Carroll County Tax Attorney
Helping Carroll County Residents Resolve Offshore Bank Account Issues
For many, having an offshore bank account can be both a blessing and a curse. In recent years, the IRS has increased crackdowns on offshore tax evasion. The IRS’ Foreign Bank and Financial Accounts Program (FBAR) requires U.S. citizens to disclose the existence of accounts if the aggregate value exceeds $10,000 at any time during the calendar year. Failure to file the FBAR form can result in serious civil and criminal penalties, such as fines, probation and prison sentences.
We understand how intimidating this may sound; that’s why we’re here to help. Every Carroll County tax attorney at our firm is equipped with the necessary knowledge and experience to help clients achieve success and minimize consequences. This means that when you work with us, you can rest assured that your case is in good hands.
Voluntary Disclosure Made Easy WITH THE HELP OF A CARROLL COUNTY TAX ATTORNEY
It can be an extremely nerve-wracking situation for taxpayers when they are faced with a potential legal issue involving an offshore bank account. While there is nothing wrong with having assets overseas, many taxpayers in the United States are unsure of how to correctly declare their accounts in order to avoid criminal penalties.
Regardless of whether you are an individual or company, if you are seeking representation with offshore account disclosure in Carroll County, our legal professionals are available to assist. We’ll guide you through each step of the Voluntary Disclosure Program and help you move forward, without the weight of criminal tax penalties looming over your head.
HOW OUR PROXIMity to the capital helps clients
When navigating offshore bank account issues, there is no better place for a law firm to be than at the heart of the nation’s capital. Our Washington, DC offices allow us to stay up to date on the latest rulings involving offshore bank accounts, while maintaining connections with the individuals managing the tax law process. Due to our close proximity to the nation’s major tax law offices and courts, our team is well prepared to guide clients through the many twists and turns that may arise with foreign bank account reporting.
TAX Experience You Can Trust
For more than 20 years, Thorn Law Group has been representing clients with an array of tax law issues. We are glad to guide our Carroll County clients through the following kinds of cases, whether at home or abroad:
- 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
About Carroll County
Carroll County has historically been known for its rural demographic. However, in recent years, the county has become increasingly suburban. Below are some interesting facts about the area:
Founded: January 19, 1837
Named for: Charles Carroll of Carrolton
Largest Community: Eldersburg
- Total: 453 sq mi (1,173 km2)
- Land: 448 sq mi (1,160 km2)
- Water: 5.1 sq mi (13 km2)
- 2015: 167,627
- Density: 370/sq mi (143/km2)
SCHEDULE Your Confidential Consultation TODAY
When you make the choice to disclose your offshore bank account information, it is important that you have a legal professional by your side who can help you through each step of the process and ensure you are in full compliance with IRS laws. With a trusted Carroll County tax attorney from our firm on your case, you’ll have nothing to fear. If you are in need of legal expertise regarding foreign bank account and asset reporting, please contact us by calling (240) 235-5096 or submitting a request online.