Kevin E. Thorn, Managing Partner of Thorn Law Group, discusses the new IRS streamlined filing procedures that have been expanded and modified to include more U.S. taxpayers with undisclosed foreign bank accounts.

Kevin E. Thorn, Managing Partner of Thorn Law Group discusses the looming 50% IRS penalty for not disclosing hidden foreign bank accounts prior to August 4, 2014, and the effect that this 50% penalty may have on U.S. Taxpayer with undisclosed foreign bank accounts.

Kevin E. Thorn, Managing Partner of Thorn Law Group, discusses the new 2014 IRS Amnesty Program and the impact that the new requirements may have on U.S. taxpayers who have undisclosed overseas accounts.

Kevin E. Thorn, Managing Partner of Thorn Law Group discusses the recent penalty on an 87- year-old Florida man for not filing his FBARs on time and the effect that this 150% penalty may have on the U.S. taxpayer who still may have undisclosed offshore accounts at foreign banks.

Kevin E. Thorn, Managing Partner of the Thorn Law Group, discusses the current plea agreement between Credit Suisse and the Department of Justice (DOJ) as well as the effect that this settlement may have on the rest of the foreign banking community and U.S. Taxpayers who still may have undisclosed offshore accounts at foreign banks.