NB:TORONTO Consulate is verifying Social Security Numbers when Applying/Renewing Passports Condors #AKA Bounty Hunters chase “U.S. persons” – FATCA = Modern Equivalent of Fugitive Slave Act All condors MUST assist with the enforcement of CBT law on Americans abroad or face Circular 230 sanctions – just doing their job! Bob Jones on American
#FATCA-Just Another Form? http://t.co/vZVDHXx2Yj Welcome to the Universe of the Condor- “Wonderful World of Forms, Threats and Penalties” — Patricia Moon (@nobledreamer16) November 26, 2014 @USCitizenAbroad posted this comment on Brock but I am giving the comment its own thread so that it is not lost. Even though Canadians rounded up and turned over
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,
Since it’s that wonderful time of the year again, I’m reading the Federal Register a little more closely than usual. Not that this is a chore, mind you: the official notices coming out of Washington, D.C. are quite entertaining. Some of them are even true! Last week, for example, the State Department finally got around
Although both the US government and the Canadian government seem to believe that little can go wrong if and when Canadian financial institutions begin reporting on the banking and investment accounts of all deemed “US Persons for taxable purposes” in Canada. The draconian penalties assessed by the United States for even the smallest mistake is
What if the US wants you returned to the Homeland? The conventional wisdom is that there is not much the US can do if you are not within their borders. This is a complicated question. There are at least two issues: Assuming a violation of U.S. law, under what circumstances will an extradition treaty provide
From ekathmerini.com: Former Defense Minister Akis Tsochatzopoulos was sentenced to eight years in jail and fined 520,000 euros on Monday. … The ex-minister failed to declare 47,000 euros of assets in 2006, 33,000 in 2007 and 20,000 in 2008. Also, he did not notify tax authorities that his wife Viki Stamati, also in custody, bought
While perusing the ever-fascinating Federal Register, I came across this Comment Request from last month, asking for submissions from the public about collection of information under Notice 97-19 and 98-34. What are those, you might ask? Notice 97-19 and Notice 98-34 provide guidance regarding the federal tax consequences for certain individuals who lose U.S. citizenship,
By any reasonable estimate, there’s millions of U.S. persons living overseas, while only 400,000 FBARs get filed per year — but in 2011, the Financial Crimes Enforcement Network (FinCEN) had the audacity to pretend they were getting nearly 100% compliance. The surprisingly-humourous Federal Register has the full story: “Amendment to the Bank Secrecy Act Regulations
Here is information from the Federal Register dates January 26, 2012. Note the penalties. If you are a permanent resident of Canada who has not become a Canadian citizen … http://www.gpo.gov/fdsys/pkg/FR-2012-01-26/html/2012-1567.htm [Federal Register Volume 77, Number 17 (Thursday, January 26, 2012)] [Proposed Rules] [Pages 3964-3966] From the Federal Register Online via the Government Printing Office
