Client Notice: Are You a U.S. Person? https://t.co/rxusfPWaBp – "If a client believes they may be a U.S. person", consult a U.S. lawyer
— Citizenship Lawyer (@ExpatriationLaw) October 22, 2014
MD Physician Services makes it clear that:
“It is important for clients to be aware that MD is legally obligated to report to CRA (who will notify the IRS) all clients who refuse to disclose whether they are a U.S. person. Clients should also know that conversations with their MD Advisor on this matter are not privileged.
Serious penalties for non-filing may apply even for those who are unknowingly non-compliant about their reporting obligations. The penalties for wilful non-compliance can be severe, including imprisonment.”
The complete article follows: