The IRS is using a fraudulent accounting practice, in the spirit of Enron and Bernie Madoff, to expose US persons to increased FBAR fines.
Category Archives: Issues regarding US persons abroad
Update on possible IRS FBAR relief to Canadians – IRS says no additional relief for Canadians
This is the third post – December 18, 2011 – about the treatment by the IRS of U.S. citizens and dual citizens living in Canada.
Financial Post Article: Questions for Jamie Golombek
Jamie Golombeck has an informative article in the Financial Post, “Americans in Canada still at the mercy of IRS“. Petros asks questions about aspects of the problem that seem to be missing from the article, such as, How the hell is this fair?
The Tax Advocate features Amy Feldman's article
The Amy Feldman article appears on the Tax Advocate website. What could this mean?
Continue reading
From the archive: Did you relinquish? Here are some proofs that the State Department uses
In this conversation, Petros maintains that there are certain actions of US citizens that the State Department gages as determinative of whether a person’s intention is to relinquish their US citizenship or no. These go beyond the stated intention of the person, based upon the concept that actions speak louder than words.
Big News! FATCA to be less onerous for certain U.S. citizens living outside the United States
Renounceuscitizenship has found a news story about the form 8839 which will make the filing threshold much higher and provide relief to many living overseas. Continue reading
Did you relinquish before February 6, 1995? Then you did not have to inform the State Department
See also: Please read this post if your actual expatriation date is before 2004 (Updated)
The blog post on ex post facto stirred up a flurry of e-mails between members of the society. It switched on a light bulb for some that the State Department and the IRS were trying to pull a fast one, and that those who were following rules at the time of their relinquishment were not required to follow the new rules.
Poll: Would you solve your problems – By moving back to the U.S.A.?
In this post, renounceuscitizenship asks who would be willing to move back to the US to avoid FATCA/FBAR discrimination. Please respond.
American Citizens Abroad deserves lots of credit. Their representation of American Citizens Abroad has been passionate. Their attack on FATCA has been:
FBAR spawns new industries and historical events
FBAR – One Small Step For Man, A Giant Step For Mankind!
All important changes, evolutions and inventions in society create new kinds of lawyers and historians. Here are two great posts (seriously you will learn lots from them) that introduce both:
No ex post facto law
The United States of America is creating ex post facto laws by insisting that persons born in the United States who lost their citizenship in the past but failed to inform the State Department are now once again citizens who must file income taxes and FBARs in the United States. The US Constitution clearly forbids Congress and the states from enacting ex post facto laws (Article I, sec. 9-10).