Call us: 888.727.8796
Tax problems solved.
No matter where in the world you are.

IRS Medic Blog

The IRS is improperly and automatically assessing $10,000 Form 3520-A penalties - what to do now

2019-07-16

The IRS has assessed many of our clients and others taxpayers around the globe who might have even correctly filed Form 3520-A and Form 3520 with substantial penalties - often $10,000. What gives? What can be done about this? In this article we will explain many situations in which a Form 3520-A is required so that you can have a good idea if the IRS's penalty assessments are something you should push back on.

Thinking of Getting Your LLC Taxed as an S Corporation? Here’s How to Stay Legal and Compliant

2019-06-27

Business owners who run a Limited Liability Company (LLC) can reduce the tax they pay to the IRS by choosing to be treated as an S Corporation. Known as an “S Corporation Election,” this changes the tax status of your business. It makes you a different type of “tax entity” meaning you need to report on, file, and pay your taxes in a different way. We’ll explain the changes you need to make to stay compliant with IRS rules and the tax code, so you can avoid unpleasant penalties.

Here’s the best way to deal with certified mail from the IRS

2019-06-21

Chances are, you weren’t home when the post office attempted to deliver a certified or letter from the IRS. Chances are, a pink slip was left for you in your mailbox. You might be holding that pink slip in your hand right now. It might be a little sweaty. You might be wondering — Is this bad? Is this good? Is this no big deal? You might question - Am I going to be arrested? Should I pick up the letter? What happens if I do? What happens if I don’t? You probably are very concerned - so read on as we answer as many great questions we can.

EMPLOYMENT PRIVACY POLICY DISCLAIMER
© 2018 Parent and Parent LLP All rights reserved.
Parent and Parent LLP, 144 South Main Street, Wallingford, CT 06492,
Tel. +1.203.269.6699 Fax +1.203.269.0385
IRS Medic: Parent & Parent, LLP
144 South Main Street Wallingford, CT 06492
Phone: (203) 269-6699