IRS Commissioner Admits: FATCA a total failure.

Attention Global Entrepreneurs and Investors! Is the IRS dragging you down? Text “Wealth” to 818-293-4857. Anthony's firm, Parent & Parent LLP can help end your tax anxiety and frustration right now! We do it all so you can focus on better things. 20 successful years experience in tax planning, tax resolution (including audits!), bookkeeping, asset protection, and offshore disclosures/FBAR help. Everything you need under one roof. Thousands helped!
John RICHARDSON
www.citizenshipsolutions.ca
[email protected]

Keith REDMOND
  / americanexpatriates  
[email protected]

Anthony Parent
[email protected] www.irsmedic.com

A total failure actually may be ranking FATCA too high. The Foreign Account Tax Compliance Actcan't even fail. Rather - at a great cost to the IRS and to taxpayers, FATCA hasn't done anything but terrorize people around the globe and create a massive (hackable) database the IRS can't even use, nor will ever use.

This disaster was readily apparent to any one familiar with the IRS. We are hardly alone in predicting that FATCA would be a massive massive disaster.

And of course, Congress creates a mess and let's everyone else deal with it.

In this episode long time FATCA warriors John Richardson and Keith Redmond join Anthony to discuss Commissioner Chuck Rettig's admission that FATCA is a terrible law that the IRS has no power to actually enforce - other than fairly randomized attacks.