Petros has learned that Steven J. Mopsick made one mistake about Jack and Jill: before paying their OVDI fines, they decide to opt out.
Author Archives: Petros
The mentality of Mordor : Montreal couple Jack and Jill belong to the UNITED STATES / Jack et Jill, un couple montréalais, appartiennent aux ETATS UNIS
Petros responds to Steven J. Mopsick, 30-year IRS veteran latest comment, that some Canadians have probably found that the Overseas Voluntary Disclosure Initiative penalty of 27.5% is actually quite a good deal, since these Canadians are tax cheats and frauds. UPDATE: Steven J. Mopsick responds with a Jack and Jill scenario of a wealthy montréalais couple with a Swiss Bank account.
United States Consulate in Vancouver: Procedures for Renunciation of Citizenship
A reader sent me the Outline of the Process for renunciation at the US Consulate in Vancouver.
Also a reader made the following comment at my post, My April 7 visit to the US consulate:
Isaac Brock Society is the Best PR for Canada Revenue Agency: Open Thread
Best comment of the day goes again to omghe’sstillanamerican who found this ridiculous article about the IRS seeking a new public persona: IRS Seeks Some PR Help. This is an open thread (meaning you can share videos or stories that would be fun for everyone, or whatever you want).
From the archive: Open Letter to the Executive Director of the Society of Biblical Literature
This letter first appeared on December 8 (at the Righteous Investor), a mere four days before the official launching of the Isaac Brock Society.
A letter to the Executive Director of the Society of Biblical Literature, an association with over 8000 members, informing him why the author will not be renewing his membership: The US Federal Government is persecuting American citizens abroad of whom the author is one.
FATCA means Americans will pay more for things like Toilet Paper
FATCA could stand for “For Americans Toiletpaper Costs Alot”.
From the archives: Dialogue with brave Jim_in_Houston
From the archives of the Righteous Investor, December 4, 2011. Petros dialogues with a right-winger; it seems that few US residents, whether on the left or on the right, are sympathetic with the plight of Americans abroad and the masses of expats renouncing their citizenship.
FBAR: On the impossibility of a fair trial for expats
For transporting us beyond Seas to be tried for pretended offences … Accusation against King George in the Declaration of Independence
Miranda Rights, FBAR, and the IRS’s Offshore Voluntary Disclosure
This is a thought experiment regarding the Miranda Rights and how they might properly apply to OVDI and FBAR. If a big boy says to a little boy at school, “Give me your lunch money or I will clobber you on your way home today.” The teacher sees the little boy hand the money over to the big boy. The big boy says to the teacher: “He gave it to me voluntarily.”
UPDATE: Steven J. Mopsick, 30 year IRS Veteran has responded.
New Regulations Clarify How Non-US Banks Will Find And Report US Customers To The IRS: guest post
The Isaac Brock Society does not endorse tax professionals. However, I have been able to provide the following content, with permission, from Moodys LLP, tax advisors blog. It provides a useful summary of what FATCA will require the FFIs to do to detect the accounts of US persons.