Republished with permission. This post was written by Helen Burggraf and originally appeared on October 16, 2020 on the American Expat Financial News Journal website. Another Update October 19, 2020 – The Filing Deadline Is Now October 31, 2020 BREAKING, continued: (FinCEN) has now posted an explanation for its removal of its surprise Oct.16th announcement […]
This 2014 hearing held by the US Senate on Permanent investigations is very interesting.It features Senators Levin and McCain and includes discussion of tax evasion, Swiss banks, tax treaties, FATCA the Offshore Voluntary disclosure programs and more. The logic of the United States is approximately this: Homeland Americans use non-US bank accounts. Americans abroad use […]
Introduction – Looking For Mr. FBAR Attention – as a U.S. Citizen your primary obligation of U.S. citizenship is to: "Report Early! Report Often! Report Everything! Keep a record of what you report!" @VlJeker and @Expatriationlaw go "Looking For Mr. #FBAR": https://t.co/94AXVYZkRl — John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) February 8, 2020 […]
Prologue Last week I received a call from one of the many Americans abroad living (not hiding out) in Canada. He did NOT know about his U.S. tax obligations. Therefore, he has not been filing U.S. taxes. Interestingly, he had a portfolio of U.S. stocks (foreign to Canada) which were providing him with a consistent […]
Thanks to @VlJeker for participating in this video series. Again, the most important question of our age is: "Is it the U.S. citizen or is it the non-citizen that is the source of the problem in the #FBARMarriage?" Your thoughts? https://t.co/SiPJAY4alz — John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) February 7, 2019 Marriage […]
Why the Arthur Bedrosian meeting with Mr. FBAR is important Synopsis: The Bedrosian FBAR case is an incredibly important victory for taxpayers. Judge Baylson first ruled that FBAR “willfulness” in the “civil” context did NOT require knowledge that filing an FBAR was a legal duty (the criminal standard). He then ruled that Mr. Bedrosian’s failure […]
Introduction: Penalty as a part of American Culture "U.S. tax, form and penalty club": Google "IRS penalty as part of American culture" and see a wide range of results https://t.co/eR0QTZ2sOH — Citizenship Lawyer (@ExpatriationLaw) June 25, 2017 The above tweet links to a wide range of examples of America’s culture of penalty. The purpose of […]
Looking for Mr. FBAR This is one more in a series of posts discussing the FBAR rules. The FBAR rules were born in 1970, laid virtually dormant until the 2000s and then were then unleashed in their full “ferocity” on U.S. persons. A good review of the history of Mr. FBAR is here. A discussion […]
#citizide Tweets
Update June 19, 2017: The Department of Justice sued Mr. Pomerantz in Seattle. The purpose of the lawsuit was to get a judgment against Mr. Pomerantz. Interestingly, the Government lost the lawsuit for reasons unrelated to the substance of the issue. The Government failed to plead the facts that it needed to succeed in the […]