Taxes and Attorneys: June 2016

Wednesday, June 29, 2016

FBAR filers - File on time! Willful vs non-willful and audit risks

Contact us at 888-727-8796 if you need assistance filling out your FBAR, or if you have questions or concerns about past FBARs you may have misfiled (or not filed at all...and yes, your information will be subject to the attorney client privilege). You can also email info@irsmedic.com. The impending FBAR deadline has our clients asking us a lot of questions! In this video we answer: If I file the 2015 FBAR now, it will be my first time to ever report it. I’m afraid that it may raise a red flag and increase my chance of being audited. I feel like it’s a bad idea to report it now before I start the streamlined process. How is filing it now helping me instead of putting me at risk? What's the disadvantage of filing FBARs altogether for the past 6 years through the streamlined process past the filing deadline? For information about our Offshore Services, visit: http://ift.tt/1ZmyGZG For information about our services and fees, visit: http://ift.tt/1TUcrWR www.irsmedic.com The Law Offices of Parent & Parent, LLP Real Tax Attorneys for Tough Tax Problems With clients from around the world 888.727.8796 http://youtu.be/tV_eSc_kE7o IRS Medic

Tuesday, June 28, 2016

The Treasury Inspector General takes on OVDP

Contact us at 888-727-8796 if you need assistance with your foreign or domestic tax problem (and yes, your information will be subject to the attorney client privilege). We’ve successfully assisted thousands of clients deal with IRS issues. You can also email us at info@irsmedic.com. Learn more about our offshore relief here: http://ift.tt/1ZmyGZG Learn more about our services and fees here: http://ift.tt/1TUcrWR OVDP/TIGTA: I could hardly contain my excitement. Finally, the Treasury Inspector General for Tax Administration (TIGTA) was riding in to give a blistering report on the unfair, onerous slog that is the IRS Offshore Voluntary Disclosure Program (OVDP). But alas, I was disappointed. In this video, we discuss errors not only in their findings, but in their suggestions as well. www.irsmedic.com The Law Offices of Parent & Parent, LLP Real Tax Attorneys for Tough Tax Problems With clients from around the world 888.727.8796 http://youtu.be/5V4BxAeYF0k IRS Medic

Monday, June 20, 2016

H.R.4450 - Yet another disclosure law?

If you have a tax issue you’re concerned about us, contact us to schedule a consultation. We have over 10 years of experience in successfully fighting the IRS. To learn more about our firm of Attorney’s, CPA’s, and Enrolled Agent’s, click here: http://ift.tt/1TuHXAv And to learn about our services and fees, click here: http://ift.tt/1TUcrWR H.R.4450 is a bill that was introduced on February 2, 2016 by Carolyn Maloney. It would amend title 31, United States Code to: "to ensure that persons who form corporations or limited liability companies in the United States disclose the beneficial owners of those corporations or limited liability companies, in order to prevent wrongdoers from exploiting United States corporations and limited liability companies for criminal gain, to assist law enforcement in detecting, preventing, and punishing terrorism, money laundering, and other misconduct involving United States corporations and limited liability companies, and for other purposes." Do they really think they'll be catching criminals? We can already think of loopholes... To follow the progress of this bill, visit here and sign up for alerts: http://ift.tt/1qpomVi www.irsmedic.com The Law Offices of Parent & Parent, LLP Real Tax Attorneys for Tough Tax Problems With clients from around the world 888.727.8796 http://youtu.be/Arf1wneoE1o IRS Medic

Thursday, June 9, 2016

How does an IRS Offer in Compromise really work?

Wednesday, June 8, 2016

IRS Appeals - A helpful taxpayer tool

Contact us at 888-727-8796 if you need assistance with your tax problem (and yes, your information will be subject to the attorney client privilege). We’ve successfully assisted thousands of clients deal with IRS issues. You can also email us at info@irsmedic.com. We deal with both domestic and offshore issues. www.irsmedic.com If you disagree with the IRS’s determination or collection actions on your case, you may request an IRS appeal conference by filing a written request protesting their decision. The two main types of appeals are Collection Due Process and Collection Appeals Program. Collection Due Process (CDP) is available if you receive one of the following notices: - Notice of Federal Tax Lien Filing and Your Right to a Hearing under IRC 6320 - Final Notice – Notice of Intent to Levy and Notice of Your Right to a Hearing - Notice of Jeopardy Levy and Right of Appeal - Notice of Levy on Your State Tax Refund – Notice of Your Right to a Hearing - Post Levy Collection Due Process (CDP) Notice Collection Appeals Program (CAP) is available for the following actions: - Before or after the IRS files a Notice of Federal Tax Lien - Before or after the IRS levies or seizes your property - Termination, or proposed termination, of an installment agreement - Rejection of an installment agreement - Modification, or proposed modification, of an installment agreement You cannot go to court if you disagree with the CAP decision. You may also appeal other collection actions: - Rejected Offer in Compromise - Proposed Trust Fund Recovery Penalty - Denied Trust Fund Recovery Penalty Claim - Denied request to abate penalties (i.e., late payment, late filing, or deposit penalties) You will want professional representation at the hearing. I know we’re a law firm so you may thing we’re just saying that…but again…we’ve dealt with so many clients, so many Revenue Officers, so many IRS Agents that we truly know what happens behind the scenes. We sincerely want to help people deal with this nasty agency and come out on top. You are dealing with a situation where you could lose your livelihood. You cannot mess around with the IRS and expect to win on your own. We have had IRS employees tell us that they look at taxpayers who have an attorney representing them in a better light than those who don’t. If you need assistance, contact us. Learn more about our services and fees here: http://ift.tt/1TUcrWR More about our firm here: http://ift.tt/1TuHXAv And success stories from some of our satisfied clients. We've been in business for over 10 years and have helped thousands of taxpayers: http://ift.tt/1TuI0MK www.irsmedic.com The Law Offices of Parent & Parent, LLP Real Tax Attorneys for Tough Tax Problems With clients from around the world 888.727.8796 http://youtu.be/cYLglzv-VWs IRS Medic

Friday, June 3, 2016

Commonly asked questions people ask before hiring IRSMedic

http://ift.tt/1RfwK1f Watch this video to find out the answers to the most frequently asked question our clients have before deciding to hire us. 1. Are all communications subject to the attorney-client privilege? Yes. 2. Is the telephone call recorded? No. We do not record calls. 3. What happens to my information if I decide not to hire you or you decide not to take my case? Any physical information is actually shredded, any digital information is virtually shredded. In either case, the information is impossible to recover. 4. Can you give me a ballpark fee of what your services will cost prior to me schedule a consultation? No. We would love to,but because each case is so fact dependent, it is impossible. We can tell we are not the lowest cost tax team. But we can also tell you that our fees tend to be lower than "Big Law" or what the "Big Four" charges. Also, we do not charge hourly, so we can give you a guaranteed fixed price quote at the end of the consultation process. 5. How secure is your secure document exchange (SDE)? The connection between your computer and our server has the highest level of encryption allowed by law. Moreover, the SDE is actually not on the internet. Its address is secret and fairly impossible to guess. hackers would have a difficult time finding the SDE, let alone hacking into it. While there are systems as secure as our SDE, we don't know if there any any systems more secure, outside those employed by sovereign nations. 6. How do you figure out what my fee will be? Why are your fees so low/high? Our fees are calculated based on our experience of seeing cases from start to finish. This also includes a warranty on our work to fix mistakes caused by the IRS failing to follow their own procedures, and a guarantee to fix any mistakes we may have made. Yes, sometimes that happens. Our flat fee means we have no incentive to create additional work. 7. Could I just hire a CPA or do this myself? You could do whatever you want to do. But something is telling you that you shouldn’t hire a CPA or do it yourself, right? That’s why you are considering hiring someone like us. If you feel the IRS is an agency with limited power, that always works in the boundaries of the law, that always works to a fair result, that follows a clear logic process…if you think the IRS understands its own rules, and if you think you can understand them and implement them to effect the perfect strategy, then sure, why not. Our clients look at the IRS as a mortal threat to their financial security. The question to ask yourself to figure out if you are making the right decision in hiring a firm like ours, is if you see the same risks. 9. What happens if I need tax preparation for original or amended returns? What happens if those returns are complicated? At many law firms, in addition, you will also have to hire a CPA firm. Not so at IRSMedic. We handle all accounting and tax preparation work work in-house. We find this structure gives us a built-in advantage: it creates a more consistent, more timely work product. And complicated tax issues are our specialty. 10. How much money can you save me?...Approximately how much will my settlement be?...How long will it take to resolve my case? Can I just paid what I originally owed…Can you lower my penalties? We’ve grouped these questions together because we can answer them all the same way…it depends. The IRS is a poorly organized, insanely large organization. They don’t always follow their own rules, and will sometimes make decisions based on emotion (which they really shouldn’t be doing). After doing this for over 10 years, and working on thousands of cases, we still can’t predict how the IRS will act. Every case is different. Our flat fee billing ensures that we will be efficient and will work hard to get everything done correctly the first time. 11. Will the IRS remove penalties and interest? They might remove penalties, but will not remove interest (yet they will remove interest that was running on abated penalties). 12. Will the IRS assume I’m “guilty” if I hire an attorney? We’ve had IRS employees straight up tell us they deal with people who hire attorneys differently – but in a good way. They are much less likely to try to walk all over you. Hiring legal representation for an IRS issue doesn’t make you look guilty. It makes you look like you take the power of the IRS seriously. Other attorneys and partners at Big Four accounting firms routinely hire us. Even though they know they could potentially handle their IRS issue, they also know the stakes are far too high to take unnecessary risks. http://youtu.be/YC5EQJZWZ4g IRS Medic

Thursday, June 2, 2016

Most common FAQs before hiring IRSMedic, Parent & Parent LLP

http://ift.tt/1RfwK1f Thinking about making IRSMedic, the law offices of Parent & Parent LLP part of your team? Well then, in this video we answer the most common questions our clients have before hiring us. IRSMedic Parent & Parent LLP 144 S. Main St Wallingford, CT 06492 http://youtu.be/9-l2wXWOc4o IRS Medic

The what, why, when, where, and how of Federal Tax Liens

Contact us at 888-727-8796 if you need assistance with your foreign or domestic tax problem (and yes, your information will be subject to the attorney client privilege). We’ve successfully assisted thousands of clients deal with IRS issues. You can also email us at info@irsmedic.com. www.irsmedic.com In this video, Anthony and Claudine discuss Federal Tax Liens: - What is a tax lien? - How does the IRS put a lien on your assets? - Is it possible to get a tax lien removed? - Common misconceptions about tax liens - How to qualify to get a lien withdrawn - What if you don't qualify? - Is Chapter 7 bankruptcy an option? - What if you do qualify? - The difference between having a tax lien withdrawn vs. having a tax lien released If you want to learn more about our services and fees: http://ift.tt/1TUcrWR If you want to learn more about our firm: http://ift.tt/1TuHXAv If you want to read success stories about our firm: http://ift.tt/1TuI0MK If you want to contact us: http://ift.tt/24xCz51 www.irsmedic.com The Law Offices of Parent & Parent, LLP Real Tax Attorneys for Tough Tax Problems With clients from around the world 888.727.8796 http://youtu.be/vDv_FRsmDY4 IRS Medic