The IRS is using a fraudulent accounting practice, in the spirit of Enron and Bernie Madoff, to expose US persons to increased FBAR fines.
Tag Archives: FBAR
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.
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).
About the Isaac Brock Society
The Isaac Brock Society consists of individuals who are concerned about the treatment by the United States government of US persons who live in Canada and abroad. Continue reading
We can't trust the IRS – But can we trust the accountants and lawyers?
The post is a comment responding to the blog post – IRS issues Fact Sheet For U.S. or dual citizens residing outside of the U.S., to which Petros commented :
They [the IRS] can’t be trusted when they talk about reasonable cause, because they don’t really indicate what reasonable cause is.
FATCA: A ticking time bomb for the economy
Buried in an ostensible jobs bill signed by President Obama last year is a little-noticed job-destroying government regulation that threatens to trigger a massive outflow of capital from the American economy.
See also: FATCA means Americans will pay more for things like Toilet Paper
When government turns predator
Honest US citizens are being turned into prey by the IRS, the victims a hunt for tax evaders. It is the natural, if lamentable, product of the urge to power our Founders warned us against.