This post appeared on the RenounceUScitizenship blog. 2012 – Wegelin – Sowing The Seeds of U.S. Terror Wegelin's Fall to Tax-Haven Poster Child http://t.co/MgsdWsERwm – thought it was out of the reach of US bc it had no branches in the U.S. — U.S. Citizen Abroad (@USCitizenAbroad) December 14, 2013 This article includes: Two months
I have been in contact with an Indian Immigrant living on U.S. shores who has had the unfortunate experience of joining the OVDP to correct past form filing errors. I have been asked to solicit help from any Tax Practitioner or OVDP graduate. She is looking for examples from previous OVDP victims where funds have been
This post appeared on the RenounceUScitizenship blog. DOJ announces new #OVDP program for Swiss banks that allowed US clients http://t.co/JM99xytMt7 – Banks pay fine based on % of deposits — U.S. Citizen Abroad (@USCitizenAbroad) August 30, 2013 The title of article by Lynnley Browning is: “Swiss on agree on penalties for banks that aided tax
@Mopsicktaxlaw update on #OVDP with comments on #americansabroad http://t.co/UF2KxmFI1d – Crucial to understand your #FATCA + #FBAR facts — U.S. Citizen Abroad (@USCitizenAbroad) July 27, 2013 This is a must read for anybody considering cleaning up past problems. Anybody who is still thinking of entering OVDP should think long and hard. This thoughtful post ends
House and Senate committee hearings on #IRS screening of Tea Party tax-exempt applications set for May 21bit.ly/13G2Jkr #OVDP — U.S. Citizen Abroad (@USCitizenAbroad) May 21, 2013 The investigation into the IRS continues on May 21/13 (Senate) and May 22/13 (House). This is basically a continuation of what started on Friday May 17/13. What was interesting
David Kestenbaum who writes for NRP’s Planet Money will be airing a story tonight on NPR’s “All Things Considered” based upon interviews he has done with people that have joined the IRS OVDP / OVDI starting back in 2009. I was one of several that he interviewed including some others who have posted here at IBS like @NotThatLisa and
On Friday, the Government Accountability Office released a new Report to Congressional Requesters on “Offshore Tax Evasion”, which warns that the “IRS Has Collected Billions of Dollars, but May be Missing Continued Evasion”. It provides more in-depth information about the characteristics of OVDP participants, and also reveals some details about the treatment of (and government
Cdn tax cheats come clean amid close scrutiny of #offshore havens soa.li/erGtyKh – Only payment of back taxes no penalties #FBAR — U.S. Citizen Abroad (@USCitizenAbroad) April 15, 2013 Taxpayers who disclose unreported income under the program not only avoid penalties and legal action, but the Canada Revenue Agency routinely waives partial interest on the
IRS Yanks OVDPDeal From Taxpayers With Secret Bank Leumi Accounts – Forbes onforb.es/VMlXCI – Kicks those previously accepted out! — U.S. Citizen Abroad (@USCitizenAbroad) March 7, 2013 The Internal Revenue Service this week sent faxes to tax attorneys nationwide informing them that clients who were previously accepted into its criminal amnesty program for those
Cross posted from RenounceUScitizenship Well, at least according to former IRS lawyer and Florida based lawyer Richard Lehman. This video is worth the hour it will take to watch. Those considering a FATCA IGA with the U.S. should watch it as well. It explains how: If Canada enters into a FATCA IGA, it will help
