U.S. Citizens in Canada InfoShop

2011 Dec 2 – McKenna

 
Barrie McKenna
U.S. taxman to go easy on American residents in Canada
Globe and Mail (2 Dec 2011) B1, B11


http://www.theglobeandmail.com/report-on-business/us-taxman-to-go-easy-on-american-residents-in-canada/article2257395/

McKenna hyped an October 18 statement by US ambassador David Jacobson as “a big break from Uncle Sam” for “Americans living in Canada who’ve neglected to pay their U.S. taxes” and went on to declare “the new rules will be announced within weeks by the IRS.” (The disappointing IRS document issued on Dec 7 reiterated existing policy, had no particular application to Canada, and said nothing about how “individuals who took part in earlier amnesty programs this year and in 2009 can reapply and get back penalties already paid.”) Mike Vance 26 of Nanaimo BC is “using this as a warning sign” and has embarked on “the complex process of renouncing his U.S. citizenship.”
 

Written by usxcanada

2 December 2011 at 6:00 am