This is from the Canadian Banker’s Association, a flyer to be handed out to customers. All Canadians: this affects you too.
Canadian Bankers Association Declares War On U.S. and Dual Canada U.S. Citizens – Suggest Accounts To Be Closed
The title says it all. It is time to get organized. The Canadian Bankers Association has joined with the IRS in what is nothing less than a declaration of war!
The Bank Secrecy Act and the basis of FBAR
Please help! Is this the basis of the FBAR law? The Secretary of the Treasury shall require reports? Please read and comment (USC 31, IV, 53, ii, § 5314):
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Getting the Message Out….
I think one of the important issues surrounding this whole compliance issue is the need for us to become organized and speak with one voice. It pains me to see people going through anxiety and fear as they desperately file their back returns and FBARs, spending thousands of dollars, with no direction from either Government, lets “sit tight and wait”. Just a bunch of empty words and no direction!
Forget about form 8854: US law establishes a right to unilateral expatriation
A contradiction exists in United States law. On the one hand, the IRS requires former citizens to follow an exit procedure and the State Department requires a $450 fee. On the other hand, earlier law establishes and protects expatriation as a fundamental right.
See also:
Freedom of Emmigration in East-West Trade, USC 19 § 2432 (expatriation is a fundamental right)
Is the taxation of US persons abroad constitutional?
The stalker: divorce from the United States is a messy process
Civil Disobedience, FBAR and Forms 8854 and 8938
The right of expatriation II: The Ninth Amendment
The right of expatriation
Introducing KFOR–solving the US Federal deficit one foreign kitten at a time
Congress is having a hard time balancing the budget and every little bit helps. Peter W. Dunn has learned about a proposal that could seriously reduce the US federal budget deficit.
The term "aggregate" in IRS-speak is fraud commited against US persons
The IRS is using a fraudulent accounting practice, in the spirit of Enron and Bernie Madoff, to expose US persons to increased FBAR fines.
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?
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