U.S. Citizens in Canada InfoShop

2014 Mar 10 – Jeker

 
Virginia La Torre Jeker
The tax non-compliant American abroad: what are your choices?
Angloinfo (10 Mar 2014)

http://blogs.angloinfo.com/us-tax/2014/03/10/the-tax-non-compliant-american-abroad-what-are-your-choices/

“The typical client I assist owes little, or no tax after taking into account foreign tax credits and foreign earned income and housing exclusion amounts … [but] is potentially subject to huge penalties.” Options are outlined: voluntary disclosure, quiet disclosure, streamlined procedure. Specific comment also focuses on high/low risk classifications and what qualifies as “reasonable cause”
argument.
 

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Written by usxcanada

10 March 2014 at 7:00 am

Posted in Legal, Uncategorized