IRS Tax Relief Programs 2018: Top questions answered

IRS Tax Relief Programs 2018: Top questions answered

Do you have a question on IRS Tax Relief I didn't answer? Put in the comment below and subscribe! I'll answer the best ones in an upcoming video. https://ift.tt/2jsz1gT The most helpful way to think about IRS tax relief services for outstanding back taxes is two ways. 1. You can not afford to pay or 2. You truly don't owe the taxes. Other types of amnesties involve limiting criminal exposure, unfiled returns, and punishment mitigation. And there is the IRS First Time Penalty Relief program that is guaranteed as a matter of right. You merely need to request it. Sometimes it simply requires a call, others instances the petition must be in writing. Additionally, the IRS is very interested in assessing large penalties for those that have unreported overseas accounts or assets, such as inheritances from aboard and pensions located abroad. The penalties can get out of control fast - starting at $10,000 per year and the capability to reach so high they could actually completely ruin somebody. And another type of tax relief is a general tax relief for when taxpayers are in a declared disaster area because of a hurricane, earthquake or some sort of natural or even man-made disaster. These amnesties normally push back dues dates to everyone in the affected region to eliminate potential penalties, yet it will negate ones requirement to cover the inherent taxes. If however, your capacity to pay was greatly decreased by natural disaster situations, or perhaps say something like a terrorist attack, this fact should be properly incorporated into a claim you can't manage to cover the tax invoice in full. Is there any tax relief available for taxpayers with psychological illness? We frequently get calls from family and friends of a taxpayer who has both tax issues and mental health issues. The largest difficulty in these cases is eliminating the fear. Cases with mentally ill clients are difficult and need more patience, but are incredibly rewarding when we can solve at least one of our clients' problems. Is IRS tax relief that a scam? There are a whole lot of tax relief firms around who advertise heavily with TV and radio advertisements, and the internet. A number are, in fact, scams and not legitimate. The tax resolution business is filled with people asserting that are "top rated tax relief firms" and "the very best tax difficulty attorneys." A number of these people making these claims aren't attorneys that's fine, a non-lawyer can assist you, but lying is dishonorable. Yet they are not called on it, closing their doors when the complaints become too big and then reopening under another name. Many these company pay for bogus testimonials or use other services to suppress negative reviews. Even the IRS doesn't govern these firms to some meaningful level, the Federal Trade Commission will be more competitive, but there is only so much they could do. The very best advice would be to exercise due diligence on who you hire, if anyone, to help you get this issue behind you. The fantastic thing is there are a lot of quite good tax relief specialists out there. A lot of these are my friends. A few are CPAs. Some are actual real tax relief lawyers. We're tax lawyers so the instances best suited for people are where: 1. There is a fear of criminal vulnerability 2. The stakes are rather significant 3. Businesses are involved 4. The problems are incredibly complicated (particularly when overseas assets or income is included), 5. Or it is a case where the client prefers to have the security of their attorney-client privilege. Can IRS tax relief differ from state to state? Absolutely. The IRS accounts for the various differences in the price of living. Yet, the differences sometimes are not enough. The reason is the IRS will require an average of a geographical area that might not be really be realistic. For instance, from the hyper-wealthy Fairfield county in Connecticut, the biggest city is Bridgeport, which can be quite cheap to live in, although a bit distressed in appearance in security. Additionally, the IRS Office of Appeals is different from region to region. The quality and standard of Appeals Officers differ greatly. It is crucial to know this going in, as there might be a way to change venue. Additionally, some states are what are known as community property states. At a community property state, the IRS could reach into half of the the assets of their non-liable spouse. This can cause quite a complicated scenario for us, particularly in the event of outstanding payroll tax liabilities. Arizona California Idaho Louisiana Nevada New Mexico Texas Washington Wisconsin Alaska is an opt-in community property state. Parent & Parent LLP 144 South Main Street Wallingford, CT 06492 (203) 269-6699 https://ift.tt/1RfwK1f https://youtu.be/U-G9KXeOg5E IRS Medic

Al Capone’s complete BULLSH!T tax evasion conviction: A look inside

Al Capone’s complete BULLSH!T tax evasion conviction: A look inside

The truth behind Al Capone’s tax evasion conviction should outrage anyone with a functioning brain. As a tax attorney and one-time criminal defense attorney, there are few bigger outrages than Al Capone’s tax evasion conviction. “You see this is why we need the income tax! To put people like Al Capone behind prison where he belongs. The other laws can’t catch him, but the good old income tax, sure helped us out of jam here. YET THE ONLY REASON AL CAPONE BECAME A SUPER GANGSTER WAS BECAUSE OF THE INCOME TAX! the Alpha and omega of Al Capone the Gangster is the 16th Amendment! There are a lot of myths out there. And I am going to show you why they just don’t stand up to scrutiny. Other laws did stop him Al Capone was put behind bars. Yeah he got pinched for a weapons charge. Served 9 months. Kind of touchable Al Capone attempted to pay his taxes but the Treasury refused to deal with him. The set him up for a conviction. Unfortunately this still happens to this day. 3. The amount of income Al Capone claim he made was enough to support his lifestyle. Further, Al Capone was a professional gambler, he owned race tracks and had substantial losses. 4. Al Capone was the scape goat for progressive malfeasance Progressives pressured the federal government that horrific poisons be added to industrial alcohol that was being re-distilled to make fairly safe for consumption. But these additional poisons were so powerful, the re-distilling process did not work (unknown to anyone) and people were becoming blind after 3 drinks and dead after that. It is estimated that 10,000 people were murdered by drinking alcohol that was intentionally poisoned. Sorry, this death count far exceeds Al Capone. So who went to prison for this? No one. Progressives like Wayne Wheeler of the The (pretty racist) Anti-Saloon league was ecstatic about this program. when informed it was killing people, he responded: “If America can be made sober and temperate in 50 years a good job will have been done.” You see if wasn’t an out of control federal gov’t that was the problem. It was the arrogance and hubris of progressive ideology. And just plain evil. To quote C.S. Lewis: “Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.” For me, I would rather be ruled by Al Capone than by progressives. At least Al Capone knows his terrible things are kind of bad. A progressive on the other hands, think their bad things are good. The Revenue Act of 1862 and 1863 were prior to the 16th Amendment but were held to be constitutional. Why? A personal income tax is a wartime measure. The thing is, the modern income tax is a wartime measure. So who are we fighting? And if our objective was to defend freedom and liberty it sure as shit seems like we lost that battle a long time ago. Parent & Parent LLP 144 South Main Street Wallingford, CT 06492 (203) 269-6699 info@irsmedic.com https://ift.tt/1RfwK1f https://youtu.be/_m1IAmRKmWA IRS Medic