The Secret Weapon of Hernan Cortez: Aztec Taxation

The Secret Weapon of Hernan Cortez: Aztec Taxation

Hernan Cortez conquered an empire 6,000,000 strong with 508 men, 16 horses, 14 cannon, and some greyhounds. Why? Did Aztecs fear him as a god? Or was it European germs? Or something far more destructive - abusive Taxation? https://youtu.be/8uPqwYOGGQ8 IRS Medic

Marbury v Madison - The Real Explanation: The IRSMedic Project Ep. #6

Marbury v Madison - The Real Explanation: The IRSMedic Project Ep. #6

Law School treat Marbury v Madison as avoid thing. Learn why it is an why constructional review is mostly theater. What would actual Co stituional Review look like? Constitutional Scholar Anthony E. Parent, Esq. gives some answers. https://youtu.be/jMO2CG5rtq4 IRS Medic

1913: The IRS and Federal Reserve Are Hatched. The IRSMedic Project Ep. #4

1913: The IRS and Federal Reserve Are Hatched. The IRSMedic Project Ep. #4

If the first non wartime income tax required an amendment to enact, why didn't the Federal Reserve Act 1)13 require an amendment to Section 8 of Article I of the US Constitution? Does the curse that is John Marshall strike again? https://youtu.be/41J1Qns5rQw IRS Medic

How Marbury v Madison Brainwashes Attorneys. The IRSMedic Project Ep. #3

How Marbury v Madison Brainwashes Attorneys. The IRSMedic Project Ep. #3

John Marshall is the worst Supreme Court Justice of all time. Instead of being worshipped, he should be ridiculed and then ignored. https://youtu.be/Lj4ZECNLLs0 IRS Medic

The IRSMedic Project Episode 2: The Basic Laws of Human Stupidity

The IRSMedic Project Episode 2: The Basic Laws of Human Stupidity

What are the basic laws of Human stupidity? Are they responsible for the world's most miserable tax code? Can stupidity be fixed? https://youtu.be/KginBY9O9b0 IRS Medic

The IRSMedic Project Episode 1: Taxes and Consent

The IRSMedic Project Episode 1: Taxes and Consent

Does the Federal Government have your Consent? What happens if it doesnt? https://youtu.be/jKTZQRM-_ZE IRS Medic

FATCA 2021 Updates: Expats, Renunciation, Recap of call with Rep. Carolyn Maloney

FATCA 2021 Updates: Expats, Renunciation, Recap of call with Rep. Carolyn Maloney

https://ift.tt/2Yfi80P In this video recorded October 1, 2021 special guests Keith Redmond of seatnow.org and John Richardson of citizenshipsolutions.ca join host Anthony E. Parent, Esq. to discuss the past year of international tax reform including: - a conference call with Rep Carolyn Maloney - Difficulties renouncing US citizenship - An honest assessment of the reform effort - Links to seatnow.org. - the lone advocates for residenced-based taxation. - Updates on the Foreign Tax Compliance Act (FATCA) - A possible new channel direction and request for feedback from our viewers. https://youtu.be/AiJJTfkt2Mg IRS Medic

IRS Press Release Analysis Ep. 1: IRS Urges Participants of Abusive Micro-Captive Insurance to Exit

IRS Press Release Analysis Ep. 1: IRS Urges Participants of Abusive Micro-Captive Insurance to Exit

Tax Attorney Anthony Parent is back with a experimental format - IRS press release analysis! So how did our first one go? With a staggering 3334 characters, this IRS press release of April 9, 2021 offers hope in darkness - if you know what to look for. And the lesson of the day: Many times it is the IRS that is deathly afraid of tax compliance. https://ift.tt/3dOY3lO * * * IRS urges participants of abusive micro-captive insurance arrangements to exit from arrangements IR-2021-82, April 9, 2021 WASHINGTON — Internal Revenue Service officials today urged participants in abusive micro-captive insurance arrangements to exit these transactions as soon as possible. The IRS has stepped up examinations of these arrangements and has recently won yet another case in U.S. Tax Court that such arrangements are not eligible for the tax benefits claimed. On March 10, 2021, the U.S. Tax Court held in Caylor Land & Dev. v. Commissioner, T.C. Memo. 2021-30 (2021), that yet another micro-captive arrangement failed to qualify as insurance for federal tax purposes. This decision follows several earlier Tax Court decisions that also confirmed the IRS's determinations that certain micro-captive arrangements were not eligible for the claimed federal tax benefits. In Caylor, the Tax Court also sustained the IRS's determination of accuracy-related penalties and rejected the taxpayer's claim of reliance on tax advice. Taxpayers who engaged in abusive micro-captive transactions are once again encouraged to consult an independent tax advisor prior to filing their 2020 tax returns. Taxpayers should consider exiting the transaction and not reporting deductions associated with abusive micro-captive insurance transactions. "In multiple cases before the courts, judges have held that these 'fanciful' and 'unreasonable' arrangements don't add up to insurance in the commonly accepted sense," said IRS Commissioner Chuck Rettig. "I strongly urge participants in these arrangements to get independent legal advice separate from those who helped steer them into these abusive arrangements." In the past several years, the IRS has ratcheted up its efforts to combat abusive micro-captive insurance arrangements. In 2020, the IRS deployed 12 newly formed micro-captive examination teams to substantially increase the examinations of ongoing abusive micro-captive insurance transactions. The IRS will disallow tax benefits from transactions that are determined to be abusive and may also require domestic captives to include premium payments in income and assert a withholding liability on foreign captives. The IRS will continue to assert penalties, as appropriate, including the strict liability penalty that applies to transactions that lack economic substance. In Notice 2016-66, the IRS advised that micro-captive insurance transactions have the potential for tax avoidance or evasion. The notice designated transactions that are the same as or substantially similar to transactions that are described in the notice as "Transactions of Interest." The notice established reporting requirements for those entering into such transactions on or after Nov. 2, 2006 and created disclosure and list maintenance obligations for material advisors. In March and July 2020, IRS issued letters to taxpayers who participated in a Notice 2016-66 transaction alerting them that IRS enforcement activity in this area will be expanding significantly and providing them with the opportunity to tell the IRS if they've discontinued their participation in this transaction before the IRS initiates examinations. Early responses indicate that a significant number of taxpayers who participated in these transactions have exited the transaction. https://youtu.be/V8-gWhaPlDU IRS Medic