Monthly Archives: May 2012

Check this out. My question for all is this:

How on the basis of these facts, specifically not knowing about Mr. FBAR in the past, could this be construed to be “willful non-compliance”? Are you saying that the IRS might just make a decision to treat this as willful.? It doesn’t seem to me that in this letter you have:

“now admitted in writing that you are in willful non-compliance with your federal income tax and FBAR filing obligations for the past six years.”

Isn’t the test for willfulness: “The intentional disregard of a known legal duty?” If you don’t know of the duty, how can the disregard be intentional?

This would seem to me to be a very unlikely response from the IRS. If they do respond this way, the outcome is clear:

The word will get out and nobody will ever attempt to bring themselves into compliance again.

Love you hear all your thoughts on this.

Thank you Mr. Mopsick for a very thought provoking post!

https://twitter.com/#!/MopsickTaxLaw/status/204718333680033792

 
I don’t want to belong to any club that will accept people like me as a member — Groucho Marx

 
Over the last day or so, on the Press Release Thread, we have seen perhaps the most sustained and extensive comment so far on the topic of what Isaac Brock Society is and who might speak as representative.

To start with, somewhere in the neighborhood of 350 different persons have posted to Isaac Brock Society by now. Not sorry to lose you probably does not want to count as a “member,” but so far represents an almost empty set. There are 29 persons currently listed as “authors.” Daily traffic runs in a usual range of 4000 to 5000 hits a day, sometimes taking a run up toward a 6000 ceiling. It could be speculated that for every active ongoing commenter there are 100 lurkers. Most days bring forth a handful of first-timers.
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Rush Limbaugh Defends Facebook Co-Founder Eduardo Saverin Over Tax Allegations

Eduardo Saverin Bill Backed By John Boehner

… and, of course, the comments.

Is it not delving into “socialism” to penalize Eduardo Saverin over and above what he is legally paying in exit taxes, so his further wealth gained from capitalism can be used to help pay the debts of the US? Seems he is obeying the law — but, don’t we know, how easily such tax or citizenship in the US be changed to  suit the USA.

Hi friends at IBS.

I am testing an opinion poll on my own blog, which doesn’t have many visitors as I really don’t promote it.  The poll is PollDaddy powered.  Would you help me test this poll?  The first question is obvious: are you for residence-based taxation?  The next one is a multiple choice list of issues and you are supposed to check off all of the issues that upset you.  Not very scientific because I can’t see the total number of votes on the 2nd one, but I thought I would give it a try.  Any suggestions on rephrasing of the points or different points?  Unfortunately, I think I already have the maximum number of questions on the second one.  PollDaddy is limited.  Perhaps I can use something else or write some code later to deal with it. Please test it out HERE