OVDP Program cross-posted from citizenshipsolutions by John Richardson IRS announces the end of #OVDP: Fascinating tweets from the “OVDP Historians” who compose the tax compliance community IRS announces the end of #OVDP: Fascinating tweets from the "OVDP Historians" who compose the tax compliance community #OVDP: Reactions from the “tax compliance community” (andContinue reading “IRS Announces the end of #OVDP – Fascinating Reactions from the Tax Compliance Community”
Tag Archives: OVDI
The Conscience of a Lawyer and “The FBAR Fundraiser” Revisited
The compliance community leads the @USTransitionTax charge: "TCJA’s transition tax could hit cross-border biz owners" https://t.co/jQwJ1sUomM — U.S. Transition Tax – Subpart F (@USTransitionTax) January 24, 2018 https://platform.twitter.com/widgets.js Many of you may remember this outstanding post (below) from the early days……when the incessant torment was massive fear of “#FBAR penalties.” Compounded by #OVDP, (or #OVDIContinue reading “The Conscience of a Lawyer and “The FBAR Fundraiser” Revisited”
Why the proposed transition tax, if applied to individual U.S. shareholders living abroad, is analogous to the “Offshore Voluntary Disclosure Program
The following was written by John Richardson and is a section of a larger piece yet to be published. I will provide the link at the time it is available and of course, have permission to publish this. When I first read this, two things occurred to me. The OVDP/OVDI process represented aContinue reading “Why the proposed transition tax, if applied to individual U.S. shareholders living abroad, is analogous to the “Offshore Voluntary Disclosure Program”
Seven Simple Points to be Made Re: Transition Tax and CFCs
This comment from the Isaac Brock Society makes basic points to be made with regard to the proposed “Transition Tax” in both the House and Senate Tax Reform Bills. Every expat who knows there are private individuals who are incorporated in their country should be contacting relevant government representatives giving them theContinue reading “Seven Simple Points to be Made Re: Transition Tax and CFCs”
NO Evidence of Intent to apply the “”Transition Tax” to Small Business Corporations of #AmericansAbroad
It appears that we are very likely at a breaking point in this intolerable situation faced by expatriates as regards U.S. application of citizenship-based taxation. Tax reform does not happen often. It is critical that relief for expats occur in the current legislation. Many of us simply will not be around in 30 yearsContinue reading “NO Evidence of Intent to apply the “”Transition Tax” to Small Business Corporations of #AmericansAbroad”
Vulnerable Americans Abroad: Legal Weight of IRS Pubs, Info, FAQs = ZILCH!
An article by Virginia La Torre Jeker JD, at the angloinfo blog This is an excellent post. It clarifies how one can determine what the IRS really can (and can’t) do and in particular, points out how the OVDP program is NOT rooted in law. This is important for those who do not/never did belongContinue reading “Vulnerable Americans Abroad: Legal Weight of IRS Pubs, Info, FAQs = ZILCH!”
The Canada U.S. tax treaty does NOT protect Canadians from U.S. tax liability but does mean that Canada will NOT assist the U.S. in collection!
cross posted from citizenship solutions Can the common law “revenue rule” be used to stop the enforcement of U.S. “citizenship taxation” on non-U.S. residents? What the United States calls “citizenship taxation” is actually U.S. taxation of certain citizens and residents of other countries. The U.S. claims the right to impose full U.S. taxation on theContinue reading “The Canada U.S. tax treaty does NOT protect Canadians from U.S. tax liability but does mean that Canada will NOT assist the U.S. in collection!”
One Couple’s Experience
reposted from Maple Sandbox Posted on August 14, 2012 by johnnb We moved to Canada from the United States in 1968 and received what was then called Landed Immigrant Status. My wife was with me and I was a draft dodger. It became obvious to us after only a couple of years that we wantedContinue reading “One Couple’s Experience”
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”
Transcript of Hearing April 26, 2017 House Committee on Oversight & Government Reform-Meadows
Courtesy of Andrew Grossmann@andygr 28th May 2017 from TwitLonger TwitLonger This is a transcript from the FATCA Hearing held in Washington D.C on April 26, 2017. I think it is interesting to actually read the testimonies that we heard that day. Some of the more striking aspects seem even more shocking and the mistakes stickContinue reading “Transcript of Hearing April 26, 2017 House Committee on Oversight & Government Reform-Meadows”
Citizenship Taxation 