FBAR – Citizenship Taxation

If you Decide to Comply, DON’T choose a Homelander Tax Compliance Professional

I was very surprised to receive the following email on Friday evening. I cannot recall ever getting anything like this before. I will not identify the author because it is not proper to publicly share an email without the permission of the sender. It is not anyone I have ever heard of before and IContinue reading “If you Decide to Comply, DON’T choose a Homelander Tax Compliance Professional”

Part 5: Responding to the Sec. 965 “transition tax”: Shades of #OVDP! April 15/18 is your last, best chance to comply!

cross posted from citizenship solutions by John Richardson I suggested to John that some might not understand why a similarity between OVDP and the Transition Tax was being made. He asked me to introduce the post to make sure it was clear that the U.S. government has demonstrated that confiscation is the nameContinue reading “Part 5: Responding to the Sec. 965 “transition tax”: Shades of #OVDP! April 15/18 is your last, best chance to comply!”

Meet the Proposed Commissioner of the IRS – A Welcome Change?

cross-posted from Brock. Politico announced Trump’s nomination Of Charles P. Rettig, including the following excerpts: Rettig, who specializes in settling complex tax disputes between his taxpayer clients and authorities like the IRS, known as tax controversies, has for more than three decades represented clients before the IRS, the Justice Department, state tax authorities and otherContinue reading “Meet the Proposed Commissioner of the IRS – A Welcome Change?”

Dewees 2: Why did he participate in the 2009 #OVDP Horror Show?

cross posted from citizenship solutions In an earlier post I explained why the Canada Revenue Agency assisted the IRS in collecting a $133,000 U.S. dollar penalty on a Canadian resident. The bottom line was that he was presumably NOT a Canadian citizen and therefore did NOT have the benefits of the tax treaty. This postContinue reading “Dewees 2: Why did he participate in the 2009 #OVDP Horror Show?”

When government turns predator

This was the very first post at the Isaac Brock Society, published there on December 10, 2011 by the founder of Brock, Petros. At the time, there was outright terror in the expat community. Horror stories from the 2009 OVDP were coming out. Threats from Shulman (then IRS Commissioner), the media and primarily, theContinue reading “When government turns predator”

FBAR In The Homeland: The Willful FBAR Penalty Requires Proof

FBAR In The Homeland: The Willful FBAR Penalty Requires Proof https://t.co/d8ddsDYwd7 via @taxconnections – Pomerantz chronicles continue — Citizenship Lawyer (@ExpatriationLaw) June 21, 2017 //platform.twitter.com/widgets.js Published by Tax Connections Blog 21 Jun 2017 Posted in FBAR Written by John Richardson This is one more in a series of posts discussing the FBAR rules.Continue reading “FBAR In The Homeland: The Willful FBAR Penalty Requires Proof”

In four years, about 1% of diaspora non-filers chose to come into compliance through Streamlined: IRS

This is cross-posted from Brock. The author, Eric is a long-time writer there who composes excellent analytical posts, particularly concerning the inaccurate numbers of expatriations. There was a discussion today that made me think of putting this particular post up. This post clearly demonstrates that in spite of all the scares – the FBAR FundraiserContinue reading “In four years, about 1% of diaspora non-filers chose to come into compliance through Streamlined: IRS”

#IRS abuse of Americans Abroad – The greater the effort! The greater the punishment!

This post is from the RenouceUScitizenship blog. God, grant me the serenity to accept the things I cannot change, The courage to change the things I can, And wisdom to know the difference. We are now more than two years into the Obama/Geithner/Shulman/IRS assault on U.S. Citizens Abroad. It is commonly accepted that the origin of the assault has been – whatContinue reading “#IRS abuse of Americans Abroad – The greater the effort! The greater the punishment!”

Did Mr. #FBAR really pay a surprise visit to Canada?

cross-posted from citizenshipsolutions The FBAR Chronicles continue … First, A Public Service Announcement – Mr. FBAR Get’s A New Filing Due Date Latest #FBAR filing date is now Oct. 15. Applies even if the 1040 is filed after October 15. https://t.co/3eq1jIICvm — Citizenship Lawyer (@ExpatriationLaw) March 16, 2017 //platform.twitter.com/widgets.js This is one moreContinue reading “Did Mr. #FBAR really pay a surprise visit to Canada?”

What do you Think of the Penalties in These Three Cases of Unreported FBARs ?

Ty Warner <img src="http://citizenshiptaxation.ca/wp-content/uploads/2017/02/Ty-Warner-235×300.png" alt="Ty Warner" width="235" height="300" class="alignleft size-medium wp-image-1977" Ty Warner, founder/owner of the Beanie Babies line, was sentenced in July 2015 for tax evasion.The panel of three U.S. District Court judges gave him 2 years of probation and 500 hours of community service. The sentencing guidelines ranged from 46 months upContinue reading “What do you Think of the Penalties in These Three Cases of Unreported FBARs ?”