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 post is to explain where the penalty came from in the first place.
Will you walk into my parlour?’ – #Americansabroad and IRS “amnesty” offers in the 2009 #OVDP
It has been widely reported that a U.S. citizen residing in Toronto, Canada since 1971, paid a $133,000 U.S. dollar penalty for failing to file IRS forms disclosing that he was running a business through a Canadian corporation.
How did this fly get caught in the spider’s web?
The Spider and the Fly is a poem by Mary Howitt (1799–1888), published in 1829. The first line of the poem is “‘Will you walk into my parlour?’ said the Spider to the Fly.” The story tells of a cunning Spider who ensnares a naïve Fly through the use of seduction and flattery.
The poem is a cautionary tale against those who use flattery and charm to disguise their true evil intentions.
The Spider and the Fly: Some things never change … https://t.co/GvSvoO7sO5 pic.twitter.com/fZC8pPZGuL
— Citizenship Lawyer (@ExpatriationLaw) August 13, 2017
You are most welcome. It’s important for expats to understand as much as possible and to be as accurate as possible.
Oh, and yes, Happy Reading!!! LOL it’s like chewing rocks trying to understand this stuff.
But I appreciate your answer and I will subscribe to the e news…
The comments were meant sarcastically.
Virginia: Thank you for commenting here! Your blog is one of the most informative sources on this subject on the internet and we are grateful for the light you shine into the dark corners of this incomprehensible tax mess.
@MuzzledNoMore thank you very much for your kind words & taking the time to let me know. I’m very happy my blog is useful to so many people.
Perhaps this has been stated clearly elsewhere but I can confirm, with the OK of Mr. Dewees, that he “..was not a Canadian Citizen during the tax years in question”.
Your blogs are the best I have come across for all the mess with US tax laws on its citizens residing overseas.
@Harrison.super Thank you. I am truly humbled.
If you follow me on Twitter, I tweet my blog posts weekly & you won’t miss anything… @VLJeker
Yes, Satan’s Laws, there is a Virginia. 😉
@EmBee LOL glad to see you can keep your SoH
I think this should be turned into a video… with a sinister narration of the “Spider and the Fly” over a series of images regarding those affected by FATCA.