IRS Offer in Compromise Pre-Qualifier http://www.irsmedic.com In this video, tax attorney Anthony E. Parent of Parent & Parent LLP, the IRSMedic goes over the IRS Offer in Compromise Pre-Qualfier application with real numbers from a client's successful offer in compromise. His client has an Offer in Compromise accepted of $1000 to settle $260,000 in back taxes. According to the IRS Pre-Qualifier the client should have submitted an offer of just $12. Yet --- the Offer of $1000 was rejected by the IRS Offer examiner. The Offer rejected was appealed, and the IRS Settlement Officer wanted $8,000.00 to settle the debt! Even though the Pre-Qualifier said just $12. The take-away lesson is that the Pre-Qualifier is only a lose guide. If you want to get an Offer in Compromise accepted, it really may be worth your time finding someone who gets a lot of Offer in Compromises accepted instead of taking the IRS Offer in Compromise Pre-Qualifier tooo seriously. The IRS Offer in Compromise pre-qualifier is located at http://ift.tt/YXauyh http://ift.tt/1bCjnpT Anthony Parent
Monday, January 20, 2014
Wednesday, January 15, 2014
IRS Offer in Compromise Form 656
IRS Offer in Compromise Form 656 http://www.irsmedic.com Are you looking for IRS Form 656 on irs.gov and all you keep getting is a 404 error? In this video, tax attorney Anthony E. Parent of Parent & Parent LLP the IRSmedic, shows you exactly where IRS Form 656 is hidden. Are you looking for help in filing an IRS Offer in Compromise to settle your back taxes? Then visit our Offer in Compromise blog at http://ift.tt/1gLCPR1 http://ift.tt/1eK4ZMT Anthony Parent
Offer in Compromise problems
Offer in Compromise problems Offer in Compromise problems http://www.youtube.com/watch?v=mSk8UXjj-G0 Anthony Parent
Friday, January 10, 2014
WPMain Training
WPMain Training WPMain Training http://www.youtube.com/watch?v=dJjZPkvSHgI Anthony Parent
Wednesday, December 18, 2013
Part III: The 2014 IRSMedic Guide to Offshore Voluntary Disclosure
Part III: The 2014 IRSMedic Guide to Offshore Voluntary Disclosure http://www.irsmedic.com In Part III of the 2014 Offshore Voluntary Disclosure Guide, Tax Attorney Anthony E. Parent discuses the costs of complying with the various Offshore Program, including attorney fees, along with the some of the risks associated with not disclosing foregin offshore bank accounts to the IRS. In particular 1. The Standard OVDP with 27.5% Offshore penalty 2. The Reduced 12.5% penalty for accounts less than $75,000 3. The Reduced 5% penalty available in a few cases (and the reason why it isn't such a great deal) 4. The Streamlined OVDI with a 0% Offshore Penalty 5. And the opt-out process which has a potential of a 0% Offshore Penalty. Also discussed, are the metrics by which Parent & Parent LLP uses to determine the flat-fee charged for representing clients with offshore accounts. Subscribe to this channel to be alerted to Part IV as soon as it us uploaded. http://www.irsmedic.com/?p=9352 http://www.youtube.com/watch?v=mjg4PBshXzE Anthony Parent
Tuesday, December 17, 2013
Monday, December 16, 2013
2014 Offshore Voluntary Disclosure Guide (OVDP/OVDI) Part 2: Do you need to use the program?
2014 Offshore Voluntary Disclosure Guide (OVDP/OVDI) Part 2: Do you need to use the program? http://www.irsmedic.com In Part II of the 2014 IRSMedic Guide to Offshore Voluntary Disclosure, tax attorney Anthony Parent discusses the OVDP process considerations and more specifically the IRS OVDI FAQs 12-21 here: http://www.irs.gov/Individuals/International-Taxpayers/Offshore-Voluntary-Disclosure-Program-Frequently-Asked-Questions-and-Answers. He answers questions such as, who is eligible to make a disclosure and what to do if you are not (hint:exercise your constitutional right to shut your mouth). What to do if you made a so-called soft-disclosure and your real risk if you did attempt one. He also discussed who DOESN'T need to use the full OVDP: Low-risk expats with unfiled taxes and those with just unfiled FBARS, Forms 5471, 5472, 3250s with no unreported income. Whether or not you can use the OVDP if you are under audit. The IRS FAQ says you can't, but actually you can under one narrow exception. Sure sure to subscribe to this channel to keep abreast of the next upload. http://www.youtube.com/watch?v=Ilt-GZi1nkQ Anthony Parent
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