Avoiding IRS Form 926 Penalties

Avoiding IRS Form 926 Penalties

http://ift.tt/1RfwK1f - Concerned about unfiled, or misfiled IRS Forms? Contact us for help at 888-727-8796 or info@irsmedic.com (your information is subject to the attorney client privilege). We can review your returns and let you know if you have issues, and how to fix them. With over 10 years of international tax experience, we are here to help. The IRS is currently using a fairly new program call the "International Practice Units" to target easy audits that will generate the most revenue for them. One of these IPU's focuses on IRS Form 926. It's fairly easy for them to track down people and businesses that should have filed it and quickly search to see if it was filed. For example, if you filled out Form 5471, you may need to also fill out Form 926. The penalties for not filing, or mis-filing this form are 10% of the fair market value of the transferred property (up to $10,000), and an open assessment on your returns. In this video, Attorney Parent and Claudine discuss what to do if you're concerned about this issue). IRSMedic.com is the website for Parent & Parent LLP, a tax law firm of IRS resolution attorneys, Certified Public Accountants, and Enrolled Agents who want to be the team that permanently resolves your tax problem where others have failed. We have developed a proven system of solving any tax problem in the least amount of time, for the smallest amount of headache. We serve US taxpayers worldwide for IRS, US Tax Court and state revenue agency issues. 888-727-8796 info@irsmedic.com Serving U.S. taxpayers worldwide http://youtu.be/DvW_A3lMxQ4 IRS Medic