Category Archives: FBAR and reporting

From pig to man, and from man to pig again – Which is which?

This post appeared on the RenounceUScitizenship blog.

animalfarm 

Responding to terrorism – A wonderful article

Does the obsession with “terror” actually create terror?

The article referenced in the above tweet is a “Must Read” for all. To whet your appetite it includes:

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FEARBar – “Foreign Email Account Report” – #Offshore email reporting – coming to an information return near you!

What if the US wants you returned to the Homeland? The conventional wisdom is that there is not much the US can do if you are not within their borders. This is a complicated question. There are at least two issues:

Assuming a violation of U.S. law, under what circumstances will an extradition treaty provide for extradition to the U.S.?

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#IRS abuse of Americans Abroad – The greater the effort! The greater the punishment!

serenity

 God, grant me the serenity to accept the things I cannot change,
The courage to change the things I can,
And wisdom to know the difference.

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More on #IRS abuse of #americansabroad

The following comes from a post at the Isaac Brock Society.

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Coming soon: The #PFIC Memorial in Washington, DC

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 their citizens abroad.

 

 

Roger Conklin: This battle is far from over. In fact it hasn’t really begun.

This post is a “follow up” to an earlier post called: “Why are we so cruel to U.S. citizens living abroad.” That post also referenced the above Twitter Exchange. That post included the following poll:

The preceding twitter exchange identified at least part of the reason for citizenship-based taxation as “Congressional ignorance”. The exchange also referenced the need to get the message to the Ways and Means Committee. With the help of the advocacy of American Citizens Abroad and others Congress received many submissions on the topic of citizenship based taxation. Thanks to AbusedExpat for taking the time to transcribe excerpts from the submissions in comments starting here.

As Patrick Henry notes the comment from Jackie Bugnion of ACA rated a 10 on the “emotion scale” and was a true “Declaration of Independence” for Americans Abroad. Patrick Henry comments that:

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Government confiscation of assets/savings: Let me count the ways!

On March 24, 2013 it was announced that Cyprus will indeed confiscate deposits in private bank accounts to save Cyprus. In other words, the saves will pay for the sins of the debtors.

Making the virtue of “saving” pay for the sin of “borrowing”

Confiscation of assets is a direct attack on the principle of saving!

If you haven’t heard by now, Cyprus has announced the direct confiscation of money in its citizens bank accounts. The announcement was made on a Saturday when the banks were closed. The banks remain closed for a bank “holiday” and the only issue is how and what percent of people’s “after tax” savings will be confiscated from them. As one commentator has suggested Cyprus appears to employing a (contextually) clever “divide and conquer” technique – turning citizens against each other. Those with fewer savings will have less stolen from them and those with more savings will have more stolen from them. What could be more just than that?

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Why we are so cruel to us citizen living aboard?

The title of this post was a Google search term that led to a number of hits.  A search on Bing led to an equally impressive number of hits. (Note that each search revealed results for “why we are so cruel to us citizen living abroad“.) Fascinating question. How can this be? Why is this so?

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Membership has its privileges!

Brilliant tweet referencing brilliant article. Highly recommended!

Some other tweets capturing the reality of U.S. citizenship:

More on Green Card holders and adventures in #FBAR

Amy Feldman has written a second article:

The Perils of Overseas Tax Disclosure: An Immigrant’s Story

It features more adventures in FBAR. It also raises the issue of the (possible) relationship between FBAR compliance and becoming a U.S. citizen.

Here are some comments from another blog

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