IRSMedic

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IRSMedic The tax firm for US international tax resolution. Tax attorneys, CPAs and specialists all under one roof and all on your team. Worldwide clientele.

We are always on your side: While we have no problem getting along with the IRS, we would be quite happy if the IRS went out of business tomorrow; we have no loyalty to them. We use our time and expertise to help our clients grow their businesses and reach their full potential. Our loyalty is always for our clients. IRSMedic was designed to tackle the toughest, nastiest, grittiest tax problems and help you succeed in both your live and business.

10/20/2026

Streamlined Top 10 Mistakes, No. 1: Waiting, with no team behind you

The mistake that costs people the most: waiting, and then facing the IRS with no one in your corner.

Three years after submission, your Streamlined filing can generally be considered closed, because that's when the audit period ends. Our clients forget about that date because they have us on their side. Others spend those three years with sleepless nights.

IRSMedic has been with offshore disclosures from the beginning, and we've honed our defenses with litigation support tools like IRSMedic Case Command. We fear no IRS audit or auditor. With IRSMedic, you get audit protection on your Streamlined disclosure, so you can put this out of your mind and get on with your life.

Look before you leap. Our Total Tax Intelligence Report (TTI) starts at $680. For most Streamlined cases, it shows what getting compliant will actually cost: the tax, the penalty, the filings, and what you'll owe every year after. A lot more is possible than people assume.

Request your TTI: https://irsmedic.com/streamlined

That's the full countdown. Catch all 10 on our channel.

10/19/2026

Streamlined Top 10 Mistakes, No. 2: Fixing it the wrong way

Sometimes the fix costs more than the problem. This is the number one issue the industry gets wrong: not every foreign fund is a PFIC. It turns on how the fund is legally organized, and most preparers never check. They see "foreign fund," write "PFIC," and you pay for their shortcut. I've been through a PFIC audit. Successfully.

And while everyone obsesses over PFICs, Form 8621 carries no penalty at all. The real penalty exposure is in Forms 5471, 3520, 3520-A and 8938.

The worst form to file with the IRS is the wrong form. And a form not required is the wrong form.

Look before you leap. Our Total Tax Intelligence Report (TTI) starts at $680. For most Streamlined cases, it shows what getting compliant will actually cost: the tax, the penalty, the filings, and what you'll owe every year after.

Request your TTI: https://irsmedic.com/streamlined

Next up, the No. 1 mistake: waiting, with no team behind you.

10/16/2026

Streamlined Top 10 Mistakes, No. 3: Not counting every cost, including next year's

People jump in to make the problem go away, then get surprised by the bill. And by next year's bill too.

The up-front cost: preparation fees, back tax, interest, and any penalty.

The forgotten cost: once you file Streamlined, you're telling the IRS you'll stay compliant year after year. That means FBARs and foreign forms every year for as long as you have those accounts. No disclosure can be better than a disclosure promising compliance that never arrived.

Look before you leap. Our Total Tax Intelligence Report (TTI) starts at $680. For most Streamlined cases, it shows what getting compliant will actually cost: the tax, the penalty, the filings, and what you'll owe every year after.

Request your TTI: https://irsmedic.com/streamlined

Next up, No. 2: fixing it the wrong way.

10/15/2026

Streamlined Top 10 Mistakes, No. 4: Picking the wrong track

Streamlined isn't one program. It's two, and the difference can be thousands of dollars, or even millions.

The price: Streamlined Foreign carries a zero percent penalty. Streamlined Domestic carries five percent of your highest year-end balance.

The test: to qualify for the foreign track, in at least one of the last three years you can't have had a U.S. home, and you had to be outside the U.S. at least 330 days. Getting one year to qualify for Foreign has saved our clients a fortune.

Look before you leap. Our Total Tax Intelligence Report (TTI) starts at $680. For most Streamlined cases, it shows what getting compliant will actually cost: the tax, the penalty, the filings, and what you'll owe every year after.

Request your TTI: https://irsmedic.com/streamlined

Next up, No. 3: not counting every cost.

10/14/2026

Streamlined Top 10 Mistakes, No. 5: Treating all penalty risk the same

Most people assume Streamlined is the only door. Sometimes it's not even the cheapest one. People assume every account will be penalized 50% of its value, ignoring the IRS's own willful and non-willful FBAR penalty guidelines.

And the FBAR is a different database from the other penalties that may apply. Forms 8938, 3520, 3520-A and 5471 have a different audit period and a different audit process. You need to know your actual, realistic penalty exposure, often on both.

Look before you leap. Our Total Tax Intelligence Report (TTI) starts at $680. For most Streamlined cases, it shows what getting compliant will actually cost: the tax, the penalty, the filings, and what you'll owe every year after.

Request your TTI: https://irsmedic.com/streamlined

Next up, No. 4: picking the wrong track.

10/13/2026

Streamlined Top 10 Mistakes, No. 6: The quiet disclosure psyop

File amended returns or late FBARs on your own, skip the program, and hope nobody notices? From 2009 until about 2014, the IRS claimed it was going after so-called quiet disclosures instead of pushing people into the offshore programs with penalties up to 50% of account value. My firm geared up for those clients. They never showed up, because the IRS never went after them.

Sometimes not doing a Streamlined disclosure is OK. It's not the only tool, and not every case needs intervention.

How do you know what's right for you? Look before you leap. Our Total Tax Intelligence Report (TTI) starts at $680. For most Streamlined cases, it shows what getting compliant will actually cost: the tax, the penalty, the filings, and what you'll owe every year after.

Request your TTI: https://irsmedic.com/streamlined

Next up, No. 5: treating all penalty risk the same.

10/12/2026

Streamlined Top 10 Mistakes, No. 7: Thinking the program is rigid

You read the IRS instructions and thought: this is a box, and I have to cram myself into it. Or I don't fit at all. Not quite. The practice has far more judgment calls than irs.gov lets on. Selecting the correct disclosure years, the correct entity type, treaty positions, and avoiding PFIC classification have saved our clients millions.

A preparer who treats the instructions as a cage tends to pick the most expensive answer every time: higher prep costs, higher taxes, and higher audit risk.

Look before you leap. Our Total Tax Intelligence Report (TTI) starts at $680. For most Streamlined cases, it shows what getting compliant will actually cost: the tax, the penalty, the filings, and what you'll owe every year after.

Request your TTI: https://irsmedic.com/streamlined

Next up, No. 6: the quiet disclosure psyop.

10/09/2026

Streamlined Top 10 Mistakes, No. 8: Oversharing

Every Streamlined filing includes a statement explaining why you didn't report. This is where people talk themselves into trouble. That statement is signed under penalty of perjury, and it has one job: give the facts that show your failure wasn't willful. It's not a confession or your life story. Extra detail becomes evidence, and once it's in front of the IRS, you can't take it back.

Accurate. Complete. Short. Write like Hemingway.

Look before you leap. Our Total Tax Intelligence Report (TTI) starts at $680. For most Streamlined cases, it shows what getting compliant will actually cost: the tax, the penalty, the filings, and what you'll owe every year after.

Request your TTI: https://irsmedic.com/streamlined

Next up, No. 7: thinking the program is rigid.

10/08/2026

Streamlined Top 10 Mistakes, No. 9: Taking advice from AI and generalists

AI repeats the industry consensus, not what the law actually is or how your case would actually turn out. Streamlined work is nuanced and runs on loose IRS policies, and the real-world playbook was never published online. When AI doesn't know, it makes it up, and it always sounds convincing. If your firm can't put AI in its place, you're betting a consensus answer fits your unique facts.

You don't need to gamble. Look before you leap. Our Total Tax Intelligence Report (TTI) starts at $680. For most Streamlined cases, it shows what getting compliant will actually cost: the tax, your realistic penalty exposure, the filings, and what you'll owe every year after.

Request your TTI: https://irsmedic.com/streamlined

Next up, No. 8: oversharing.

10/07/2026

Streamlined Top 10 Mistakes, No. 10: Treating it as a morality play

Unreported foreign accounts are a paperwork problem with known fixes, not a verdict on your character. Shame makes bad decisions: people freeze, hide, or overpay the first person who scares them. You're in good company, and the IRS Streamlined program has been open for 12 years.

Look before you leap. Our Total Tax Intelligence Report (TTI) starts at $680. For most Streamlined cases, it shows what getting compliant will actually cost: the tax, the penalty, the filings, and what you'll owe every year after.

Request your TTI: https://irsmedic.com/streamlined

Next up, No. 9: taking advice from AI and generalists.

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New York, NY

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Monday 8:30am - 5:30pm
Tuesday 8:30am - 5:30pm
Wednesday 8:30am - 5:30pm
Thursday 8:30am - 5:30pm
Friday 8:30am - 5:30pm

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