The IRS is coming up with a proliferation of new rules and reporting requirements. FATCA legislation introduced Form 8938 to duplicate the Bank Secrecy Acts’ unconstitutional FBAR. Then the US announced both KFOR and FCTR. Now there is a new tax form requiring that man’s best friends of US origin also file a 1040-K9 (NS) (via :@FATCAed):
The IRS will also be introducing line 20b to the revised 1040NS for all Americans abroad. I wonder how ACA (@ACAVoice) will respond to that.
HA HA! Sent to friends who have dogs but are not US citizens. They are lucky to not have to file 1040s.
Would make a great April Fool’s joke! 😉
This is a joke isnt it?
But man – I am SO GLAD I renounced.
@Polly, the addition of the line 20b of 1040-K9 into the 1040NS may possibly be true. Wait for the announcement towards the end of 2014.
This is hilarious! Thanks for some much needed comic relief!
Thank goodness Lucy the Lab was adopted AFTER her mom (me!) got an official CLN just in case the vet, before helping in an emergency, needs to have certification she is only-Canadian. To be absolutely safe, neither Lucy nor my son will be crossing the border with me.
@Calgary411, I was asked about adoption yesterday. Pretty sure it doesn’t convey US citizenship. Even in vitro-fertilized eggs are not considered American citizens unless one of the biological parents is US citizen. So don’t worry about Lucy. The ridiculous expectations of the IRS do not extend to her.
I was glad to be able to give this important information to a fellow Canadian (human) a few weeks ago:
Scary thing is, for a moment i wasn’t entirely sure it was a joke.
@Wren, you weren’t sure that what was a joke?
Oh sure, now you tell me, after I just got the family a new puppy for Christmas, and spent tons of money on toys, crate, vet bills, etc. Why do I keep finding things that are US taxable and reportable, AFTER I’ve done them? I wonder if the kids will tell IRS on me, if I just take her back.
@WhiteKat, we don’t make the rules, we just report them.
Poor US-person puppies! The US consulates will not accept a paw print as a signature on an oath of renunciation so they will all be forced to pay big boneuses to tax preparers to file their 1040-K9s every year … until they go over the rainbow to the big off-leash dog park in the sky. Poor, poor puppies!
Well, that’s one scary form (almost as bad as a regular 1040) but there is some good news. Any balance owing can easily be paid by “direct deposit”!
-my feline companions are in a tizzy
the word from them is that dogs are subject to some US fatcat thingy
they are in a frenzy with worry that they might be next
papers from the vet says they are domestic, lived their entire lives as Canadians
Zorro is a large cat with Maine Coon characteristics
will he be a target because of his genetics
Splash is a perfectly proportioned paragon of feminine beauty
now she wants to go on a diet
will the forms be in the vernacular understood by the common cat
or in some purebred gibberish
should we complain to the CSPCA or will their lordships the local kangaroos hear this case
Cats are so skittish, it will be at least month for them to return to their routine
of eating, and sleeping and chasing each other throughout the apartment
Pingback: New Form 1040-K9 | Beat the rich
Woof!!!
This post was picked up by whatreallyhappened.com — Feb. 28, 07:16. Lots of viewers there. Hopefully they will enjoy digging around Brock when they follow the link here. Learning about US CBT and FATCA should chill ’em to the bones. WOOOOOOF!
@Petros
Excellent humour. I just got back from my R&R and looking at over 300 emails…this is one of the first Sent it on to some friends and one already responded and thought it was real. LOL.
Nice there is still some sense of humour in IBS .. 8 days away from the computer does give one a sense of relief. Will be back on IBS saddle once I go through all the emails.