U.S. Citizens in Canada InfoShop

2012 Jan 18 – Cohn

Michael Cohn
Taxpayer Uncertainty Prompts Citizenship Renunciations
Accounting Today (18 Jan 2012)


“The increasing complexities of U.S. tax law are leading more people to renounce their citizenship.” Cohn discusses the 2011 annual report from Taxpayer Advocate Service. Tax lawyer Bob McKenzie regrets lack of a deadline in the latest program. “Even though clients may initially balk at the amount of money they will need to pay, he explains to them that if they are at high risk, receiving a letter from the IRS that the agency won’t prosecute them has a great deal of value.”

Written by usxcanada

18 January 2012 at 6:00 am