This topic is such a source of anger and high anxiety that I wanted to comment on this in a separate post. I don’t believe it is possible (without the individual facts) as to whether the RRSP (although in terms of fairness no retirement plan should be included) to treat this as a “one size
News Flash: The United States government is so desperate for cash that the IRS has put the RRSP back into the penalty base for the Offshore Voluntary Disclosure Initiative. You can read about here and at the Serbinski Forum (see comments by Tacova and tsanaha). Imagine that. The United States is now raiding the retirement accounts of
I wanted to make this a separate post so that it doesn’t get lost in the long line of comments.” First, thanks to Mr. Mopsick for willing to post on this blog. He is the only lawyer (as far as I know) who has written complete posts. I thank him for sharing his perspectives. After
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
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.
Commenters on Brock have often pointed out that other countries take a positive approach towards their citizens living outside the country in contrast to the US’ discriminatory policies towards its own. In The Unknown Ambassadors, author Phyllis Michaux does a deep dive into US policies vis-a-vis its citizens living outside the US. Thanks to John
A Tenth Anniversary People often overestimate what they can achieve in one year and underestimate what they can achieve in ten years! From @HelenBurggraf 2016: Isaac Brock Society: Blog of Canadian 'Accidental Americans' becomes global info resource https://t.co/ZZMQObwGmX — U.S. Citizen Abroad (@USCitizenAbroad) December 18, 2021 The Isaac Brock Society was launched in December of
The last words of Orwell … As goes language, so goes the the capacity for critical analysis A trip down memory lane – A Brock post from June 10, 2013 We hold these truths to be self-evident, that all men are created equal, that they are endowed by their creator with certain inalienable rights,
The Obama Legacy What follows is a comment from an individual (since deceased) that appeared on the Renounce US Citizenship blog: Now I understand that President Obama is indeed behind all of this. It is going to be very difficult to be an American Abroad and vote for him. Not that I am against him
Part 1: From the Renounce US Citizenship Blog – CIRCA 2013 – The Enduring Human Need To Live “Form Free” – A bit of Brock Nostalgia Prologue: As we approach March 18, 2020, which is the 10th Anniversary of #FATCA, it's important to remember that what unites all people, of all kinds is: "The Need
