Interesting question, of course Secretary Geithner is required by the IRC to publish the list BEFORE Nov 1st however, he may very well violate the IRC once again. Of course the more interesting question is whether not if late the list is still published prior to election day. The last abnormally small list was published on July 27th within the 30 day window. Of course as we have many accounts of people recieving their CLN’s since then we should have a much better idea of the accuracy of the list to begin with.
UPDATE: An even more interesting thing has just occured. The IRS is asking for public comments regarding the burden of filing out Form 8854(The “Exit Tax” Form) as required by the Paperwork Reduction Act. According to notice ONLY 100 people per year fill out Form 8854. What?? Comments are due prior to the December 12th 2012.
(1) Title: Guidance for Expatriates and Recipients of Foreign Source Gifts and Bequests Under Sections 877A, 2801, and 6039G.
OMB Number: 1545-2123.
Form Number: Notice 2009-85.
Abstract: Section 301 of the Heroes Earnings Assistance and Relief Tax Act of 2008 (the “Act”) enacted new sections 877A and 2801 of the Internal Revenue Code (“Code”), amended sections 6039G and 7701(a), made conforming amendments to sections 877(e) and 7701(b), and repealed section 7701(n). This notice provides guidance regarding certain federal tax consequences under these sections for individuals who renounce U.S. citizenship or cease to be taxed as lawful permanent residents of the United States.
Current Actions: There are no changes to the previously approved burden of this existing collection.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households.Show citation box
Estimated Number of Respondents: 100.
Estimated Time per Respondent: 4 hrs., 17 min.
Estimated Total Annual Burden Hours: 420.