Tag Archives: u.s. expats and the irs

OVDI Collateral Damage The Story Must Be Told

Those of you reading this blog are familiar with my conviction that the U.S. has completely abandoned its historical and constitutional roots. Let me be more precise. It is the Government of the United States that is the problem. The country is run by one of two private clubs – I am referring to the Democrat and the Republican parties.  America’s first president George Washington – feared and opposed political parties. In any case, I want to make a specific point: The country and the political process is for the people – not for the politicians, not the IRS, not the political parties, not the mainstream media. November 12, 2011 was the annual celebration of a day for our veterans of armed conflict. During World War II, the allied powers went to war to protect their freedom and liberty from the axis powers. Freedom and liberty is NOT the natural order of the universe. Continue reading

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Expatriating Acts – The Status Of Your U.S. Citizenship

Updated on January 16, 2013

As the Government of Canada gets closer and closer to signing an IGA with the U.S. the issue of who is a “U.S. person” is becoming more and more important. Panic is starting to set in. Those of you who became citizens of another country prior to 1986 may not be U.S. citizens. Whatever you do: do NOT ask an accountant or tax preparer (they don’t have the expertise) or even a tax lawyer (they have a financial interest in your citizenship). The proper person to ask is a U.S immigration and citizenship lawyer.

Enjoy this old post.

Listen to the stories of these two people born in the United States. One of these is Professor Maurice Williams who wrote an interesting letter to Obama. Read the following blog post. These two people may or may not be U.S. citizens.

Renouncing U.S. Citizenship – A Growing Trend

Many people are coming to the conclusion that U.S. citizenship is at best undesirable and at worst dangerous. In the past – people came to America in pursuit of liberty and justice.  There are some who still do. What is new is the large number of people who are interested in “ceasing to be a U.S. citizen”. More and more people are renouncing U.S. citizenship.

But Wait – Maybe You Are Not A U.S. Citizen After All

I started this blog because I believe that there are U.S. expats who believe that they are U.S. citizens when in fact they are not. Even if you were born in the United States, you may not be a U.S. citizen. It is possible that there are people who entered the OVDI program who are no longer U.S. citizens. This is first of a series of posts where I will discuss reasons why you may no longer be a U.S. citizen.   There are many U.S. expats who would be very happy to be in your shoes. Continue reading

McKenna Globe Article – Comments on the comments

Yesterday I posted about Barrie McKenna’s article about American citizens in Canada renouncing  U. S. citizenship. Renouncing U.S. citizenship is a painful decision for many expats. Furthermore, there some expats renouncing U.S. citizenship will be hit with the exit tax. You must learn about the tax consequences of renouncing U.S. citizenship before you do it. As good as the Globe article was the number of comments was astounding. Incredibly 730 comments were posted in 24 hours. The comments were incredibly illuminating – recommend them to you. There is clear anger at the U.S. government. One of the most interesting comments came from the U Continue reading

Globe and Mail – Americans in Canada driven to divorce

Link to Article:

Americans in Canada driven to divorce from their country

This is a desperate time to be a U.S. expat. An “ignorant and arrogant” U.S. Congress (to use the language of American Citizens Abroad) along with Carl Levin, Barack Obama, Timothy Geithner and Douglass Shulman are destroying the lives of American citizens who happen to live outside the United States. It is difficult to describe the state of sheer terror that U.S. expats are living under. The bottom line is that the U.S. is threatening monetary penalties which, if implemented, will force U.S. expats to liquidate their assets (homes, RRSPs, etc.) and pay the IRS. U.S. citizenship is such a liability that there will be a number of marriages (which are already on shaky ground) that will end because the non U.S. spouse will not want to be reported to the IRS. Would you want to be married to somebody if it meant that all of your financial information would go to the IRS? To understand the exact reasons and the how this came about, I encourage you to read other parts of this blog. But, the “bottom line” is what it is. Continue reading

Tax havens and the public good

Note that I do not condone violation of the law. Furthermore, U.S. expats have reason to keep their money outside the U.S. (they have to live). Hence, these thoughts are really directed to U.S. taxpayers who are resident in the U.S. and keep their money outside the U.S.

FATCA is motivated largely by an attempt to make it hard for U.S. taxpayers to keep their money in foreign countries. But, why would any U.S. resident (expats are a different issue) want to keep their money outside the United States?

There is only one answer: tax rates in other countries are less. The United States taxes corporations (at least in theory) at one of the highest rates in the world. The easiest way to end the use of the so called “tax havens” would be to lower U.S. tax rates. At lower tax rates, U.S. tax payers would have:

1. No incentive to leave their money outside the United States; and

2. Every incentive to to avoid the bureaucratic costs of keeping their money outside the U.S.

It’s simple:

The United States should just lower tax rates – let that money come home!

History has demonstrated that when tax rates are lowered, governments take in more tax revenues. But, this if of course too logical for the Levins, Obamas, and Geithners of the world to understand.

Don’t follow through with FATCA – the Berlin wall of the financial system.

The state of your U.S. citizenship

From The War of 1812 To The War of 2012 – America Tries Again!

In 1812, because of grievances against Great Britain, the United States attacked the British Colonies north of the 49th parallel.  These colonies  were to become Canada. The reasons for the attack included: Continue reading

So, You Think You May Be A U.S. Citizen – Think Again!

I never left the U.S. – The U.S. left me!

 

The lyrics to our National Anthem were written by Francis Scott Key, as the British bombed Baltimore, during the war of 1812. On September 11, 2001 the United States was attacked. In a misguided attempt to protect Americans and to punish the guilty, the government passed laws which undermined the very freedoms that America was built on.

John Adams, one of the founders of the U.S. constitution noted that:

.. it’s of more importance to community, that innocence should be protected, than it is, that guilt should be punished.”

Since September 11, 2001 the freedoms of U.S. citizens have and continue to be eroded.

It has become more important that the guilty be punished then the innocent be protected. Continue reading