A couple of days ago, I posted that former IRS lawyer Steven Mospick has publicly acknowledged the insanity of citizenship-based taxation – a fantastic step in the right direction.
Today, I want to call your attention to the fact that the Taxpayer Advocate Twitter account – @YourVoiceATIRS retweeted the following:
RT @specialreports: Thousands of Americans renounce citizenship out of tax frustration reut.rs/IGJ3Dx
— Taxpayer Advocate (@YourVoiceAtIRS) April 20, 2012
The link in the tweet is to the Atossa article. Click on the link – you will be astounded at how viral her article has become. In fact, her article has even caused us to ask the question: Who is the real Peter Dunn.
Again, this is fantastic news and will continue to raise the profile of this issue. Thank you Nina Olson!
It is fantastic to see that Ms. Atossa’s article has been read at one of the highest levels within the IRS. If Ms. Olson has now read this article you can believe that so have Shulman, Geithner and others who are in the know.
Who would have thought that an article written by a relative novice could have gotten so much exposure?
Yes, great news. My guess is though that those “in the know” won’t see this as a problem. Or, if they do see it as a problem, they will pass the buck to Congress. What is good is that, the message is slowly beginnig to get out that it is now impossible for U.S. citizens to live outside the U.S.
I will be most interested to read the (presumed upcoming) reports of the ACA meetings in Washington.
This is so encouraging!! 😀
Reblogged this on Renounce U.S. Citizenship – Be Free.
I went to @specialreports on twitter (I am now following them if the Tax advocate is!)
I noticed this. Reuters tweeted the story 6 times under different headings. I am not sure if that is a pattern that they follow on all special reports, but they didn’t think once was enough! One of them certainly got the Advocacy attention, which is great!
My guess is though that those “in the know” won’t see this as a problem.
I agree with this. Add to this the FUD that the Big 4 (who enjoy symbiotic relations with the IRS and the big banks) are putting about that expatriating for tax reasons is illegal.
One of the conditions for banks to be fully compliant with FATCA is to ensure that they do not “tip off” the customers as to the implications of FATCA or give them advice as to how to avoid them. If they do, they will be deemed non-compliant FFIs regardless of their other measures. They really did think deeply about the draft regulations and guidelines.
The powers that be go beyond not seeing this as a problem, and see it as a reality of the legislation. By their own measures, they win either way.