U.S. Citizens in Canada InfoShop

2013 July 22 – Residence

 
Residence-based taxation? Interview with Bill Yates
Angloinfo (22 July 2013)

http://blogs.angloinfo.com/us-tax/2013/07/22/residence-based-taxation-interview-with-bill-yates-former-attorney-office-of-associate-chief-counsel-international-irs-2/

This Part II (see 1 July 2013 for Part I) interview by Virginia La Torre Jeker with former high-level IRS employee Bill Yates demonstrates that U.S. persons resident abroad have little good to hope for. “The Treasury and IRS have too much invested in FATCA to turn back now. … FATCA is inevitable.” Form 8938 was seen by even its drafters as nothing anyone would want to have to fill out.
 

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Written by usxcanada

22 July 2013 at 6:00 am