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 name
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 http://www.citizenshipsolutions.ca/2018/03/17/irs-announces-the-end-of-ovdp-fascinating-reactions-from-the-tax-compliance-community/ #OVDP: Reactions from the “tax compliance community” (and others who tweeted) to the termination of OVDP (Note: For the purposes of this post I will
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
In the five season series Breaking Bad, Walter White earns an untold amount of cash through the production of blue crystal methamphetamine. In order to launder this money, his wife, Skylar, insists that they buy a car wash, through which she produces false invoices for cash sales. But in this scene Skylar shows Walt the
Note: Further update September 15, 2014 introducing the idea of “Third Party Confiscation”. Updated September 12, 2014 – Reader comments of “indirect confiscation added” – if you can think of more, please add them to the comments and I will add them to the post. Thanks: NotAmused and Mark Twain. American shakedown: Police won't charge
Have you all seen the new Statement from John Koskinen? Is the IRS finally doing the right thing?? I am still digesting, but wanted to get this up as a post before I settled into analysis mode. Statement of IRS Commissioner John Koskinen June 18, 2014 Today we’re announcing a number of important changes to our
I’d been meaning to post this earlier, but the Government Accountability Office produced another OVDP report in February: “IRS’s Offshore Voluntary Disclosure Program: 2009 Participation by State and Location of Foreign Bank Accounts”. This was in response to a request by Carl Levin, and follows up on their previous demonisation of people who don’t want
Social Security, Treasury target taxpayers for their parents’ decades-old debts Do we need to look any further for confirmation that the United States has become a criminal enterprise? Now it has started to assess debt based upon the alleged overpayment their parents’ Social Security 10 to 40 years in the past, and then confiscating the
According to the latest news, Americans with Israeli bank accounts could face troubling tax season, the Swiss “Program” is now being forced upon Israel. Citizens of Israel living in Israel are now being pressured or forced into OVDP so that their retirement savings can be cleaned up by attorneys and US money grabs. Here are
From the RenounceUScitizenship blog. This is a companion to the earlier post I wrote suggesting why Swiss banks should NOT join the OVDP program for Swiss banks. In this post I argue that individuals shouldn’t join OVDP for people. At the moment that means that nobody should join OVDP. France: October 10, 1789 – Ancestor
