U.S. Citizens in Canada InfoShop

2013 Jan 28 – Feldman

Amy Feldman
The perils of overseas tax disclosure: an immigrant’s story
Reuters U.S. (28 Jan 2013)


Andrew Winfield, a British immigrant to the United States, entered OVDI 2011, filed amended returns for 2003-2010 to cover foreign accounts, paid an additional $2800 in tax, and now faces FBAR penalties of $28,000. According to Feldman, there are “some 39 million immigrants in the United States.” Annual FBAR filing is said to run at a level of 500,000.

Written by usxcanada

28 January 2013 at 6:00 am