Did you check "no" on your Schedule B part III line 7a?

Did you check "no" on your Schedule B part III line 7a? http://ift.tt/1nJ78xL Did you check "no" on your Schedule B part III line 7a when the correct answer should have been "yes?" Do NOT freak out. Willful FBAR penalties are not automatic. Willfulness requires more than making a mistake on Schedule B. The IRS agrees: "The mere fact that a person checked the wrong box, or no box, on a Schedule B is not sufficient, by itself, to establish that the FBAR violation was attributable to willful blindness. " In this video I explain why this mistake is so common, and why you need to get a tax lawyer with "Offshore Chops" as recommended by Forbes in this article: http://ift.tt/1jIW5PG To learn more about all of the 2014 OVDP changes, watch my OVDP webinar. Sign up here; http://ift.tt/URFeVp #OVDPlawyer #OVDPattorney http://ift.tt/1qnwFuB Anthony Parent

OVDP Webinar

OVDP Webinar OVDP Webinar http://ift.tt/1xlMJQi Anthony Parent

best tax attorney

best tax attorney http://ift.tt/1tGhcbf 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. http://ift.tt/1kf1JPq Anthony Parent

Should I file an offer in compromise?

Should I file an offer in compromise? http://ift.tt/1u8uOAe 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? http://ift.tt/1p2o0fk 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. http://www.irsmedic.com http://ift.tt/1mwXw3P Anthony Parent

IRS 2014 OVDP Webinar Introduction

IRS 2014 OVDP Webinar Introduction http://ift.tt/URFeVp http://ift.tt/1rjWhwF Anthony Parent

2014 IRS OVDP/OVDI Webinar Introduction

2014 IRS OVDP/OVDI Webinar Introduction http://ift.tt/URFeVp 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. http://ift.tt/1t5VvBc Anthony Parent

IRS Offer in Compromise tips

IRS Offer in Compromise tips http://ift.tt/1qDqrYb 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. http://www.irsmedic.com http://ift.tt/U832Tz Anthony Parent

2014 OVDP Pre-Clearance: The changes

2014 OVDP Pre-Clearance: The changes http://ift.tt/1rbWJgk 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. http://ift.tt/1r141lr Anthony Parent

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

Federal Tax Crimes: Who is really at risk for prosecution? http://ift.tt/1jrWUlc 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. http://www.irsmedic.com http://ift.tt/1mP1IjV Anthony Parent

3 Basic International taxation principles

3 Basic International taxation principles http://ift.tt/1jkM54h In this video, I got over some of the basic US international taxation principles. (1) Why it doesn't really help to try to hide income offshore (2) how US taxation surprises many expatriates and other US "persons" and (3) how international tax planning was fairly ruined by at 1962 law and rules called "Subpart F" http://www.irsmedic.com http://ift.tt/1jkM54e Anthony Parent

Who are the best OVDP attorneys for you?

Who are the best OVDP attorneys for you? http://ift.tt/1rUoIBu We've taken over a lot of OVDP cases from previous attorneys. And these are the questions I think anyone who needs to hire an IRS Offshore Voluntsary Disclosure (OVDP) atroeny should be asking http://www.irsmedic.com #OVDPattorney #OVDPattorneys #OVDPlawyer #OVDPlawyers #OVDIattorney #OVDIattorneys #OVDIlawyer #OVDIlawyers #OVDPlawfims #OVDIawfirms #OVDIlawfirm #OVDPlawfirm http://ift.tt/1oqUr6X Anthony Parent

Who is the best OVDP attorney for you?

Who is the best OVDP attorney for you? http://ift.tt/1k6AmRZ We've taken over a tremendous amount of OVDP cases where there was previous attorney involved. And there is a lot of great information we've learned about what types of questions you should ask both yourself and an prospective IRS OVDP attorney to represent you. http://ift.tt/1k6H4ax Anthony Parent

Who is the best OVDP attorney for you?

Who is the best OVDP attorney for you? http://ift.tt/1rUoIBu We've taken over a lot of OVDP cases from previous attorneys. And these are the questions I think anyone who needs to hire an IRS Offshore Voluntsary Disclosure (OVDP) atroeny should be asking http://www.irsmedic.com #OVDPattorney #OVDPattorneys #OVDPlawyer #OVDPlawyers #OVDIattorney #OVDIattorneys #OVDIlawyer #OVDIlawyers #OVDPlawfims #OVDIawfirms #OVDIlawfirm #OVDPlawfirm http://ift.tt/1n8Kwlb Anthony Parent

IRS Payroll Tax Embezzlement

IRS Payroll Tax Embezzlement http://ift.tt/1vXlD19 What can you do when an employee embezzles money and leaves you with an IRS payroll tax problem? One thing to do is crawl up into a hole and hope everything is ok. Your other alternative is to put your F.U. crocs and start kicking. In this video, I tell a story about Ron who fought back and got the IRS to agree with him that he shouldn't have to pay his back payroll taxes. http://www.irsmedic.com http://ift.tt/1kB05Ss Anthony Parent

How can you settle an IRS payroll tax problems?

How can you settle an IRS payroll tax problems? http://ift.tt/1lQJ7zl Can payroll tax problems be settled? Oh you bet you can. The issue is not to panic. The keys are to make the most out of your cash-flow, prioritize expenses, and set up a realistic budget. Take control --- without IRS banging down the door. As payroll tax attorneys, we know how to get you the time you need to make a good move --- not a rushed decision that you will regret years down the line. At IRSMedic, we handle the toughest tax problems in the country (and also around the world). We are nothing like those late-night TV or radio advertising "tax resolution" oddities. We actually get the job done. So you can get back to making money. I decided to do something different with this video --- you'll see my homage to a certain director, a jazz singer, Al Bowly, and an orchestral leader, Ray Noble. Link to full song, "Midnight, the Moon and You," which was the exit song in "The Shining." http://bit.ly/1lR6Ijj I'm sorry to differ with you, sir, but you are the caretaker. http:///www.irsmedic.com http://ift.tt/1kB03df Anthony Parent

Cqn you settle an IRS payroll tax problem?

Cqn you settle an IRS payroll tax problem? http://ift.tt/1lQJ7zl Can payroll tax problems be settled? Oh you bet you can. The issue is not to panic. The keys are to make the most out of your cash-flow, prioritize expenses, and set up a realistic budget. Take control --- without IRS banging down the door. As payroll tax attorneys, we know how to get you the time you need to make a good move --- not a rushed decision that you will regret years down the line. At IRSMedic, we handle the toughest tax problems in the country (and also around the world). We are nothing like those late-night TV or radio advertising "tax resolution" oddities. We actually get the job done. So you can get back to making money. I decided to do something different with this video --- you'll see my homage to a certain director, a jazz singer, Al Bowly, and an orchestral leader, Ray Noble. Link to full song, "Midnight, the Moon and You," which was the exit song in "The Shining." http://bit.ly/1lR6Ijj I'm sorry to differ with you, sir, but you are the caretaker. http:///www.irsmedic.com http://ift.tt/1jlMPXf Anthony Parent

Did you get a letter threatening to Freeze a Swiss Bank Account?

Did you get a letter threatening to Freeze a Swiss Bank Account? http://ift.tt/1snr6OC Did you get a letter from a Swiss bank threatening to freeze your Swiss bank account? If so, there are important steps you need to take to protect your property. If you have entered into the IRS OVDP program, then you need to send prove that you have. If you do not need to enter into a program because you had no unreported income (FBAR FAQ #17) you may have a difficult time on your own explaining that to your bank. If you have not entered into an OVDP, you should likely do so quickly. The standard 27.5% penalty increases to 50% of high account value on August 4, 2014. Those who have reasonable cause, however, may still opt-out even if they submit after August 4, 2014. There is good news for many. the streamlined OVDP rules have been liberalized for those offshore. There is now a standard 0% penalty. And ofr those living in the US, there is a 5% penalty, based on year-end value in the last 6 years. Regardless, if you have received one of these letters and you have done nothing, having your assets frozen may be the least of your worries. As your bank will likely share your information with the IRS and you could be facing stiff FBAR fines and *potential* criminal prosecution http://ift.tt/1xJiZic Anthony Parent