Why do you say he's the worst, @joebwan? (not my hashtag.) The targeting scandal?" — Meg Shreve (@Meg_Shreve) May 8, 2014 @Meg_Shreve Please read the series of #FBAR blog posts here: http://t.co/3Gwq8pfEdA – Incredible story of #worstcommissionerever @joebwan — U.S. Citizen Abroad (@USCitizenAbroad) May 13, 2014 The above tweet references an excellent series of […]
This is a companion to the earlier post I wrote suggesting why Swiss banks should NOT join the OVDP program for Swiss banks. In this post I argue that individuals shouldn’t join OVDP for people. At the moment that means that nobody should join OVDP. France: October 10, 1789 – Ancestor of #OVDP and #FBAR […]
Zwerner Answers DoJ Efforts To Collect Multiple 50 Percent Civil FBAR Penalties http://t.co/JApqfDpNwp – More damage to @BarackObama #IRS — U.S. Citizen Abroad (@USCitizenAbroad) September 26, 2013 Those interested in the saga of Carl Zwerner – the 86 year old Florida resident – who was assessed multiple year willful FBAR penalties, AFTER having made a […]
Having a license to practise law (bar admission) does not a lawyer make. Admission to the Bar, gives an individual the legal right to conduct oneself as a lawyer. A lawyer operates within a specific construct of ethics and morality. The American Bar Association Model Rules of Professional Conduct make it clear that A lawyer […]
Snapshot in time: Eyewitness account of evolution of Schedule B and the #FBAR Form TDF 90-22.1 from 1981 to 1986. https://t.co/iK9TVakxqP — U.S. Citizen Abroad (@USCitizenAbroad) October 19, 2016 The above tweet references a fascinating discussion about Mr. #FBAR in the early years prior to the “The FBAR Fundraiser“. Interestingly for the years 2003 to […]
#FATCA and #FBAR assault on #Americansabroad is deliberate and willful http://t.co/WaW0owI1c5 – The @BarackObama admin should be ashamed — U.S. Citizen Abroad (@USCitizenAbroad) May 19, 2014 The above tweet references an interesting comment at the Isaac Brock Society which includes: I think you are right. The fact is, even if “the little guys” were not […]
"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 […]
Why there is nothing the IRS can do regain the trust of #Americansabroad http://t.co/VtepCr6PqY too bad – new #RRSP rules are well intended — U.S. Citizen Abroad (@USCitizenAbroad) October 8, 2014 This is a comment on a post at the Isaac Brock Society. @Badger Here is a post that I did in February 2012 titled: […]
Those who went into #OVDP treated more harshly than those who waited for #Streamlined, etc. http://t.co/1eWZEoSH9N – What's the message? — U.S. Citizen Abroad (@USCitizenAbroad) August 5, 2014 A recent post described the unequal treatment under OVDP – that is the reality that “minnows” who entered the program paid proportionately more than “whales” (who the program […]
Originally posted on Offshore Voluntary Disclosure – Critique:
Unequal treatment: Apparently, U.S. taxpayers holding smaller offshore accounts who entered the first IRS limited amnesty program paid proportionately higher penalties. The above chart is the focal point of the GAO Report article
U.S. Persons Abroad - Members of a Unique Tax, Form and Penalty Club 