Review Previous Isaac Brock Society Post and Comments re Boris Johnson, Mayor of London
and then listen to this current interview of Mayor Johnson’s feelings about his own US citizenship (he renewed that US passport in 2012):
The Diane Rehm Show – Interview with Boris Johnson, November 13, 2014, which begs someone to contact him again regarding our existence and his possible assistance in the cause as he is one of them there “Accidentals” having apparently left the US when he was five years old. This will best be a job for someone who can get through the layers of bureaucracy to actually reach and communicate with Mr. Johnson.
IF he’s already sold then the amount of tax he’s incurred depends on when he sold. Before or after the Bush tax cut expired in 2010 (raising the gain rate from 15-20%). Don’t forget that if the sale is very recent, he’d be subjected to the Obamacare tax on high income earners.
Who of us reads the fine print? I just came across a passport renewal form and there is a section asking whether you have done any of the expatriate acts of section 349. I admit to having not read it properly. The passport was the reason my relinquishment was rejected despite 3 oaths of allegiance to the Queen.
I went back to the passport app and read the same thing. But, because of my feeling the need to see my mother before she died, I probably would have signed it even if I read it in the first place. Just curious about something though. You commited several expatriating acts in the oaths you took, and ceased being an American at that point. If you are now, once again an American because of the passport trap, when did that come into effect. Was it when you applied for the passport? Was it when you used it? Or, like me, did they go all the way back and claim you never left? If they expect you to be tax compliant, it would be important to know when the taxes applied to you.
This is interesting;
It certainly is interesting, George. Thanks for the link, highlighting the November 21, 2014 Tax Analysts New Analysis: Will London’s Mayor Enter the OVDP? by Ajay Gupta:
How many here have ever received that?
Here is one other reference we had at Isaac Brock, from Steven Mopsick:
The Tax Analysts piece continues:
And their advice: entering OVDP??? Will that now be the only option for BJ? What about some good US tax law advice about relinquishment from one of his prior acts instead, as Anne Frank suggested? I would love to see how that could work out for him and whether then he would have to back file, etc.
PS: Since I haven’t checked Steven Mopsick’s site in a long, long while, Steven Mopsick has one in which he mentions that the Canadians in http://mopsicktaxlaw.blogspot.ca/2014/06/fatca-enforcement-voluntary-disclosures.html.
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