partner Kevin E. Thorn’s belief in the necessity of being close to the country’s major tax offices and courts. Our location offers every member of our team the opportunity to maintain professional ties with the individuals managing the tax law process. This allows us to give our clients the most insightful and comprehensive services available. For your convenience, we also have offices in Maryland, Virginia and New Jersey.
READY TO ASSIST YOU WITH ALL YOUR TAX LAW NEEDS
We are prepared to help you handle FATCA issues, and much more. Turn to Thorn Law Group for assistance with matters pertaining to:
- 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 Actions
- IRS Office of Professional Responsibility
- 2016 Updates to IRS Amnesty Program
Annapolis is the capital of the state of Maryland. The city is located along the Chesapeake Bay in Anne Arundel County, just 30 miles east of Washington, DC. Today, Annapolis is home to the United States Naval Academy.
Named for: Princess Anne of Denmark and Norway
- Total: 8.10 sq mi (20.98 km2)
- Land: 7.18 sq mi (18.60km2)
- Water: 0.92 sq mi (2.38km2)
- 2010: 38,394
- Density: 5,347.4/sq mi (2,064.6/km2)
DO NOT FACE FATCA ISSUES ALONE; CALL AN ANNAPOLIS TAX ATTORNEY NOW
Before you jump into the FATCA disclosure process, you may have a few questions. If so, it is best to discuss those with a trusted attorney to ensure your rights will not be compromised. We are ready to help you at every step of the process. Call an Annapolis tax attorney from our firm at (240) 235-5096 to schedule a consultation or complete our contact form online.