Category Archives: FBAR
If you follow the comments on this site, you may be familiar with Cafreeb. Like many US citizens living in Canada, she is very concerned about FATCA and the privacy concerns of FBAR, and she has created a BlogTalk show … Continue reading
The IRS has finally opened a hotline to address FBAR concerns. Though much delayed, this should at least give expats an opportunity to get much needed clarification and help. To reach the FBAR and Title 31 Helpline, dial (866) 270-0733 … Continue reading
The following overview of the FATCA/FBAR situation was sent to me by someone who wishes to remain anonymous. It does a good job of explaining what the fuss is all about. I have made some minor edits.
I received a rather encouraging letter from Canada’s Finance Minister Jim Flaherty. You can read it in full after the jump.
Robert Wood didn’t provide any new insight and the article hasn’t been viewed too many times yet, but it’s nice to see the negatives of FATCA starting to get a little press time.
When my friend Brian told me the American tax police were after him, I thought he must be nuts. Brian is a worrier. He gets a little paranoid sometimes. “We haven’t filed a U.S. tax return in 20 years,” he … Continue reading
At least we’re not alone; New Brunswick Premier David Alward is caught in the same broad net that is causing so much stress and lack of sleep for American expats the world over.
The TD F 90-22.1 form is an absolute nightmare, especially as I move further back in time and try to find records of long ago closed bank accounts. It doesn’t help that the form itself can be a little confusing.
To bring people back into compliance, the IRS instituted the Overseas Voluntary Disclosure Program (OVDP) in 2009, a program that the American Citizens Abroad (ACA) has termed a “scam.”