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