IRS announces slew of Foreign Individual Facilitators...like, actual people

IRS announces slew of Foreign Individual Facilitators...like, actual people

http://ift.tt/1RfwK1f The IRS list of Foreign Financial Institutions or Facilitators, or as we refer to it, "the Bad Boy list" has not been updated until recently. And until recently all of the names on the Bad Boy list weren't people, but entities. On November 15, 2016 that all changed as the IRS added a large amount of individuals (along with a few more entities) to the list. The 47 new names added to the list consist of 40 individuals and 7 entities, bringing the new grand total to 144. The list can be found here: http://ift.tt/2apJDIu In this video, we talk about the consequences of what this means. We also discuss the different programs, options, and penalties associated with each. The mere fact that someone you dealt with is on this the list does not automatically mean you must enter into the OVDP and pay the 50% penalty. If you have not made a disclosure yet and you recognize an individual below it is essential you understand your outcome is highly dependent on implementing the best legal strategy. We recommend you contact us for a first or second opinion. IRSMedic, the Law Offices of Parent & Parent, LLP 888-727-8796 info@irsmedic.com More about our services and fees here: http://ift.tt/1TUcrWR http://youtu.be/sneTBGC_9cw IRS Medic