Solving a tax problem with the least amount of pain.

Solving a tax problem with the least amount of pain.

We think we know the answer: With the Total Tax Resolution system by IRSMedic. Every case starts with an investigation. And you know what? Sometimes a case ends there too. Many times our clients overestimate an IRS problem when there could be a simple, straight-forward solution. All it takes is a little bit of diagnosis work and solid communication. And if you do have a complicated issue, it is essential all the key facts are known. You can not implement the best solution is you are not aware of the most pressing issues. https://youtu.be/vO5cIIbfHcQ IRS Medic

How do you solve a tax problem with the least amount of pain?

How do you solve a tax problem with the least amount of pain?

We think we know the answer: With the Total Tax Resolution system by IRSMedic. Every case starts with an investigation. And you know what? Sometimes a case ends there too. Many times our clients overestimate an IRS problem when there could be a simple, straight-forward solution. All it takes is a little bit of diagnosis work and solid communication. And if you do have a complicated issue, it is essential all the key facts are known. You can not implement the best solution is you are not aware of what the total scope of the problem is. https://youtu.be/NkpdQdHMus0 IRS Medic

What a load of ____. More on the IRS and private debt collectors

What a load of ____. More on the IRS and private debt collectors

As required by the FAST Act of 2015 signed into law by President Obama, there are four private debt collection agencies tasked with collecting bad tax debts on behalf of the IRS starting in 2017. They are: 1. The CBE Group of Cedar Falls, Iowa 2. Conserve of Fairport, New York, 3. Pioneer of Horseheads, New York 4. Performant of Livermore, California In this video we discuss exactly why private collections of IRS debt is a terrible idea, and how it it likely the IRS agrees. The biggest beneficiary of this law will likely be the IRS scammers who will pose as collection agencies. The IRS used to claim then never call. They had to chang that statement as now agents of the IRS will call. So now the IRS claims they aren't rude or intimating like IRS scam callers. The large volume of reviews on these four collections agencies is at odds with this claim. https://youtu.be/WFefEs5IG1M IRS Medic

What are the risks of filing an incorrect FBAR?

What are the risks of filing an incorrect FBAR?

Before you file an FBAR, you might want to check that you are filing it correctly as the consequences are staggering. Take our FBAR knowledge quiz here to find out if you have what it take to file an FBAR correctly: http://ift.tt/2nPSHiW https://youtu.be/rsVyD4Sm8_I IRS Medic

YES! The Total Tax Diagnosis can do that!

YES! The Total Tax Diagnosis can do that!

The Total Tax Diagnosis is a powerful investigative and diagnostic tool developed by IRSMedic. Learn what it can do by watching now. What can you save in IRS Penalty Abatement? Can you find out if the IRS is trying to levy you? Can the IRS take your Passport? Can you gt complete customized step-by-step guide to ending your tax problem? What are the best alternatives for you? https://youtu.be/p-AVcFrts7M IRS Medic

What every foreign investor in US real estate needs to know

What every foreign investor in US real estate needs to know

IRS Form 5472 is now required for Foreign-owned Limited Liability Companies (LLCs), which include LLCs that own US real estate. The penalty for not filing a form 5472 is $10,000. Worse, the IRS is now looking to assess this penalties aggressively. But still even worse is that this type of structure will also crate an estate tax obligation should the foreign investor pass away. Learn the risks and what to do by watching this video. https://youtu.be/pLbZX2RE0sA IRS Medic

IRS foreign tax audits: Important updates for 2017

IRS foreign tax audits: Important updates for 2017

Due to massive budget cutbacks and a reduced workforce, the IRS Large Business and International (LB&I) division of the IRS had to radically rethink how to apply scarce resources to compel compliance and increase inbound revenue. In August, we talked about the IRS's International Practice Units (IPUs). The IPUs aren't a group of people, but rather audit modules on how to identify and process issues ripe for large penalties. Since then, the IRS has added more IPUs. Additionally, the IRS launched a series of campaigns. Some of these provide an effective way to lump together as many IPUs as possible in an audit examination. This maximizes the IRS's Return on Investment. These are the 13 newly announced LB&I campaigns: 1. IRC 48C Energy Credit Campaign 2. Domestic Production Activities Deduction, Multi-Channel Video Program Distributors (MVPD’s) and TV Broadcasters 3. Micro-Captive Insurance Campaign 4. Related Party Transactions Campaign 5. Deferred Variable Annuity Reserves & Life Insurance Reserves IIR Campaign 6. Basket Transactions Campaign 7. Land Developers - Completed Contract Method (CCM) Campaign 8. TEFRA Linkage Plan Strategy Campaign 9. S Corporation Losses Claimed in Excess of Basis Campaign 10. Repatriation Campaign 11. Form 1120-F Non-Filer Campaign 12. Inbound Distributor Campaign 13. OVDP Declines-Withdrawals Our position is that the public and the tax profession industry are largely ignorant on how even "simple" international affairs become mind-bogglingly complicated. This position is supported by these campaigns and IPUs which serve to educate IRS auditors who themselves are unaware of what full compliance looks like, and the method by which to legally assess international tax penalties. IRSMedic, the Law Offices of Parent & Parent LLP 888-727-8796 info@irsmedic.com Serving US taxpayers around the world https://youtu.be/A8CWFnwLD6s IRS Medic

The IRS and private debt collections

The IRS and private debt collections

Passed in December of 2015, the FAST Act is a law that requires that the IRS use 3rd party collection agencies to do some of their dirty work. The IRS has said that this will be going live "Spring of 2017". In this video, Attorney Anthony Parent, Attorney Tom Groth (of http://tom.tax/) and Claudine Gindel discuss the top 3 reasons (we may have actually come up with more than 3), on why we think this is a bad idea. 1) They already tried it in the past...and it failed (miserably). 2) The IRS is constantly releasing press releases that "The IRS will never call you, what you are getting is scam calls"...until they actually do start calling people (and their new "verification code" sucks). 3) The reason the majority of the people they are going to try to collect on haven’t paid because they can’t afford to pay. How is a $13/hour call center employee going to magically turn an uncollectable debt into a collectible debt? IRSMedic, Parent & Parent LLP www.irsmedic.com info@irsmedic.com 888-727-8796 https://youtu.be/ruFU6DGhAYE IRS Medic

How long should a Streamlined Disclosure take?

How long should a Streamlined Disclosure take?

Is it possible to have a quality, audit proof Streamlined submission completed in 4 weeks or less? The answer is yes, but in this video, Anthony and Claudine of Parent & Parent LLP, explain why such an aggressive timeline by an experienced offshore tax disclosure firm is likely a bit unlikely. IRSMedic, Parent & Parent LLP www.irsmedic.com info@irsmedic.com 888-727-8796 https://youtu.be/SdG3uw5rePE IRS Medic

Repeal FATCA - an update with Jim Jatras

Repeal FATCA - an update with Jim Jatras

Jim Jatras of www.repealfatca.com joins us today for an update on the fight against FATCA. Under the cover of our new mood lighting, we discuss the basics of FATCA: what the law means, how it came to be, how it’s negatively affecting US taxpayers, and why it’s so stupid. Jim then updates us on the fight he and his team have undertaken to try to get FATCA repealed as there’s been a lot of activity lately. He talks about working with Nigel Green of the deVere Group to rally against FATCA, how the new political climate is affecting the possibility of getting the law repealed, and if he's come across support or resistance to the cause in any surprising places. IRSMedic, the Law offices of Parent & Parent, LLP 144 S Main Street Wallingford, CT 06492 www.irsmedic.com 888-727-8796 https://youtu.be/QQJBDdppnj0 IRS Medic