Prologue: If you are a US citizen or permanent resident and have been living and working outside the US and investing your savings through a non-US financial institution, you need to learn what a Passive Foreign Investment Company (PFIC) is very quickly. Why? Because the passage of the Foreign Account Tax Compliance Act (FATCA) in
Life planning, Career planning and the Reality of U.S. Citizenship for Americans Abroad including Life Preparation for U.S.Citizen-children of U.S.Citizens & Snowbirds Presenter: John Richardson, B.A., L.L.B., J.D., is a Toronto lawyer and a member of the Ontario Bar. Citizenshipsolutions.ca When: Sunday, November 30, 2014, 6:30 – 8:30 pm Where:Carr Hall, St. Michael’s College,
This is my third post discussing the decision of Sun Life to throw its clients “under the IRS Bus”. The first two posts were: Sun Life Prepares To Turn Clients Over To IRS for Processing – Bitter End to a company with a proud history The Sun Life Betrayal Part 2 – The Possible Consequences
This post appeared on RenounceUScitizenship. @sunlife Throwing ur customers under the Bus are you?It could be some of your own family members who r “U.S. Persons’ bit.ly/12i39fC — Marvin Van Horn (@FATCA_Fallout) December 16, 2012 [https://www.youtube.com/watch?v=rNtIDy78DdE] Once upon a time there was a Canadian life insurance company. It’s name was Sun Life. Sun
Articles on FATCA, CBT, Citizenship matters that have come to our attention during 2017. For 2018 articles, go to Media and Blog Articles Open for Comments. For articles which came to our attention during 2016, go to Media and Blog Articles (2016). For articles which came to our attention during 2015, go to Media and
cross-posted from citizenshipsolutions dot ca So much publicity! So little relevance! The New York primary was this week. Both Donald Trump and Hilary Clinton extended their leads and moved one step closer to their respective party’s nominations. (Mrs. Clinton with the approval of the Democratic Party and Mr. Trump with the disapproval of the Republican
Articles on FATCA, CBT, Citizenship matters that have come to our attention during 2016. For most recent articles (2017), go to this link. For articles which came to our attention during 2015, go to Media and Blog Articles (2015). For articles which came to our attention during 2014, go to Media and Blog Articles (2014).
[This is from the September 14 2015 Tax Blog on www.taxconnections.com] “How To Live Outside The United States In An FBAR And FATCA World” by John Richardson “When in Rome, live as a Homelander” does, when elsewhere, live as they live elsewhere. Introduction: Americans abroad are constantly told that they should “come clean”. They should
Yoo Seung-jun, a 1990s South Korean pop star whose career came to an abrupt halt in 2002 after he renounced his citizenship — in what much of the public saw as a well-planned effort to avoid conscription — and was denied re-entry into South Korea upon his next arrival, recently asked to be allowed to
A recent comment by calgary411 reminds us of a truly bizarre problem in U.S. diaspora policy. Much unlike the problems with tax paperwork and FATCA-related bank account denials — which could be largely ameliorated by mere executive fiat, and totally resolved by ordinary House bills — this problem might not be fixable by anything short
