For Green Card Holders with #Offshore accounts relief may be on the way

And from the IRS Commissioner … Tax, Society & Culture: IRS to Unveil Compliance Program for U.S. Expats N… http://t.co/89BYl4Xm8r — U.S. Citizen Abroad (@USCitizenAbroad) June 4, 2014   On June 3, 2014 IRS Commissioner Koshinken in prepared remarks commented on matters of interest to U.S. citizens abroad including: Advertisements

More on Green Card holders and adventures in #FBAR

Green card holders, U.S. citizenship and adventures in #FBAR http://t.co/DB58514o — U.S. Citizen Abroad (@USCitizenAbroad) January 29, 2013 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 […]

To OVDI or not OVDI: The “In lieu of other penalties” consideration

On January 9, 2012 the IRS reopened the Offshore Voluntary Disclosure Program “OVDI”. People should enter OVDI only after an objective discussion with a lawyer who is experienced in U.S. tax compliance issues. Contrary to what at least one tax preparation firm suggests, OVDI is one of a number of compliance options. Although OVDI is […]

The IRS and OVDI: Unintentional manslaughter or intentional murder?

The IRS has proudly trumpeted OVDP and OVDI as successes. Both programs were understood to be attempts to go after “big time tax evaders”, “whales”, U.S. residents who were using “offshore bank accounts” and entities to hide income from the U.S. Treasury. That has been the conventional wisdom up until now. Of course, these programs […]

#IRS provides penalty relief: Isolates Congress and US tax laws as the problems for #Americansabroad

IRS Eases Offshore Voluntary Disclosure Program for Non-willful Tax Evasion http://t.co/10ef7gr5Ej – #OVDP harder and #Streamlined easier — U.S. Citizen Abroad (@USCitizenAbroad) June 18, 2014   One June 4, 2014, I wrote a post speculating that that upcoming IRS amendments to the Streamlined and OVDP programs would likely provide relief for Green Card Holders resident […]

@JoeBwan writes about the shocking story of the #FBAR Fundraiser

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 […]

Cook v. Tait 14: It’s NOT “citizenship-based taxation”, It’s “extraterritorial taxation”

The Cook v. Tait Series of Posts In January of 2013 I began a series of posts to explore the rationale (if there is one) for  “citizenship-based taxation”. I simply cannot understand how the United States of America, a country that once was a leader in human rights, can treat it’s citizens (not to mention […]

Cook v. Tait 13: The US can no longer be permitted to levy taxes on border babies living in Canada

Introduction – The Cook v. Tait Series of Posts In January of 2013 I began a series of posts to explore the rationale (if there is one) for  “citizenship-based taxation”. I simply cannot understand how the United States of America, a country that once was a leader in human rights, can treat it’s citizens (not […]