Friday, July 25, 2014

best tax attorney

best tax attorney What factors should you consider when trying to find the best tax attorney for you? In this video, Anthony E. Parent looks at the criteria you should consider -- there are many color in the tax attorney rainbow. Anthony Parent

Monday, July 21, 2014

Should I file an offer in compromise?

Should I file an offer in compromise? Should I file an Offer in Compromise? How much should I offer if I do it? Does an Offer in Compromise work? What about Offer in Compromise calculators? In this video I explain how even though someone at the IRS may think it is a good idea to file an Offer in Compromise, they may not be correct. I explain that the Offer in Compromise pre-qualfier is not accurate and whether or not you should hire someone to help you with an Offer in Compromise and what to listen for when you speak with a tax debt company. Anthony Parent

Thursday, July 17, 2014

IRS 2014 OVDP Webinar Introduction

IRS 2014 OVDP Webinar Introduction Anthony Parent

Wednesday, July 16, 2014

2014 IRS OVDP/OVDI Webinar Introduction

2014 IRS OVDP/OVDI Webinar Introduction Are you confused about making a voluntary disclosure to the IRS? Do you know if you even need to? Did you just find out about FBAR penalties? Are you getting threatening letters from a foreign bank? Are you unable to sleep at night, just wondering, wondering just what to do about offshore bank accounts you may have not reported to the IRS? Well then, we have just the thing. Join us for an IRSMedic exclusive webinar: IRS Offshore Voluntary Disclosure Programs, Initiatives & Mind-Numbing Hoops to Jump Through. Simplified. Hi this is Anthony E. Parent or Parent, Parent & Wynn LLP, the IRSMedic. Join us for this webinar and in less than 40 minutes, we'll explain the history of the IRS' claim of worldwide taxation, the history of foreign account compliance and the complete evolution of voluntary disclosure practice from simple straight-forward instructions that existed prior to 2009, to the four different programs just announced in June of 2014. You'll learn what alternatives there are and why they exist. You will learn how you may limit or completely avoid horrific penalties on your unreported foreign account and income. At the end of this webinar, you'll probably understand the Offshore Voluntary Disclosure Programs better than 95% of IRS employees and probably100% of Congress. Think of the dilemma you are in. The IRS does a lousy job of explaining even simple things to taxpayers. And the IRS is constantly changing rules. And taxes are incredibly complicated. So without some guidance from someone who has been there and done that, what position does that put you in? And that's why we have created this webinar. To give you the power of knowledge. We'll share some of our biggest lessons from our years of representing our worldwide clientele. From all walks of life and from every corner of the globe , we have successfully negotiated and completed voluntary disclosures no matter what changes the IRS has thrown our way. This webinar is also incredibly helpful for tax attorneys and CPAs who wish to learn about the latest news and updates with OVDI and OVDP. Of course this webinar is no substitute for actual legal advice, but it will give you the foundation to know what your next best moves could be. Sign up now so that you can join us and you'll feel something that you haven't felt in a while. Relief from your offshore bank account worries. Anthony Parent

Tuesday, July 15, 2014

IRS Offer in Compromise tips

IRS Offer in Compromise tips Did you know that 75% of Offers in Compromises submitted are rejected? And of those that are accepted, how many times have taxpayers paid more than they needed to? In this video, I give some great tips to get an optimal offer in compromise accepted by the IRS. Like: Making sure you are aware of the allowable expenses and have explanations for the expenses that are over the allowable. Making sure you took the most beneficial snap shot of your financial picture as legally possible. Making sure you have properly addressed any equity positions WITHOUT dissipating assets. In the case of rejecting, knowing how to request an expense, income and asset table from the OIC examiner to maximize your chances of success on appeal, or an alternative resolution. Anthony Parent

2014 OVDP Pre-Clearance: The changes

2014 OVDP Pre-Clearance: The changes The 2014 IRS OVDP Pre-clearance process has changed. Watch this video to find out what some of the more essential adjustments the IRS requires to accept a Pre-Clearance as valid. Anthony Parent

Monday, July 14, 2014

Federal Tax Crimes: Who is really at risk for prosecution?

Federal Tax Crimes: Who is really at risk for prosecution? I found this article I wrote in 2008 that I think does a pretty decent job of explaining my paranoia of why there may be a criminal system, it is difficult to find a criminal justice system. My theory: Prosecuting authorities do NOT like prosecuting the real bad guys as (1) bad guys cheat and may intimidate witnesses, judges prosecutors, (2) bad guys also may have political muscle. In either case, a substantial chance of a lack conviction can lead to career stagnation. So who can blame prosecutors for responding to stimuli? This is not to say the prosecutors are cowardly or don't take on any tough cases, but a proposition that every prosecutor needs a diversified portfolio. One with very few hard cases and then rounded out with cases where a plea is a forgone conclusion. So then, a problem. Who has the best chance of being prosecuted? Good people who have a hard time cheating, stealing, killing etc. Like those who make mistakes on their taxes or Bank Secrecy forms. Since I wrote this article in I was able to pitch my paranoid theory to a TIGTA inspector who was at our office on other business. He nodded with 100% agreement. Which led me to come up with a new theory: Just because you are paranoid does not mean you are paranoid enough. It would also be nice if prosecutors could be judged on the how many actual bad guys are taken down for violations of malum in se laws, not by how many convictions they squeeze out of malum prohibitum defendants. Anthony Parent