This post is an excerpt from a more detailed post at RenounceUScitizenship.
Some ThoughtTweets – ReTweet As You Deem Appopriate:
New IRS procedures for #expats create 2 kinds of #americansabroad 1. Those who renounce 2. Those who hide – isaacbrocksociety.ca/2012/09/01/new…#FATCA
— U.S. Citizen Abroad (@USCitizenAbroad) September 2, 2012
IRS breaches Jan. 2012 promise to #americansabroad by failing to provide procedures for tax and #FBAR compliance – isaacbrocksociety.ca/2012/09/01/new…
— U.S. Citizen Abroad (@USCitizenAbroad) September 4, 2012
New IRS Streamlined procedure for #americansabroad who are not in tax or #FBAR compliance – Jack Townsend – federaltaxcrimes.blogspot.ca/2012/09/irs-in… – Caution!
— U.S. Citizen Abroad (@USCitizenAbroad) September 1, 2012
Newest Offshore #IRS #Amnesty Not for Everyone.It could be another ‘Bait and Switch’ move by the IRS. Trust is gone!onforb.es/RxRIaT
— Marvin Van Horn (@FATCA_Fallout) September 2, 2012
Now two classes of expatriates: the exposed and the hidden. Exposed will “take their lumps”. #FATCA #FBAR #OVDP isaacbrocksociety.ca/2012/09/02/dim…
— U.S. Citizen Abroad (@USCitizenAbroad) September 3, 2012
Another third party analysis the new IRS Streamlined guidelines for #americansabroad – how a US resident sees it: taxes.about.com/b/2012/08/27/a…
— U.S. Citizen Abroad (@USCitizenAbroad) September 4, 2012
How the new IRS streamlined procedures for non-residents can identify #FBAR “Form Crime” – Be careful! federaltaxcrimes.blogspot.ca/2012/09/irs-in… – lawyer needed!
— U.S. Citizen Abroad (@USCitizenAbroad) September 5, 2012
On August 31 the Isaac Brock Society, and Roy Berg of Moodys Tax, reported that the IRS had issued its long awaited compliance guidelines for U.S. citizens and dual citizens who reside outside the United States. This will be of interest for U.S. citizens residing outside the United States who want to come into compliance with U.S. tax laws. What follows are my thoughts on how the new guidelines might affect the “compliance question”. This post is certainly not. and is not intended to be, legal advice (or any other kind of advice). My goal is only to identify considerations that might be worth discussing with your professional advisers. You should begin by reading the IRS announcement which includes a link to the questionnaire. Continue reading
