Weigh in here. Does Obama deserve to be elected? This is a moderated debate that is in the opening remarks phase. It will run to closure on June 20th, so there is time to weigh in on his actions which are impacting Americans Abroad so negatively. Here is the comment I just quickly added. I
In case anybody missed this. The Greenback OVDI video described in this post has been removed. Good news!
Please note the following comment by Michael J. Miller: 3. Re: collection in Canada, I’m not sure what would possess a person to sign a closing agreement with the IRS if s/he did not intend to pay, so I’m not sure when it would be relevant. Having said that, if you signed a closing agreement
Greenback Expat Tax News: Short video explains how US expats can benefit from the Offshore Voluntary Disclosure Program…. — Greenback Expat Tax (@GreenbackTax) April 25, 2012 I request that you watch the video described in the above tweet from Greenback Expat Tax Services. Makes me wonder if U.S. citizens abroad have more reason to fear
I have been in contact with a victim of the current IRS OVDI who is living in Europe. I have been asked to share some details of this person’s situation plus a copy of a recent letter that has been received from President Obama. This was written in response to a letter sent to the
To those reading here who are in the OVDI, I draw your attention to this Jack Townsend guest post by Asher Rubinstein, Esq. It has been said that the 2011 Offshore Voluntary Disclosure Initiative (OVDI) corrected many of the hiccups of the 2009 Offshore Voluntary Disclosure Program (OVDP)…… However, as more OVDI cases now head toward resolution,
Cross posted from RenounceUScitizenship The IRS has proudly trumpeted OVDP and OVDI as successes. Both programs were understood to be attempts to go after “big time tax evaders”, “whales”, U.S. residents who were using “offshore bank accounts” and entities to hide income from the U.S. Treasury. That has been the conventional wisdom up until now.
A reader sent me the following e-mail and eventually gave me the permission to publish it earlier this week. The IRS is hammering Canadian residents who they deem to be US persons. All Canadians should be aware of the hazard–that if we allow the IRS to shake down our people who happened to be “United
Tax lawyer Michael J. Miller offers a scenario in a comment: A recent immigrant to the United States, Tom, had an offshore account with $1,000,000–the best manner to going forward is not OVDI!
The IRS uses the threat of severe FBAR penalties to frighten taxpayers into the Offshore Voluntary Disclosure initiatives (OVDI). Thanks to a document uncovered by Showdown, we now know that the IRS is bluffing. This is an example of bad faith.