U.S. Citizens in Canada InfoShop

2011 Sept 21 – Roseman

 
Ellen Roseman
United States clamps down on citizens living in Canada
Toronto Star (21 Sept 2011) B2

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The story opens with the case of Anita, a dual citizen who moved to Canada in the 1960s and has never filed a U.S. tax return. A cross-border tax expert says, “There’s a lot of hearsay, rumour and lack of facts out there.” Required FBAR reporting is “an even bigger issue” due to large penalties for failure to comply. The article closes with a look at the issue of renouncing citizenship.
 

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Written by usxcanada

21 September 2011 at 6:00 am

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