By popular request, I am making a separate post on the second of a two part effort by Stephen Mopsick to focus attention on tax justice for U.S. Persons. His first related to American Citizens abroad, and was a posted here.
On his blog, which he just posted yesterday, is his call for tax justice for immigrants as related to FBAR penalties. I know that there are many immigrant who read here but do not comment, and would be interested in seeing this commentary. They might not have been following the references to this post in other threads, so pulling it out for attention. In it he writes:
The Plight of Recent Immigrants to the US: On top of all this, we are seeing an increasingly large number of a new class of people who are wondering how to be compliant with their taxes: recent immigrants to the United States who are otherwise squeaky clean tax compliant citizens who are only now learning that that bank account back home on which they have signing authority, may now be putting them at risk for confiscatory FBAR penalties.
Note: I have not received Steven’s permission to post his commentary in its entirety, so will just provide the link here. I highly recommend it contents for your attention.
