Your conclusion is: “All of these tax compliance rules begs a very important question for a USC who is considering renouncing their U.S. citizenship. The issue arises if they have had investments in PFICs during the last five years. “If the USC has not been complying with IRC Section 1297 regarding PFICs, how can the […]
Future generations will visit the #PFIC memorial in Washington – a monument to the destruction of #americansabroad http://t.co/QpOsKbSuVL — U.S. Citizen Abroad (@USCitizenAbroad) April 24, 2013 I have never met a Homelander who would believe the story referenced in this tweet. Q. What do the U.S. and Eritra have in common? A. They both terrorize […]
Prologue: If you are a US citizen or permanent resident and have been living and working outside the US and investing your savings through a non-US financial institution, you need to learn what a Passive Foreign Investment Company (PFIC) is very quickly. Why? Because the passage of the Foreign Account Tax Compliance Act (FATCA) in […]
The following comment was on the ACA Facebook page: I say with every ounce of facetiousness I can muster up: Every government of the world should stop letting Americans come to reside in their country. Eventually the ones that have slipped in before the draw bridge was raised will die off, leaving each country sanitized […]
What follows is the full text of the Facebook post referenced in the above link. Really now, it’s time to understand that taxation is NOT the price you pay for Government services (or certainly not civilization). It’s something you are required to pay to support the Homeland. Homelanders abroad, Accidental Americans and other dual citizens, […]
Because of Obama Bromance, Trudeau wants Canadian sovereignty to be a relic of the past (perhaps a past that included the years PET was PM) https://t.co/2pssGY6E5V — U.S. Citizen Abroad (@USCitizenAbroad) November 15, 2016 Justin Trudeau’s pre-emptive decision to tell one of the planet’s most voracious deal-makers that Canada is willing to renegotiate the North […]
Why should the taxation of #Americansabroad depend on which country they emigrate to? http://t.co/sbOV30YWHH – Canada vs. New Zealand — U.S. Citizen Abroad (@USCitizenAbroad) February 7, 2015 The above tweet references the following comment at Robert Wood’s blog. The comment includes: Tax loopholes? You must be joking Robert! Pity the poor US Slave (sorry, Citizen) […]
This post originally appeared at the Isaac Brock Society. Updated November 3, 2014 – Readers are strongly encouraged to read the comments as well. One must remember that Streamlined and OVDP are programs which have been invented by the IRS. They are not found in the Internal Revenue Code. Consequently this post should be read […]
"But, ain't that America – home of the free – ain't that American – something to see" http://t.co/tT5hrpTyah — U.S. Citizen Abroad (@USCitizenAbroad) October 26, 2014 Law Lets I.R.S. Seize Accounts on Suspicion, No Crime Required http://t.co/mSYmvSxwNS – actually nothing whatsoever is required. — U.S. Citizen Abroad (@USCitizenAbroad) October 26, 2014 Confiscation of assets […]
#Americansabroad are not tax evaders. The U.S. is a tax invader and that's a #FATCA http://t.co/W6HC8oX0rP — U.S. Citizen Abroad (@USCitizenAbroad) August 18, 2014 What follows is a comment ot a rencent Robert Wood post. This is a “must read”. UrbanNomad 21 hours ago I was born in California to foreign parents who were […]
U.S. Persons Abroad - Members of a Unique Tax, Form and Penalty Club 