Unitedcasting

Washington, DC (PRWEB) November 06, 2012

Foreign banks are providing more information to the U.S. Government regarding U.S. taxpayers who have undisclosed offshore accounts. Kathryn Keneally, an attorney for the U.S. Justice Department states, Our investigations are continuing, they are expandingit is a big world, but we are looking throughout the world and are investigating beyond where you have seen us in the past. She continues, [W]e are every day developing information and getting account holder information from unpublicized sources. Failure to come into the 2012 IRS Voluntary Disclosure Program is getting increasingly dangerous and in the future, notification of disclosure of account information by private banks will not be the norm.”

Kevin. E. Thorn, Managing Partner of Thorn Law Group, a law firm that represents many taxpayers throughout the country and around the globe with undisclosed offshore accounts, and has hundreds of clients currently participating in the 2009, 2011 and now the 2012 IRS Amnesty Program, states, The rules have changed and U.S. taxpayers with undisclosed offshore accounts may or may not receive a letter from a foreign bank that their account is going to be closed and advising them to enter into the IRSs 2012 Amnesty Program.” Mr. Thorn continues, The IRS and the DOJ are obtaining information from undisclosed sources and the IRSs top priority is to bring U.S. taxpayers with undisclosed offshore accounts into compliance. Therefore, U.S. taxpayers with undisclosed offshore accounts should come forward now before they face a potential criminal investigation.”

United States Taxpayers with undisclosed offshore accounts should come forward now through the IRSs 2012 Offshore Voluntary Disclosure Initiative before the U.S. Government brings either civil audits and/or criminal charges against them that can result in significant financial penalties and the possibility of incarceration.

For additional information on the news that is the subject of this release, contact Kevin E. Thorn, Managing Partner of Thorn Law Group at 202-270-7273 or visit us at http://www.thorntaxlaw.com/.

About Thorn Law Group, PLLC: Thorn Law Group, PLLC is a law firm dedicated to helping clients resolve complicated tax, criminal tax, and international tax problems.

Contact:

Kevin E. Thorn

Managing Partner

Thorn Law Group, PLLC

202-270-7273

http://www.thorntaxlaw.com/

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If you have undeclared funds in foreign bank accounts, you need to act now. If you missed the October 15th tax amnesty deadline for voluntary disclosure, there is a heightened need to get expert tax help as soon as possible from an FBAR tax attorney or FBAR tax resolution specialist who can help you seek IRS penalty abatement to reduce the impact of back taxes and severe criminal implications.

More than 14,700 Americans with secret offshore accounts took the IRS up on thier offer of tax amnesty for voluntary disclosure before October 15th so they wouldn’t face criminal prosecution if they paid FBAR back taxes, interest and reduced civil penalties. According to the IRS, the FBAR amnesty program generated “billions of dollars” in new revenue from back taxes.

Even though you may have blown your one official shot for offshore account governmental leniency, there’s still hope to reduce FBAR penalties if you get expert tax help to get started on your voluntary disclosure and FBAR complaince before the IRS comes knocking on your door.

The IRS has found that the back tax money in offshore accounts is gigantic. The IRS expects to get another .5 billion in back taxes over the next few years from offshore bank account holders just like you. And that is just the tip of the iceberg. The IRS is eying over 0 billion in unpaid FBAR back taxes stashed in offshore accounts. In offshore accounts, the IRS has found a new money tree and they will never ever stop shaking for every penny of back taxes.

Based on the billion dollar success of the offshore account FBAR amnesty program, the IRS has staffed up to find those offshore account holders who didn’t take the opportunity to avoid jail time. The IRS has just hired 800 personnel in the United States and bulked up their offices overseas solely for the purpose of tracking down offshore account holders.

Now that the FBAR amnesty deadline has passed, the only way to avoid the wrath of the IRS’s intensified federal crackdown on offshore accounts is contacting a FBAR tax attorney or tax resolution specialist who can mount an offshore tax evasion defense by drafting a voluntary disclosure agreement.  Retaining effective offshore tax evasion defense means that your FBAR tax attorney, tax resolution specialist or CPA will take over all communications with the IRS, making the required disclosures, filing FBAR reports and amending tax returns typically for 2003 thru 2008.

Prosecutions of offshore account holders in UBS tax cases are making headlines across the world while sending the message that the IRS will not tolerate offshore tax evasion. Due to the severity of the financial penalties and criminal implications, it is not in the account holder’s best interest to wait for the IRS to approach them.

Here are the first steps to take:

Get together all your offshore accounts.  Break them down by country.  Some offshore account countries have already opened up all their offshore account books to the IRS, others are in the process of doing so. Those safe offshore account tax havens are an endangered species on the verge of extinction. Don’t join them. Contact a FBAR tax attorney or tax resolution specialist – make sure you retain a pprofessional with a proven track record of successfully handling offshore tax evasion cases. Explain your situation in full detail including who told you to set up these offshore accounts and include any documentation from your offshore account financial advisors. You will want to need to show that you were not willfully failing to declare foreign income.

Finally, don’t give up hope. Even if you missed the Oct 15th deadline for voluntary disclosure of offshore accounts, a good FBAR tax attorney can give you the tax help you need by reducing fines and criminal sanctions. But you need an experienced offshore tax evasion expert to give you tax help, not just any tax attorney or CPA, but someone who can help your survive the dangerous waters of international tax law. Battling the IRS on offshore tax evasion charges requires the highest level of tax law legerdemain. You need to act now. The IRS probably already has your number.

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Source 44 Selected by the Carbon Disclosure Project as U.S. Consultancy Partner

Solana Beach, CA and London, England (PRWEB) December 14, 2010

Source 44 LLC, the world’s leading provider of Supply Chain Sustainability data services and Product Footprint Data Sheets (PFDS)™, has been selected by the Carbon Disclosure Project (CDP) as one of only five U.S. consultancy partners to the world’s leading climate change organization. CDP consultancy partners demonstrate a commitment to working with CDP to encourage high quality disclosure of climate change related data from global corporations.

CDP was launched in 2000 and is the global leader for carbon disclosure methodology and process, providing relevant information at the heart of business, policy and investment decisions. The organization furthers this mission by harnessing the collective power of corporations, investors and political leaders to accelerate unified action on climate change. More than 3,000 companies in over 60 countries now measure and disclose their greenhouse gas emissions and climate change strategies through CDP – including 82% of the Global 500 companies — allowing them to set reduction targets and make performance improvements.

“Source 44 has quickly filled a huge gap in the marketplace by providing affordable, cutting edge product footprinting services,” said Jess Kraus, Source 44 President and CEO. “It’s incredibly rewarding to be recognized by CDP for our work. We’re honored to officially partner with CDP, the recognized world leader, and look forward to leveraging this partnership on behalf of our clients.

“This partnership is the culmination of nearly a year of strategic discussions between Source 44 and CDP leadership teams – in London, New York and San Diego,” Kraus said. “It’s great to see that those discussions have now yielded tangible benefits for both of our organizations.”

Joanna Lee, Chief Partnerships Officer of the Carbon Disclosure Project, echoed Kraus’s enthusiasm. “CDP is delighted to add Source 44 as a silver consultancy partner,” Lee said. “They deliver a practical product footprinting solution to the world’s leading retailers and their suppliers. The Source 44 platform uncovers embedded carbon in their clients’ products and displays that information in a meaningful and measurable manner, facilitating decisions that can drive down both carbon and cost.”

According to Mike Fraser, Executive Vice President and Chief Development Officer for Source 44, the company has also been able to deliver meaningful cost savings to their customers while helping to clearly identify carbon, water and waste reduction targets within their supply chain.

“One of the most rewarding outcomes of our work – which focuses on the supply chains of some of the world’s leading companies – has been our ability to uncover tangible cost-reduction opportunities while footprinting these products,” Fraser said. “In doing so we’ve helped establish Sustainability as a top priority for our clients, demonstrating that the ‘greening of products’ can most definitely be green to the customer’s bottom line. We’re pleased that CDP has recognized Source 44’s contribution.”

About Source 44 LLC

Source 44 discovers the origins of their clients’ products – their Sustainability DNA (sDNA™) – and transforms these findings into innovative supply chain savings. They compile and store this information in their proprietary database of Footprint Data Sheets®, which their clients access through Source 44’s hosted online subscription service. Source 44 also partners with their clients to help prioritize their energy, water, carbon and waste reduction initiatives, helping to ensure they meet sustainability targets while eliminating unnecessary costs and identifying new revenue-generating opportunities. Source 44 derives its name from the molecular weight of carbon dioxide – 44 – the measuring stick of Greenhouse Gases. Source 44 is based in Solana Beach, CA, with offices in San Diego and Dallas

About Carbon Disclosure Project

CDP is an independent not-for-profit organization holding the largest database of primary corporate climate change information in the world. Thousands of organizations from across the world’s major economies measure and disclose their greenhouse gas emissions and climate change strategies through CDP. The organization represents some 534 institutional investors, ranging from pension funds like APG Investments and CalSTRS to insurance companies like Allianz, Axa and Swiss Re to mainstream blue chip asset managers such as Barclays, Bank of America, Goldman Sachs, Mitsubishi UFJ and Morgan Stanley, with combined assets under management in excess of $ 64 trillion. CDP also works with some 60 purchasing organizations such as Walmart, Cadbury, Dell and PepsiCo and with local and national governments to facilitate the collection of climate change data from their supply chains. CDP’s work has has been applauded by Bill Clinton (former US President), Al Gore (former US Vice President), Jeff Immelt (CEO, General Electric), Rupert Murdoch (Chairman, News Corporation), Angela Merkel (German Chancellor) and Tony Blair (former UK Prime Minister).

For More Information

Source 44 LLC

Lauren Gambaccini, Marketing Communications Manager

Email: marketing(at)source-44(dot)com

Phone: 877. 916. MFDS (6337)

Carbon Disclosure Project

Lisa Lee, Director of Communications

Email: Lisa.Lee(at)cdproject(dot)net

Phone: +44 (0) 7554 430 962 or +44 (0) 20 7415 7196

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