BY: Anthony E. Parent, Esq.
Meet the Expert: Tax Resolution Attorney
Finally got around to uploading my visit with Nick Nanton on “Meet the Experts” which aired around the country in syndication. I had a lot of fun doing this.
Winning against the IRS isn’t as important as removing our clients’ pain. And that’s what I like to talk about.
Nick: Hi, I’m Nick Nanton and welcome to ‘Meet the Experts’. I’ve got an awesome guest for you today, Anthony Parent, who is a tax resolution expert. Anthony, thanks for joining us.
Anthony: Hey, thanks Nick, real glad to be here.
Nick: Awesome, so let’s talk about taxes and tax problems. Many, many people have them so why don’t you tell us a little bit more. I know you’ve got a great, interesting story, you practice in Connecticut. Why don’t you tell us a little more about how you got into the practice and what you did from there?
Anthony: Well, actually I got into the practice by accident. It was one of those things. My dad and I graduated from law school together and we decided to start a practice. And like any practice, we were looking for clients. And we were having some trouble. Then we realized tax problems affect so many people. We jumped in and we started. We’ve been doing it for about 10 years now. And we’ve been having more fun than you can possibly imagine.
Nick: That’s awesome. That’s actually very cool that you said you went to law school with your dad and you told me a funny story about taking tax with your dad
Anthony: My dad, it was his second career. He went to law school at 59 and he went to law school at nights. And I started a year after him. His was a four year program, mine was a 3. We graduated the same day. We took federal income tax together and thanks to his help, I got an A and he did as well.
Nick: That’s awesome. So tell us a little more about your specialty of helping people solve these problems with taxes
Anthony: Well you know, a lot of people try to solve their tax problems by themselves or have their CPA do it, but if you’re not doing it full time, then you can’t really do a good job because you don’t know what a good resolution looks like. It takes a lot of experience of seeing many, many different situations, and the thing is, we got to see if the deal is going to be sustainable for our clients. So many people are willing to take whatever the IRS is going to accept, you know why? Because they are afraid of the IRS. Whatever gets the IRS off the phone or out of your house, that’s what they’ll take… And that’s just not going to help a situation out long term.
Nick: I think you’re absolutely right. Number one, you don’t want your brother in law who’s a divorce attorney to do this for you.
Anthony: Absolutely not. No.
Nick: You don’t want someone who hasn’t done it before. You don’t want to talk to the IRS yourself.
Anthony: Absolutely not, that is a horrible idea. The IRS ROUTINELY tells people the wrong thing. All the time people come in and they said, “The IRS said to do this and I’d be all set. And now the next thing I know my bank account is levied and my employee’s paychecks are going to bounce!”
Nick: Wow! Interesting! Speaking about that, you help people all around the world, but coming back to bank accounts, there are some interesting things with offshore accounts, aren’t there?
Anthony: That’s right. The IRS has really found out a whole lot of information about people with offshore bank accounts. In the news recently we’ve had the UBS Swiss accounts there and the IRS has learned so much information and they have a lot of discovery tools available. They have agents around the world looking for banks for Americans with foreign bank accounts. Now here’s the thing people need to know; if you have a bank account and its worth over $10,000, you HAVE TO report it to the IRS. Even if it doesn’t make money, because otherwise, guess what? You’re breaking the law. And so many people are totally unaware of this. The IRS had a couple initiatives to help people come clean and take the criminal element off the table, but so many people are still completely unaware of that. So we’re really helping these people come clean and not have to worry about any criminal charges with the IRS.
Nick: Yeah that wouldn’t be fun. It’s so funny you don’t think about having money in an account as a criminal thing. I mean, it could be requested to you as someone dies, you might not even know you are committing a crime every day.
Anthony: Right, and its typical of people who immigrated to the US or even a green card holder, who opened an account in France, that’s because they’re French citizens. They’ve moved over here and they weren’t even thinking about it and they didn’t, they had no criminal motive about it whatsoever.
Nick: So anyone who has immigrated to the country or has inherited any money in an offshore account should absolutely talk to you.
Nick: Also, I know it’s a very difficult thing for people to address, when they have a tax problem. Like a lot of people might be watching this and they might know they might have a tax problem and they maybe haven’t filed returns for a few years because they’re really worried about it. Let talk about how to take that pain away because I know the best thing they can do is just call you and just take it off their shoulders. But let’s talk a bit about where they might be right now and how you can, ya know, how you could reassure me that I can make this okay.
Anthony: Well you know, no one dreams of having a tax problem. No one wants to have it; no one really ever wants to hire us. And what we want to do is make the best of a bad situation. Look, you got a tax problem. Why? Because you had a lack of control. We need to put some control back in your life. Part of that is we’re going to need to take a look in your life. What caused this tax problem in the first place? Now how are we going to end it? Now one thing our clients have to learn to do is to get more from less. So we’re going to help them develop a whole bunch of skills so that they can meet their living expenses, pay whatever’s leftover to the IRS. It HAS to be reasonable. And then once the IRS debt is gone, guess what? Now they have all these skills so that they can start saving for their future. So we want to take this bad thing and turn it into the best it can possibly be. And this is really the motivation the IRS provides, the ample motivation to address this and they can’t ignore it any longer.
Nick: And I know that from speaking with you, you can come clean, you can make this right, you can fix years of the wrong things. It’s just, you got to start today.
Anthony: Any problem can be fixed.
Nick: That’s right. Because every day you wait it’s a bigger problem.
Anthony: Right, our options get limited, so the quicker you get to it, the better solution it’s going to be.
Nick: Awesome. So I know there’s some people at home who just can’t wait to get in touch with you. Where do they need to go to, to find out a little more about how they can work with you?
Anthony: Well they can go to my website, www.irsmedic.com, so there is a whole bunch of information there.
Nick: I-R-S-Medic, like doctor, dot com. irsmedic.com?
Anthony: IRSmedic.com, that’s correct.
Nick: Awesome. So hey, thanks so much for joining us.
Anthony: Thanks so much Nick.
Nick: It’s been great having you.