U.S. Citizens in Canada InfoShop

Archive for August 2011

2011 Aug 31 – IRS Should

 
IRS should lighten up on Americans living in Canada [editorial]
Vancouver Sun (31 Aug 2011) A14


http://www.vancouversun.com/news/Editorial+should+lighten+Americans+living+Canada/5333513/story.html

The editorial calls for leniency from the IRS and commends Canadian refusal “to take part in this witch hunt.”
 

Written by usxcanada

31 August 2011 at 6:00 am

2011 Aug 30 – Uechi

 
Jenny Uechi
Deadline for disclosure
Vancouver Observer (30 Aug 2011)


http://www.vancouverobserver.com/politics/news/2011/08/30/deadline-disclosure

The Sept 9 OVDI deadline approaches. Two personal stories: Dawn C. in Vancouver “never lived or worked in the U.S.” Clarissa came to Canada in 1975, became a citizen in 1980, and has a single-nationality Canadian husband. Tax accountant Steve Flynn points to the option of quiet disclosure with risk of review or audit.
 

Written by usxcanada

30 August 2011 at 6:00 am

2011 Aug 27 – Sullivan

 
Paul Sullivan
Voluntarily disclose your offshore accounts, or else
New York Times (27 Aug 2011) B5


http://www.nytimes.com/2011/08/27/your-money/taxes/for-the-2nd-time-voluntarily-disclose-your-offshore-accounts-or-else.html

Sullivan describes two options from the perspective of US residents — “join the program or go it alone and take your chances” — and three groups that would benefit from OVDI: (1) offshore inherited money (2) offshore accounts (3) willful offshore tax evasion.
 

Written by usxcanada

27 August 2011 at 6:00 am

2011 Aug 26 – IRS Sweep

 
IRS sweep: U.S. citizens victimized
Windsor Star (26 Aug 2011)


http://www.windsorstar.com/news/sweep/5310072/story.html

CRA will not enforce US penalties in Canada. “The gall of the U.S. government is astonishing, as is its intended reach.”
 

Written by usxcanada

26 August 2011 at 7:00 am

2011 Aug 26 – Johnson

 
Kevin Johnson
Going quietly into the night may not be the best idea for U.S. citizens living abroad
Forbes (26 Aug 2011)


http://www.forbes.com/sites/irswatch/2011/08/26/going-quietly-into-the-night-may-not-be-the-best-idea-for-u-s-citizens-living-abroad/

“The IRS has indicated that it will be looking for individuals who make quiet disclosures and will audit those individuals.” Consequently, a 5 percent penalty under OVDI may offer less risk.
 

Written by usxcanada

26 August 2011 at 6:00 am

2011 Aug 25 – Americans

 
Americans in Canada may be unknowing tax evaders
CBC News (25 Aug 2011)


http://www.cbc.ca/news/canada/windsor/story/2011/08/25/wdr-taxing-americans-living-in-canada.html

Windsor professor Christina Simmons has lived in Canada for 25 years and is now trying to become compliant with US tax requirements.
 

Written by usxcanada

25 August 2011 at 6:00 am

2011 Aug 25 – Welch

 
Mary Agnes Welch
Americans renounce citizenship over taxes
Winnipeg Free Press (25 Aug 2011) B4


http://www.winnipegfreepress.com/local/americans-renounce–citizenship-over-taxes-128371098.html

Julie Veilleux of Lac du Bonnet MB may face at least $80,000 in fines. Born in Ohio, departing the United States after eight years, Veilleux has lived in Canada for almost forty years and became a Canadian citizen in 1995. Veilleux and her sister travelled to Calgary earlier in August to renounce US citizenship. “Veilleux fears the worst — being sued by the IRS, being stopped at the border or having a lien placed against her family’s modest bungalow.”
 

Written by usxcanada

25 August 2011 at 6:00 am