Legal Immigrants next in line for their #FATCA Whoopin’ from the #IRS

Not only is the problem the draconian penalties associated with the FBAR form, which could reach as high as 300% of a person’s assets, a problem exists in the OVDP (Offshore Voluntary Disclosure Program) plea bargain program, where innocent persons are herded into accepting “only” a 27.5% penalty upon all of their financial assets located in their home country, simply for not having known that they should have filled out a form upon them.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s