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Recent Posts
Resources
- The Isaac Brock Society A group blog on issues for US expats.
- ExpatForum: Canada An active forum for other expats living in Canada. Also contains areas for expats living in other countries. Lots of helpful people with excellent resources to share.
- Renounciation of US Citizenship A web guide to the taxation situation and renouncing US citizenship.
- Taxes for Expats Some good information about tax requirements and news for expats.
Categories
- Canadian Regulations (1)
- FATCA (33)
- FBAR (18)
- OVDI / OVDP (6)
- US Citizenship (7)
- US Taxes (13)
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Category Archives: FBAR
BlogTalk show for expats in Canada
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 →
Posted in FATCA, FBAR
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Tagged BlogTalk, FATCA, FBAR, Foreign Account Compliance Act, Foreign Bank Account Report
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2 Comments
IRS opens hotline to address FBAR
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 →
An overview of the FATCA/FBAR situation, submitted by a reader
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.
Posted in FATCA, FBAR
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Tagged FATCA, FBAR, Foreign Account Compliance Act, Foreign Bank Account Report
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4 Comments
Encouraging letter from Finance Minister Jim Flaherty
I received a rather encouraging letter from Canada’s Finance Minister Jim Flaherty. You can read it in full after the jump.
Posted in FATCA, FBAR
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Tagged Canada Revenue Agency, CRA, FATCA, FBAR, Finance Minister, Foreign Account Compliance Act, Foreign Bank Account Report, James Flaherty
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4 Comments
Forbes reports on FATCA
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.
Do FBAR failure to file penalties include RRSPs?
Apparently so.
Posted in FBAR, OVDI / OVDP
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Tagged FBAR, Foreign Bank Account Report, Phil Hodgen, RRSP
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7 Comments
Help! I’m on the IRS hit list
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 →
Posted in FATCA, FBAR, US Taxes
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Tagged FATCA, FBAR, Foreign Account Compliance Act, Foreign Bank Account Report, Margaret Wente, US Taxes
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New Brunswick Premier, David Alward, caught in FATCA nightmare
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.
Posted in FATCA, FBAR
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Tagged David Alward, FATCA, FBAR, Foreign Account Compliance Act, Foreign Bank Account Report
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1 Comment
Filling out your TD F 90-22.1 (FBAR compliance)
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.
Posted in FATCA, FBAR
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Tagged FATCA, FBAR, Foreign Account Compliance Act, Foreign Bank Account Report, TD F 90-22.1
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The OVDP/OVDI “scam” and how a rational country might have handled the program
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.”
Posted in FBAR, OVDI / OVDP, US Taxes
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Tagged FBAR, OVDI, OVDP, Overseas Voluntary Disclosure Initiative, Overseas Voluntary Disclosure Program
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Expats in Canada 