January 2012 – The IRSMedic Community

Offshore Accounts: Common India Fact Patterns

June 27, 2022January 27, 2012 by Anthony Parent

Since the Offshore Disclosure program was announced, nearly every day I speak with an Indian-American wondering what to do, with facts that …

Voluntary Disclosure – What are your options?

June 27, 2022January 24, 2012 by Anthony Parent

If you are an American taxpayer with an offshore foreign bank accounts that you have not reported, you are supposed to” get into compliance” – that is, file missing FBARs and include…

FBAR FAQ: Filing Requirements And What Happens Next

June 27, 2022January 19, 2012 by Anthony Parent

FBAR filing requirements: what purpose do they serve, and why is the IRS in charge of them? When a taxpayer violates the FBAR filing requirements, our FBAR FAQ here shows how it works its way through the labyrinth of the Internal Revenue Service…

Offshore Voluntary Disclosure Initiative: Understanding the Law

June 27, 2022January 13, 2012 by Anthony Parent

The IRS claims that hiding money overseas is one of the top 12 dirty tax scams. According to IRS Commissioner Doug Shulman's press release:

"Illegal scams can lead to significant penalties and interest and possible criminal prosecution. The IRS Criminal Investigation Division works closely with the Department of Justice to shutdown scams and prosecute the criminals behind them."

But what about the majority of people that simply didn't know that disclosing offshore accounts is even a thing? There is a way out of this dilemma using one of the Offshore Disclosure Programs.

Tax Resolution Attorney Anthony Parent Explains How A Short Staffed IRS Will Affect Taxpayers

June 27, 2022January 13, 2012 by Anthony Parent

Anthony Parent, tax resolution lawyer, publishes a new blog discussing the recent reduction in IRS collection personnel, and how it will affect taxpayers.

Wallingford, Conn. – December 26, 2011 – Anthony Parent, founder of IRS Medic, recently wrote an article explaining how recent cuts in …

IRS Offshore Initiatives: Paid For 11 Hours of Federal Spending

June 27, 2022January 10, 2012 by Anthony Parent

The US Treasury spends about 10 billion dollars a day. That works out to about $417 million dollars an hour. So, how many days of revenue did the much – hyped 2009 and 2011 IRS Offshore Initiatives (OVDI) bring in? Hint: Don’t bring a calendar.
DATELINE WASHINGTON: The Internal Revenue …

No Substitute For IRS Attorneys

June 27, 2022January 3, 2012 by Anthony Parent

Attorneys must be capable of solving a taxpayer's outstanding issues with the best possible outcome. That doesn't just mean a rock bottom amount handed over to the IRS or the state. The Attorney must additionally be able to sort out what brought on the matter in the first place.

If you are going to hire an Attorney to help you with your tax issue, make sure they are a Tax Attorney. Only veteran Tax Attorneys understand both the IRS and State Revenue boards which seek to extract money from taxpayers.

Successful Plea agreement no unpaid DRS sales and use charge

June 27, 2022January 2, 2012 by Anthony Parent

Ahmed owned a few gas stations around the state. Let’s just say that his accounting techniques were unconventional. But as we discovered, he actually did report most of his sales. It was just that his record – keeping methods were a conglomeration of various policies and procedures he gleaned by …

Parent and Parent LLP

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