On December 7th, Eric put up a post entitled FATCA: Facilitating Attacks by Terrorists on Citizens Abroad In that post, he referenced an excellent article out of Lebanon highlighting what I call FATCAs FATAL FLAW – Security (note new link)
If you have not read it, it is MUST READ material for all that are concerned about this seriously overlooked aspect of one of the many unintended consequences of FATCA.
However, we don’t have to wait for FATCA to see how some are already taking advantage of the fear that is being perpetrated across the American abroad community surrounding the IRS offshore jihad. Already the phishing expeditions have begun. You should be aware of them. Roger Conklin sent me this example that he just received via an unsolicited email from the IRS. First tip off that this is phony is that the IRS NEVER uses email for communication with Taxpayers.
Below is an example of the email he received: I have left most typos in place for illustrative purposes. Continue reading