Claudine Gindel

Believe it or not, the IRS Fresh Start Program actually offers some benefits! We’ve used this initiative to help individuals and small businesses around the country and the world settle their an IRS probem. But who qualifies and for what exactly? Read this article to learn what you need to know about the IRS Fresh Start Program.

Obviously, not filing a Form 5471 at all when required to do so can trigger a Form 5471 penalty. But also, any Form 5471 that is filed but that the IRS considers not “substantially complete” may result in Form 5471 penalties. In this article we will discuss what types of mistakes on a Form 5471 could lead to “substantially incomplete” penalties and what you can do to protect yourself from an IRS international audit team that admits it is hyper-aggressive when it comes to assessing Form 5471 penalties.

We are joined today by guest Keith Redmond, an American overseas global advocate to talk about updates on the Repeal FATCA movement, Territorial Taxation for Individuals, and some tax traps for people who are, or are thinking about becoming a US person.

We’re once again joined by Keith Redmond – American Overseas Global Advocate, to speak on common myths about Americans living overseas.

We have many people reach out to us regarding their tax issues. Lately, the most common question we get is, “Should I wait until tax reform passes before I handle my tax problem?” The short answer is “No.” But why?

It’s time to petition Congress to end Citizenship Based Taxation by supporting Territorial Taxation for Individuals (TTFI). We were joined today by Keith Redmond, American Overseas Global Advocate. He brought us up to speed on where things currently stand, and what we can do to support the fight.

**** UPDATE: We learned the the Sixth Circuit denied an En Banc Hearing September 27, 2017. So it’s on the the Supreme Court. **** The US 6th Circuit of Appeals dismissed the Rand Paul/Mark Crawford Foreign Account Tax Compliance Act (FATCA) lawsuit for a lack of standing, claiming that it couldn’t see the damage FATCA has caused. Yet we know the damaged caused is so obvious to everyone — even its supporters — that there has to be a logical way to explain the 6th Circuit’s massive failure to see what everyone knows. One theory is that the FATCA disaster is so massive, like a atomic blast, it temporarily blinds certain observers, making them unable to make use of their faculties. In this article, we will help anyone so confused to make sense of FATCA. We will focus on just one example, just one victim of FATCA, Donna-Lane Nelson. Ms. Nelson is a plaintiff in the FATCA lawsuit. She tells us her story in detail and talks about how FATCA robs opportunity from regular Americans every day.

A couple of weeks ago, we spoke about US tax treatment of Australian Superannuation funds. We received some feedback about how these funds should be treated, and what IRS reporting forms are required. In this video, we reply to the feedback we received.

Anthony and I had the opportunity to speak to Bruce McGuire, the Founder and President of the CT Hedge Fund Association, and also the managing partner at Global Alpha Research. He helped us to understand just how much Hedge Fund investors benefit Connecticut’s economy.