Watchdog slams IRS for alienating expats, Barrie McKenna
Some of the readers of Barrie McKenna’s new article, Watchdog slams IRS for alienating expats, are still unhappy. But I thanked Mr. McKenna for telling this very important side of the story:
Some of the readers of Barrie McKenna’s new article, Watchdog slams IRS for alienating expats, are still unhappy. But I thanked Mr. McKenna for telling this very important side of the story:
I thought I would take a few moments and talk about how all these issues impact U.S. spouses of foreign nationals living outside the U.S. I’ve seen this addressed in other places but from the comments I see it’s usually about how the foreign spouse will suffer because he/she married an American. Believe me, it
In his book Beyond Citizenship: American Identity After Globalization Peter Spiro takes a good hard look at what citizenship is worth in the world today. He concludes (a bit reluctantly I think) that: Becoming a citizen entitles one to little more than the right to vote, eligibility for some public benefits programs, and freedom from
This post has been cross posted from renounceuscitizenship. See also: OVDI Switcheroo: Canadian RRSP back in the penalty base Re: OVDI Switcheroo: Canadian RRSP back in the penalty base Those who entered OVDI understood (hopefully) that they were paying a fine based on a percentage of a base of assets. Obviously the lower the base, the lower
I received this from Just Me: ML, First of all I am sure you have already seen the spat of stories about the VDP, so won’t belabor it here.. However, earlier today I found some other interesting comments /stories which are below. I conclude with something I posted at the WSJ. [Just Me]
This is cross posted from the RenounceUScitizenship blog. “Trust is like a vase.. once it’s broken, though you can fix it the vase will never be the same again.” This post should be read with a previous post: “The taxpayer, the IRS and the “professionals” – where to go from here“. This post will suggest
In looking back to President Carter’s amnesty of Viet Nam War draft dodgers, I have a profound sense that he made the right decision. His presidential pardon set free hundreds of thousands from the fear of prosecution. Andrew Glass at the Politico wrote the following:
This post is also on the RenounceUScitizenship site. Yesterday I wrote a post describing why FBAR and FATCA will make U.S. born children unadoptable. After all, they carry with them U.S. tax filing and reporting obligations. The general toxicity of U.S. citizenship is such that non-U.S. citizens will NOT wish to risk financial involvement with
Just Me sent me the following OVDI story from Jack Townsend’s blog: Anonymous said… I moved outside the US as a poor student, never having had enough money necessitating acquaintance with Schedule B.
The IRS is using a fraudulent accounting practice, in the spirit of Enron and Bernie Madoff, to expose US persons to increased FBAR fines.