Our special guest, Keith Redmond on the harm of FATCA and universal tax jurisdiction

Our special guest, Keith Redmond on the harm of FATCA and universal tax jurisdiction

LEAVE A COMMENT FOR THE TOPIC YOU WOULD LIKE US TO DISCUSS NEXT http://ift.tt/1RfwK1f In this video Anthony and Claudine talk with Keith Redmond and his efforts along with some others to repeal the terrible terrible law known as the Foreign Account Tax Compliance Act, or FATCA. a Keith is fighting for the rights of Americans overseas and the associated affected populations and will be terrifying in front on the new Congress in January of 2016. Keith Redmond is currently: - International Senior Consultant at Leadership Across Borders - Worked in the life sciences industry globally for 20 plus years doing communications, advocacy, and government relations work. - Founding Member Cercle K2, an international think tank Keith does extensive work globally in addressing the serious problems affecting personally and professionally the 9 million Americans overseas and associated populations by addressing the untenable taxation issues like the US practice of Citizenship Based Taxation, FATCA, the enforcement tool of Citizenship Based Taxation and its tax treaties, FAST ACT US Passport Revocation, US nationality laws as it affects Accidental Americans. http://youtu.be/7s-8iXmrDt8 IRS Medic

Why US Brokerage Accounts of Americans are Being Closed with Tom Zachystal from www.iamadvisors.com

Why US Brokerage Accounts of Americans are Being Closed with Tom Zachystal from www.iamadvisors.com

http://ift.tt/2gchsTx http://ift.tt/1RfwK1f We are joined today by Tom Zachystal , President of Individual Asset Management, a US Registered Investment Advisor specializing in investment management and financial planning services for American Expats. Americans abroad are being informed by U.S. banks and brokerage firms that their accounts have been restricted or even closed due to their status as non-U.S. residents. This is happening with financial institutions such as Morgan Stanley, Fidelity, Merrill Lynch and Wells Fargo. There are two issues; brokerage accounts and US mutual funds. This is not so much a problem for taxable accounts, which could possibly be moved to the country of residency, but big problem for tax-deferred retirement accounts. There are definitely work arounds to the issue. We talk about the important questions to ask, time limits to request a waiver, and what to do if you miss an opportunity to rollover. Tom also discusses the importance of being proactive with financial planning as well as investment management. A pure brokerage or investment management firm may offer you only the one solution that is best for them or easiest for them to implement. A financial planning firm will consider alternatives and discuss them with you – a great example is whether it might be a good idea to transition money in a traditional IRA account to a Roth account. Feel free to contact Tom at www.iamadvisors.com for assistance. IRSMedic, the law offices of Parent & Parent, LLP 888-727-8796 info@irsmedic.com Helping US taxpayers around the world http://youtu.be/v3m6lN9Kjio IRS Medic

Time for a change: The US-Australian Tax Treaty with Dr. Karen Alpert

Time for a change: The US-Australian Tax Treaty with Dr. Karen Alpert

https://www.irsmedic.com/2016/05/20/join-us-superannuation-funds-group/ In this video, we are joined by Dr. Karen Alpert to talk about common issues that expats encounter when living and working overseas. Tax traps, FATCA, and the new difficulty in getting a bank account overseas when you are a US person. Karen has experienced this and more as she and her family have been living and working in Australia for many years. This has added another layer of frustration as they quickly learned that the Australian Superannuation funds and US/Australia tax treaty were not the easiest things to navigate. As Karen leaned more and more about the tax treaty, she decided that she was going to take action. She, her husband, and daughter all renounced their US Citizenship; an action she did not take lightly. Next, she created a plan to try to make positive changes to the treaty and other issues. Karen created http://fixthetaxtreaty.org/, and a Facebook group; Fix the Australia/US Tax Treaty! She hopes to educate people, help others that may be experiencing the same issues, give specific actions people can do to help the cause, and - most importantly - work directly with the government to make suggestions and work to change to the current laws. We encourage you to visit Karen's website. IRSMedic, the Law Offices of Parent & Parent, LLP Serving US Taxpayers worldwide 888-727-8796 info@irsmedic.com http://youtu.be/38GGtXhmfBM IRS Medic

Total Tax Diagnosis with Kona, the IRSMedic super-dog.

Total Tax Diagnosis with Kona, the IRSMedic super-dog.

http://ift.tt/2fwsD7R We had a little bit of extra time, an IRSMedic banner left over from the New Haven GP, and our gorgeous super-dog, Kona, was just begging for a starring role. What do you think? Does she represent the brand well? http://youtu.be/Ul3Y3_PIBnc IRS Medic

Total Tax Diagnosis with Kona, the IRSMedic super-dog.

Total Tax Diagnosis with Kona, the IRSMedic super-dog.

http://ift.tt/2fwsD7R We had a little bit of extra time, an IRSMedic banner left over from the New Haven GP, and our gorgeous super-dog, Kona, was just begging for a starring role. What do you think? Does she represent the brand well? http://youtu.be/CWXit6P4VgY IRS Medic

Before you take the bait...

Before you take the bait...

http://ift.tt/2eHj7Lw The Fresh Start initiative was created to “encourage taxpayer utilization and improve successful resolution and payment of tax liabilities.” Basically, make it easier for the IRS to collect back tax debts. Are there benefits? Sure. Especially to the IRS as it helps them get more revenue. They changed some of the guidelines of existing programs to make things like an Offer In Compromise, Installment Agreements, and Penalty Abatement “easier” for taxpayers to use. The “Fresh Start Program” – sounds like you are wiping the slate clean, but it’s not really a “forgiveness program”. What it actually is, is a marketing program designed to make taxpayers expose themselves to the IRS. What happens is you hear about this program and you let your guard down, so you call the IRS. You may not be speaking to the right person about your issue. And once you call, you could be raising a red flag about your issue and put into the automated collection process. In 30 days you begin receiving notices from the IRS. It’s a great way for the IRS to figure out what they can actually get from you. If you need assistance, contact us BEFORE you call the IRS. Is there a possibility you could easily reach out to them and simply solve your tax issue? Sure, a tiny possibility. But there's a greater chance you could end up raising unnecessary red flags. Get professional advice first. IRSMedic, the Law Offices of Parent & Parent, LLP 888-727-8796 info@irsmedic.com http://ift.tt/1RfwK1f For more about our services and fees, visit: http://ift.tt/1TUcrWR http://youtu.be/gwK9aWzTX9c IRS Medic

Should I call the IRS myself?

Should I call the IRS myself?

http://ift.tt/1RfwK1f People are concerned about calling the IRS, they often wonder if doing so will raise red flags. The first question our clients ask us is "Will hiring an attorney make me look guilty?" The answer is no. The person that is reviewing the Power of Attorney that we submit is doing just that. They are not opening your case or looking at any of your tax details. Now, if you contact the IRS on your own the first thing they do is look up your info and verify your identification. Next, they let you know if you owe anything to the IRS and ask if you would like to pay the balance in full (they accept credit cards!). They may try to strong arm you or intimidate you. It's important to be objective; don't get defensive or emotional. If you choose not to pay in full (and you really should not agree to that), the IRS will then tell you that you have 30 days to get back to them with your financial info. While they won't be following up with a phone call to you, your case is now coded and is part of a collection process. This will initiate the IRS "notice stream" and you will begin getting collection letters after that 30 days. If you instead choose to have representation call the IRS on your behalf, they can gather all of the appropriate information needed to find out exactly what's going on with your case. This way, they can come up with a plan of exactly how to address your issue. Another benefit of having representation call the IRS is that they will have more experience in negotiating with the IRS. You need to know how to communicate with them in the best way possible. A professional will also understand how structure your financial information and allowable expenses in the most beneficial way possible. If you have a tax issue you need assistance with, don't hesitate to contact us. With over 10 years of experience in dealing with the IRS, our team knows what to say...and what not to say to them. Our in house team of attorneys, CPAs, Enrolled Agents and tax preparers are here to fight for you. IRSMedic, the Law Offices of Parent & Parent, LLP Serving US taxpayers worldwide 800-727-8796 info@irsmedic.com More about our services and fees here: http://ift.tt/1TUcrWR http://youtu.be/nRiumsYhGyI IRS Medic