Thursday, December 8, 2016

IRS announces slew of Foreign Individual Facilitators...like, actual people

IRS announces slew of Foreign Individual Facilitators...like, actual people
http://ift.tt/1RfwK1f The IRS list of Foreign Financial Institutions or Facilitators, or as we refer to it, "the Bad Boy list" has not been updated until recently. And until recently all of the names on the Bad Boy list weren't people, but entities. On November 15, 2016 that all changed as the IRS added a large amount of individuals (along with a few more entities) to the list. The 47 new names added to the list consist of 40 individuals and 7 entities, bringing the new grand total to 144. The list can be found here: http://ift.tt/2apJDIu In this video, we talk about the consequences of what this means. We also discuss the different programs, options, and penalties associated with each. The mere fact that someone you dealt with is on this the list does not automatically mean you must enter into the OVDP and pay the 50% penalty. If you have not made a disclosure yet and you recognize an individual below it is essential you understand your outcome is highly dependent on implementing the best legal strategy. We recommend you contact us for a first or second opinion. IRSMedic, the Law Offices of Parent & Parent, LLP 888-727-8796 info@irsmedic.com More about our services and fees here: http://ift.tt/1TUcrWR http://youtu.be/sneTBGC_9cw IRS Medic

Wednesday, December 7, 2016

The consequences of being an "Accidental American" with special guest Keith Redmond

The consequences of being an "Accidental American" with special guest Keith Redmond
http://ift.tt/2h70D9d http://ift.tt/1RfwK1f In this video Anthony and Claudine talk with Keith Redmond about Accidental Americans, and the tax consequences associated with being an Accidental American. Keith Redmond does extensive work globally in addressing the serious problems affecting personally and professionally the 9 million Americans overseas and associated populations by addressing the untenable taxation issues like the US practice of Citizenship Based Taxation, FATCA, the enforcement tool of Citizenship Based Taxation and its tax treaties, FAST ACT US Passport Revocation, US nationality laws as it affects Accidental Americans. Keith said it best: “The Accidental American does NOT have a US tax compliance problem; they have a US citizenship problem.” We discuss the definition of “Accidental American”, what issues they may encounter, and what options they have as they move forward. Keith will be testifying in front on the new Congress in January of 2017 as he continues his work to bring these issues and more to light. IRSMedic, the Law offices of Parent & Parent, LLP info@irsmedic.com 888-727-8796 http://youtu.be/v_PA_to9Dfo IRS Medic

Monday, November 28, 2016

Our special guest, Keith Redmond on the harm of FATCA and universal tax jurisdiction

Our special guest, Keith Redmond on the harm of FATCA and universal tax jurisdiction
LEAVE A COMMENT FOR THE TOPIC YOU WOULD LIKE US TO DISCUSS NEXT http://ift.tt/1RfwK1f In this video Anthony and Claudine talk with Keith Redmond and his efforts along with some others to repeal the terrible terrible law known as the Foreign Account Tax Compliance Act, or FATCA. a Keith is fighting for the rights of Americans overseas and the associated affected populations and will be terrifying in front on the new Congress in January of 2016. Keith Redmond is currently: - International Senior Consultant at Leadership Across Borders - Worked in the life sciences industry globally for 20 plus years doing communications, advocacy, and government relations work. - Founding Member Cercle K2, an international think tank Keith does extensive work globally in addressing the serious problems affecting personally and professionally the 9 million Americans overseas and associated populations by addressing the untenable taxation issues like the US practice of Citizenship Based Taxation, FATCA, the enforcement tool of Citizenship Based Taxation and its tax treaties, FAST ACT US Passport Revocation, US nationality laws as it affects Accidental Americans. http://youtu.be/7s-8iXmrDt8 IRS Medic

Tuesday, November 15, 2016

Why US Brokerage Accounts of Americans are Being Closed with Tom Zachystal from www.iamadvisors.com

Why US Brokerage Accounts of Americans are Being Closed with Tom Zachystal from www.iamadvisors.com
http://ift.tt/2gchsTx http://ift.tt/1RfwK1f We are joined today by Tom Zachystal , President of Individual Asset Management, a US Registered Investment Advisor specializing in investment management and financial planning services for American Expats. Americans abroad are being informed by U.S. banks and brokerage firms that their accounts have been restricted or even closed due to their status as non-U.S. residents. This is happening with financial institutions such as Morgan Stanley, Fidelity, Merrill Lynch and Wells Fargo. There are two issues; brokerage accounts and US mutual funds. This is not so much a problem for taxable accounts, which could possibly be moved to the country of residency, but big problem for tax-deferred retirement accounts. There are definitely work arounds to the issue. We talk about the important questions to ask, time limits to request a waiver, and what to do if you miss an opportunity to rollover. Tom also discusses the importance of being proactive with financial planning as well as investment management. A pure brokerage or investment management firm may offer you only the one solution that is best for them or easiest for them to implement. A financial planning firm will consider alternatives and discuss them with you – a great example is whether it might be a good idea to transition money in a traditional IRA account to a Roth account. Feel free to contact Tom at www.iamadvisors.com for assistance. IRSMedic, the law offices of Parent & Parent, LLP 888-727-8796 info@irsmedic.com Helping US taxpayers around the world http://youtu.be/v3m6lN9Kjio IRS Medic

Thursday, November 10, 2016

Time for a change: The US-Australian Tax Treaty with Dr. Karen Alpert

Time for a change: The US-Australian Tax Treaty with Dr. Karen Alpert
https://www.irsmedic.com/2016/05/20/join-us-superannuation-funds-group/ In this video, we are joined by Dr. Karen Alpert to talk about common issues that expats encounter when living and working overseas. Tax traps, FATCA, and the new difficulty in getting a bank account overseas when you are a US person. Karen has experienced this and more as she and her family have been living and working in Australia for many years. This has added another layer of frustration as they quickly learned that the Australian Superannuation funds and US/Australia tax treaty were not the easiest things to navigate. As Karen leaned more and more about the tax treaty, she decided that she was going to take action. She, her husband, and daughter all renounced their US Citizenship; an action she did not take lightly. Next, she created a plan to try to make positive changes to the treaty and other issues. Karen created http://fixthetaxtreaty.org/, and a Facebook group; Fix the Australia/US Tax Treaty! She hopes to educate people, help others that may be experiencing the same issues, give specific actions people can do to help the cause, and - most importantly - work directly with the government to make suggestions and work to change to the current laws. We encourage you to visit Karen's website. IRSMedic, the Law Offices of Parent & Parent, LLP Serving US Taxpayers worldwide 888-727-8796 info@irsmedic.com http://youtu.be/38GGtXhmfBM IRS Medic

Monday, November 7, 2016

Total Tax Diagnosis with Kona, the IRSMedic super-dog.

Total Tax Diagnosis with Kona, the IRSMedic super-dog.
http://ift.tt/2fwsD7R We had a little bit of extra time, an IRSMedic banner left over from the New Haven GP, and our gorgeous super-dog, Kona, was just begging for a starring role. What do you think? Does she represent the brand well? http://youtu.be/Ul3Y3_PIBnc IRS Medic

Total Tax Diagnosis with Kona, the IRSMedic super-dog.

Total Tax Diagnosis with Kona, the IRSMedic super-dog.
http://ift.tt/2fwsD7R We had a little bit of extra time, an IRSMedic banner left over from the New Haven GP, and our gorgeous super-dog, Kona, was just begging for a starring role. What do you think? Does she represent the brand well? http://youtu.be/CWXit6P4VgY IRS Medic