TIGTA Offshore Voluntary Disclosure Program Findings Contradicted in New Article by IRSMedic.com

The Website Found a Number of Errors in the TIGTA Data and Offered Suggestions to the Administration on How to Correct its Mistakes

WALLINGFORD, CT / ACCESSWIRE / July 5, 2016 / IRSMedic.com, a website owned by Parent & Parent LLP, a renown law firm of tax attorneys and specialists, recently announced the launch of its latest article, “The Treasury Inspector General Takes on OVDP (Don’t Get Too Excited).” The post, which serves as a critique of the Offshore Voluntary Disclosure Program (OVDP) report, addresses the contradictions that the firm found in the administration’s data.

IRSMedic.com acknowledged that TIGTA is comprised of the “good guys” who usually do a “good job at calling a spade a spade,” especially because they conduct an independent oversight over the IRS’ activities and promote economy, efficiency, and effectiveness within the administration. However, according to the blog post, the Treasury Inspector General for Tax Administration (TIGTA)’s most recent report showed the administration’s bias by failing to state facts or the law. Additionally, IRSMedic.com found the report vague because it did not offer certain statistics, discuss the purpose of certain penalties, or conduct proper analyses.

“TIGTA needs to go back and start looking at this from the eyes of taxpayers,” stated a representative of IRSMedic.com, who also launched a video explaining the firm’s stance on the subject. “Many of our clients that have either used the IRS authorized delinquent returns process or streamlined program had some fact that made them no longer have to use any program.”

At this time, IRSMedic.com handles a wide number of cases, including offshore disclosures, FBAR penalty audits and abatements, FATCA issues, and business and payroll tax issues. The company’s clients are subject to attorney-client privilege for any of their cases, and the firm works with customers to ensure that they get the help they seek. Consultations can be scheduled upon request.

Individuals interested in learning more about IRSMedic.com and its work can visit the company’s website for additional information. Readers who wish to keep up with IRSMedic.com’s updates can also subscribe to the company’s Facebook, Twitter, and YouTube accounts.

About IRSMedic.com:

IRSMedic.com is Parent & Parent LLP, a law firm of tax attorneys, CPAs, enrolled agents and tax specialists who all work towards one goal: solving IRS issues permanently. Based in Connecticut, Parent & Parent LLP has clients around the globe. For more information, please visit https://www.irsmedic.com.

Contact:

Claudine Gindel
cmg@irsmedic.com
203 269 6699

SOURCE: IRSMedic.com

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