Italian Athlete and Coach Come to Thorn Law Group for Assistance with IRS Voluntary Disclosures
Mr. Thorn assisted an Italian athlete and coach with their complicated international tax affairs. These individuals had undisclosed offshore bank accounts throughout Europe and in the Islands. Mr. Thorn and Thorn Law Group guided the individual through the complicated process of coming into tax compliance through the IRS Voluntary Disclosure Program. Through their participation in OVDP, the Italian athlete and coach were successfully able to disclose all foreign assets to the Internal Revenue Service (“IRS”) through a voluntary disclosure. Managing partner Kevin E. Thorn has helped the athlete and his coach stay in compliance since, in turn helping them to avoid charges of fraud, severe penalties, and criminal prosecution.
