U.S. government agencies and European banks are currently working on an agreement, known as the Global Resolution, to put an end to U.S. tax evasion. Thorn believes the agreement will lead the way to the release of further U.S. taxpayers’ names to the U.S. government, which will continue the on-going criminal investigations.

Kevin E. Thorn, of Thorn Law Group, encourages U.S. taxpayers with undisclosed offshore accounts to come forward through the IRS Voluntary Disclosure Program of 2011.

Kevin E. Thorn, of Thorn Law Group, encourages U.S. taxpayers with undisclosed offshore accounts to come forward through the IRS Voluntary Disclosure Program of 2011.

Kevin E. Thorn believes that recent indictments by the Department of Justice has encouraged other U.S. taxpayers with undisclosed offshore accounts, especially those with HSBC, to come forward through the 2011 OVDI Program.

HSBC Offshore Account Holder recently pled guilty to false filing claims and agreed to pay a 50% penalty on her undisclosed account, valued at $8.3 million. Kevin E. Thorn believes that these recent indictments by the Department of Justice should encourage other U.S. taxpayers with undisclosed offshore accounts to come forward before the government opens an investigation into them.