U.S. Citizens in Canada InfoShop

2012 May 10 – Knowlton

 
Brian Knowlton
Many Americans abroad surprised by tax code’s nasty bite
New York Times (10 May 2012)

http://www.nytimes.com/2012/05/11/us/11iht-expats11.html

A version of this article appeared in print on May 11, 2012, in The International Herald Tribune.

Knowlton’s report concentrates on “accidental” second-generation Americans, and sketches three cases, two Canadian and one European. “The numbers of Americans filing the Report of Foreign Bank and Financial Accounts, or FBAR, soared from 276,386 in 2009 to 618,134 in 2011. … By 2011, [IRS agents numbered] 71 for global high wealth — and 856 for international operations, up from 259 just a year before … [with] plans to hire 300 more international agents.”
 

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Written by usxcanada

10 May 2012 at 6:00 am

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