Kevin E. Thorn, Managing Partner of Thorn Law Group, successfully defended a couple with over 35 undisclosed foreign accounts in front of IRS Appeals.
Kevin E. Thorn, Managing Partner of Thorn Law Group, successfully defended a couple with over 35 undisclosed foreign accounts in front of IRS Appeals. The couple had undisclosed offshore accounts and assets located throughout the Middle East, Africa and Europe, in countries including Bahrain, Liberia, France, Iran, and the United Kingdom. The couple also had several overseas companies. Initially, the United States Government declared the couple’s nondisclosure as willful and that the resultant penalty should be upwards of $1.8 million. Mr. Thorn effectively argued on behalf of these clients before IRS Appeals. The couple was subsequently declared non-willful, reducing their penalty by $1.2 million.
