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

Will This Black American Woman Be Forced To Renounce US Citizenship?

Will This Black American Woman Be Forced To Renounce US Citizenship?

Kathleen Dameron was born in East St. Louis, MO. She volunteers as a Democratic voter out reach. Out of the thousand of people she has toaked to, exactly no one has demanded Citizenship Based taxation. Yet, here we are. In completely contentious times like these, Democrats, Independents, and Republicans can all agree the US tax code is a dumpster fire. So much so, Kathleen is very close to being forced to renounce her US citizenship. Watch this video to gind out exalty why. Joining is is John Richardson of citizenshipsolutions.ca whose unparalleled expertise offer quite an indictment of US law, alogn with Keith Richardson, advocate for the US person aboard. Parent & Parent LLP 144 South Main Street Wallingford, CT 06492 (203) 269-6699 https://ift.tt/1RfwK1f https://youtu.be/UaTILxfPs0M IRS Medic

US District Court Welcome's IRS new Sec 965 wealth tax. Inside the horrible decision of Moore v. US

US District Court Welcome's IRS new Sec 965 wealth tax. Inside the horrible decision of Moore v. US

The US tax code is so complicated that US Federal Judges are wholly incompetent to adjudicate tax matters. That is the claim. But seriously, how smart should we expect federal judge to be? In fact, the judge who got the result in Moore v US is probably a VERY smart person. But he was no match for the utter density and complete disaster that the US Tax Code has devolved into. The judge was must have been completely oblivious to what he signed on to. Section 965 Transition Tax -What is it really? In 2018, the IRS imposed a tax on foreign corporations based upon assets the foreign corporations held. In this case, the asset tax was the foreign corporations’ Earnings and Profits. But the IRS did not hold the foreign corporations responsible for payment of the taxes, but rather, its US shareholders. It is important to note that “Earnings and Profits” are not the same thing as “Income.” “Earnings and Profits” are assets located on a balance sheet. Meanwhile income is calculated with an income statement. Taxes on assets are called property or wealth taxes. The Court in Moore didn’t even require the taxpayers to receive any money to pay this tax bill. You can be taxed on property that isn’t really yours, in a country where you don’t actually live that you must pay with income you never received. Section 965 of the US. And now we wonder. What could be worst than this? IRSMedic Parent & Parent LLP 144 South Main Street Wallingford, CT 06492 (203) 269-6699 https://youtu.be/BQd6YODiTIg IRS Medic

Fed up with FATCA, FBAR, GILTI. etc? Take this SEAT - Stop Extraterritorial American Taxation!

Fed up with FATCA, FBAR, GILTI. etc? Take this SEAT - Stop Extraterritorial American Taxation!

SEAT is an independent, nonpartisan organization with no affiliation with the tax compliance industry. The mission of SEAT is to provide an educational platform for: individuals, politicians, governments, academics and professionals about terrible effects of US extraterritorial taxation. The imposition of US taxation on the residents of other countries damages the lives of the affected individuals, and siphons capital from the economies of other nations while eroding their sovereignty. Founding Members SEAT was founded by: Laura Snyder (President) Laura Snyder is a Paris based lawyer. She is the international member of the Taxpayer Advocacy Panel (TAP) and a member of the Board of Directors of the Association of Americans Resident Overseas (AARO). Keith Redmond (Treasurer) Keith Redmond is an advocate for Americans overseas, Accidental Americans, and others who are adversely affected by the United States imposing its tax code on tax residents of other countries. He is the founder of the 7000+ member social media group American Expatriates. Karen Alpert (Secretary) Karen Alpert is the founder of Fix the Australia/US Tax Treaty, a group advocating for Australia to stand up to extraterritorial US taxation. She is a finance lecturer at the University of Queensland with experience in the US tax compliance industry. Suzanne Herman Suzanne is both a Canadian and United States citizen at birth. She has lived in Canada since the age of 12 and is a tireless advocate against the unfairness of taxation based solely on citizenship David Johnstone David Johnstone is a United States citizen who has lived in France since 2002. He formerly worked in investment banking in Paris and is now disabled. John Richardson John Richardson is a Toronto, Canada based lawyer who assists US citizens and green card holders living outside the United States. He works with individuals around the world with respect to problems linked to FATCA and US citizenship, including renunciation and green card abandonment. His website is: https://ift.tt/1pShFnD. https://youtu.be/8yqsr8k54HU IRS Medic

Why the Glenshaw Glass Test for Income Is Total Crap and Federal Courts just do whatever they want.

Why the Glenshaw Glass Test for Income Is Total Crap and Federal Courts just do whatever they want.

"Taxation is theft." It's not just a catchy slogan. Rather, even for those who think an income tax isn't theft, this video shows still, how the income tax is defined to include things that aren't income. The test for income comes from Glenshaw Glass, a 1955 Supreme Court case, which defined income as an ascension to wealth, clealry realized over which the taxpayers has dominio. And this test is pretty much ignored. Not so much that the test is crap, it actually makes sense. But how it is it applied dilutes the word "income" into nothingness. Joining tax attorney Anthony E. Parent is John Richardson of citizenshipsolutions.ca. The two give precise examples of how the current application of the law reveals that the income tax is simply a way for the government to confiscate whatever asset they want for whatever reason. Here are some of the games the government plays: Loss limitations Tax periods games Credit limitations Phantom income Losses Currency gains PFICs Transition Tax Expatriation Tax The two also discuss how the test for income is completely ignored when it comes to the Government's pet causes. The 16th Amendment only allowed an income tax. What we have now just isn't. Parent & Parent LLP 144 South Main Street Wallingford, CT 06492 (203) 269-6699 info@irsmedic.om https://youtu.be/qrMoATA2m3E IRS Medic

IRSMedic has job openings for the best US tax professionals around the globe!

IRSMedic has job openings for the best US tax professionals around the globe!

Our business is expanding. We are lookign for US tax professionals with international experience to work remotely. Parent & Parent LLP currently has several job openings. We are looking for tax professionals around the globe with international experience. We are looking for both seasonal workers and full-time team members. If you are a highly motivated individual who also possesses excellent communication skills, this might be for you. As you will play a critical role in our effort to enhance our brand by delighting our clients worldwide. Let’s talk about what you'll bring  - You must possess an active unrestricted credential: Enrolled Agent, CPA, or Practicing Attorney with strong tax preparation experience and extensive knowledge of tax laws  You must possess or be able to obtain any related State licenses, certificates, permits, or bonds.  You must possess an active PTIN, 3 or more years of recent experience preparing federal and state individual 1040 tax returns for clients/customers, using commercial tax preparation software. You possess a working knowledge of Circular 230 Audit experience a plus (IRS and state tax authorities) You are proficient with technology; solid knowledge of computer operations and software  You must have a dedicated reliable hardwired internet connection  You possess strong client service skills - with an ability to interact with clients and team members around the globe with video and audio tools in a way that is professional, friendly, and reassuring.  You have the ability to work in a fast-paced environment with minimal supervision  Critical thinking, problem solving, research skills and determination are key. Knowledge of other countries tax regimes is a plus; Multi-lingual communication skills are a plus  This is a client-facing role; you will be using our state of the art SECURE video and audio communication software. You will not be frustrated with technology issues, but rather, you will be on the forefront of all of the best, most secure IT developments.  You will create high quality client interactions and experiences that instill confidence utilizing your deep empathy, along with your substantial knowledge, curiosity, and expertise in the field of tax preparation and tax resolution.   You will utilize and leverage government websites, professional resources, and team expertise to seek out and deliver the best answers to clients using everyday language  If you love making clients happy all day every day and want to be part of a great team, then you are strongly encouraged to apply. Simply forward a cover letter and email to employment@irsmedic.com and we will get back to you promptly.  Parent & Parent LLP 144 South Main Street Wallingford, CT 06492 (203) 269-6699 info@irsmedic.com https://youtu.be/xMxpaDSlaZI IRS Medic

Tax consequences of an expired (or not) US Green Card: The Twilight Zone Edition

Tax consequences of an expired (or not) US Green Card: The Twilight Zone Edition

Did you know that it is possible for you NOT to have a legal right to enter the US yet still be treated as a US tax resident on your worldwide income? That's right, the IRS can impose taxes and penalties on you - even if you can not legally come into the United States. This is just one of the many absurdities that can result when your earn a US Green Card but are not aware of how all the laws work. In this podcast, Immigration/Tax lawyer John Richardson of citizenshipsolutions.ca and Keith Redmond of American Expatriates 2.0 on Facebook join host Anthony Parent as they discuss some of the most bizarre hypothetical: 1. When it make sense to expatriate for tax purpose 2. Meghan Merkle's and Prince Henry's likely escape from the exit tax trap 3. The 8 year decision point. 4. Other ways you may want to enter in the US aside from a Green Card - it might be the wrong thing 5. What to do if you are not in compliance or are worried about something else. Parent & Parent LLP 144 South Main Street Wallingford, CT 06492 (203) 269-6699 info@irsmedic.com https://youtu.be/bHXdm97I5JI IRS Medic

Can the IRS Exit Tax be retroactive? Does IRC Section 877A go back in time?

Can the IRS Exit Tax be retroactive? Does IRC Section 877A go back in time?

Prior to 2004 a Certificate of Loss of Nationality (CLN) was not needed to renounce ones US citizenship for tax purposes. In 2004, that all changed with a law, Section 877A which now requiresd a CLN There is considerable debate whether or not Section 877A is retroactive in cases where a CLN was not issued. If a the interpretation that 877A is retro-active that would mean many US citizens are missing years of tax returns and foreign reporting. An because they would still be considered US persons, they would need to file Form 8854 and expatriate correctly,y including paying an Exit Tax, if due. One of the top experts, if not the top expert on nationality issues and how they relate the the IRS is John Richardson, Esq. of citizenshipsolutions.ca. John joined host Anthony E. Parent, Esq. of Parent & Parent, LLP a top international tax firm located in Connecticut. With them is Keith Redmond, a global advocate for the American overseas, founder of American Expatriates 2.0 Facebook. The three discuss there conclusions on why 877A is likely NOT retroactive, but why few professionals are willing to say that and give more detail to an article John wrote in 2015 on this subject at Isaac Brock Society https://ift.tt/2E8zaUl Parent & Parent LLP 144 South Main Street Wallingford, CT 06492 (203) 269 6699 info@irsmedic.com https://ift.tt/1RfwK1f https://youtu.be/xfqRLjYMozQ IRS Medic

How to Renounce Your US Citizenship: A Quick Start Guide

How to Renounce Your US Citizenship: A Quick Start Guide

Other Links: Common Questions on Renouncing US Citizenship https://youtu.be/j-ldR0VncF0 Dedicated podcast on answering specific US and hypothetical questions https://ift.tt/2V8jm9p https://ift.tt/1pShFnD American Exptriates 2.0 on FaceBook Https:/www.irsmedic.com https://youtu.be/jPl2QGFsAl8 IRS Medic

Renouncing your US citizenship: Top Questions Answered.

Renouncing your US citizenship: Top Questions Answered.

Questions about renouncing your US citizenship. This video might answer some Joining attorney Anthony E. Parent are Keith Redmond, global advocate oft he America abroad and admin of American Expatriates 2.0 on Facebook, along with attorneys John Richardson of citizenshipsolutions.ca as they answer the most common questions people have about their relinquishing or renouncing their US citizenship FAQs includes: Can you actually renounce your US citizenship? Do you have to renounce your citizenship to become a US citizen? How long does it take to renounce your citizenship? Can you renouncing your US citizenship and still remain in the US? Get you get your citizenship back after renouncing? Can you get a green card after renouncing? Can you get a visa after renouncing? Is giving up a green card the same as renouncing? How do you renounce your citizenship? Does it matter when you made an act? What about taxes? What if you are not in tax compliance and renounce? = Is there a cheaper way to get into tax compliance? What if I don’t qualify for the Streamlined Disclosure Program? What about the US exit tax? If you are born with dual citizenship are you still subject to the exit tax? If you have questions, leave them below in the comments below! https://youtu.be/j-ldR0VncF0 IRS Medic

Share this US Expat Tax Survey far and wide!

Share this US Expat Tax Survey far and wide!

Laura's survey here: https://ift.tt/2UcWju6 Washington DC is full of people inoculated from the horrors of the Congress' laws. We NEED TO MAKE SURE EVERYONE IN DC KNOW THE REAL STORY! Share this incredible US Expat tax survey conducted by Laura Snyder on behalf of the Taxpayer Advocate with everyone you know, including your congressperson. We can't expect any positive changes until Washington actually understands and appreciates the impacts of their current laws. Too often the IRS bears the brunt of the blame. But the fact is, as guests John Richardson, Keith Redmond and Laura mention, often times it is the unelected government bureaucrat that is far more humane and reasonable than Congress. This seems like a failure of our Republic. A potential cure is to blast this survey and the others that support it to Congress all day and night until they finally get it through their thick heads that their dumb tax laws fail to raise revenue, waste resources of the IRS, and terrorize and diminish Americans everywhere. https://ift.tt/39eBDpV https://ift.tt/39eBhQi Thanks to attorney John Richardson of citizenshipsolutions.ca and Keith Redmond, global advocate for the American aboard, you can find him on Facebook at American Expatriates 2.0. Parent & Parent LLP 144 South Main Street Wallingford, CT 06492 (203) 269 -6699 info@irsmedic.com https://youtu.be/v0RIPUCihEA IRS Medic

IRS Form W8-BEN-E discussed and explained

IRS Form W8-BEN-E discussed and explained

How do you fill out IRS Form W8- BEN-E. Even if you are familair with the US tax code, Form W8-BEN-E can challenge even experience tax professionals. In this video, Ryan Socash of KultAmerica discusses advice his tax team in Europe gave him about how to fill out IRS Form W8-BEN-E. Ryan looked at the instructions and thought his tax team made an error. So he and tax Attorney Anthony Parent thought ti would be great to analyse who was right while the two dicusss general questions about IRS Form BEN-E. And you probably can guess who was right (hint: he is a huge fan of our channel). Form W8-BEN-E is a critical tax document used by entities around the world which provide services to their American counterparts. Common reactions to this form include confusion, insecurity, and frustration. However, when handled by a professional Tax Attorney W8-BEN-E is not difficult or expensive to resolve. In this episode of Tax-line, Attorney Anthony parent breaks down the purpose for Form W-8-BEN-E, and offers insight on how to properly complete it with out opening new liabilities. https://youtu.be/mdowoMfeDb0 IRS Medic

IRS Form 3520 and 3520-A Penalty Relief Program: Can it work for your foreign retirement reporting?

IRS Form 3520 and 3520-A Penalty Relief Program: Can it work for your foreign retirement reporting?

Understand that the IRS can not be expected to know the IRS does. At the SAME EXACT TIME the IRS announces a penalty relief program, the IRS still sends out automatic computer generated Form 3520 and Form 3520-A for $10,000 a piece...in error. Even our clients have received these completely wrong penalty notices that we have forced the IRS to take back. But we wonder - does the average taxpayer or tax professional know when the IRS is wrong about Form 3520 or Form 3520-A? In this video, guests tax attorney John Richardson and citizenshipsolutions.ca and Keith Redmond of Americans Expatriates 2.0 join Anthony E. Parent, Esq. and the three discuss the new IRS Form 3520-A Form 3520 penalty relief program (a program the IRS wouldn't need so much if they stopped wrongfully assessing Form 3520 and Form 3520-A penalties) for US taxpayers who have foreign pensions overseas where they live as expats, or had pensions before they came to the US. The new program allows certain taxpayers from having to file an otherwise-required Form 3520 or Form 3520-A. But this only applies for foreign pension and pension like accounts - not for true foreign trusts or foundations. Also there are contribution limits yearly and total to be aware of. Additionally, taxpayers must be in compliance in order to use the program. For help with this program or how to reduce or eliminate your IRS penalty exposure follow the links to IRSMedic.com info@irsmedic.com Parent & Parent LLP 144 South Main Street Wallingford, CT 06492 (203) 269-6699 https://ift.tt/1RfwK1f https://youtu.be/HsAPBYQNF6o IRS Medic