Month: April 2017
When tax attorneys Anthony and David Parent first started IRSMedic, their focus was on helping businesses and entrepeneurs that had tax problems. In the course of fixing problems, they also learned the best way to avoid tax problems. They grew the firm into something much more than just a tax law firm. The firm … Read more
Watch the Repeal FATCA hearing live April 26, 2017 2 pm EDT on IRSMedic
Claudine and I will be in Washington, DC to support the effort to repeal the Foreign Account Tax Compliance Act (FATCA). Proponents of FATCA claim it assists in tax compliance. But those impacted by the law, many of them our clients, know is it a senseless, mindless absurdity whose human costs far outstrip the trifle revenue its supporters claim it raises.
Penalties for unfiled taxes
Now that April 18th has passed, most people have completed their tax returns and won’t think about taxes again until next year. Most…but not all. What are your options if you haven’t filed taxes?
IRS Notice CP504 – Is a levy really coming?
If you receive IRS Notice CP504, it means you have an unpaid amount due on your account. If you do not pay the amount due immediately, the IRS will seize (levy) your state income tax refund and apply it to pay the amount you owe. So what can you do?
IRSMedic on the Chaz & AJ Show
Anthony recounts one tax nightmare involving an unreported “foreign” account and a holocaust survivor. How he reduced a potential $250,000 penalty down to a $2500. But how he still wanted to fight for less
He also gives some general tax advice to WPLR listeners.
US government helping the Dutch with tax evasion
One of the criticisms lodged against countries complying with the Foriegn Tax Compliance Act (FATCA) is that the relaitionship is one-way. All these countries have forced…