If anyone could use a laugh, I highly recommend watching this episode of Roseanne called “April Fool’s Day.” It’s about dealing with the IRS and I think we can all relate to the sentiment expressed here.
Monthly Archives: March 2012
When Bygones aren't Bygones
Some of you are familiar with attorney Hale Sheppard who has written extensively on FBAR issues. Renounceuscitizenship has provided links to his past writing at Looking for Mr. FBAR – In Search of FBAR fullfilment and Consciousness, which is an excellent post that provides history and back ground for the FBAR. In his post, he refers to Hale Sheppard as the FBAR Scholar for his 2006 work EVOLUTION OF THE FBAR: WHERE WE WERE, WHERE WE ARE, AND WHY IT MATTERS If you are still somewhat hazy on this history, and especially if you are going through the OVDI, this is required reading.
I bring this up as an introduction to Hale, as I recently came across some of his writing from 2008 about the Canadian RRSP. Continue reading
One-man village savings bank in Switzerland
I wonder if this bank will accept deposits from all Swiss residents, regardless of where they were born?
Noli me tangere: An Open Letter to Honourable James Flaherty, Canadian Minister of Finance
A reader has asked me to post the following letter to Finance Minister Jim Flaherty, a warning about FATCA.
Prepared Remarks of Commissioner Douglas H. Shulman before Tax Council Policy Institute 15.02.2012
See: “IRS Newsroom”
I found the following paragraph interesting: “A year ago we actually delayed the opening of tax filing for 6.5 million Americans, from January 14th to February 14th because of late tax law changes. That meant 6.5 million people, including school teachers who wanted to take a deduction for classroom supplies that they paid for themselves, had to wait an extra month to get their refund. In any public policy arena, policymakers should strive to give those implementing a law enough time to do it right.”
So he can be reasonable sometimes and proactively suggest that policymakers ensure that the IRS be nicer to US-based “Minnows” but not to Minnows abroad?
Full Ostrich
I personally think that the folks who try to run and hide are going to get it. The works — fines, possible criminal prosecution and possible deportation from the host country. And it’s so easy to find us. Victoria
A lawyer who presented to a group on the topic of U.S. taxation of Canadian residents recently offered up the colorful phrase full ostrich to describe noncompliant persons whose strategy remains that of keeping on keeping on.
Canadian House of Commons votes to legalize sports betting
United States "overcharging" the Russians: Why the United States needs its expats
The State Department enjoys a multi-billion dollar budget. Why then would Hillary Clinton embarrass the United States in front of the Russian Foreign Minister?
Negative Option Marketing
Is it possible that the U.S. Supreme Court by saying that a person is presumed to have the intent of keeping U.S. citizenship is actually guilty of using negative option marketing. What you may ask is negative option marketing? Here is one definition:
Any males aged between 18-25 who have renounced?
Right before I left the US to go to university my parents filled in the “selective service” conscription card for me that came in the post. I haven’t in all honesty thought anything about it until today.