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. Advertisements
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.”
Wendy McElroy has written an article over at the Ludwig von Mises Institute. Although her language is harsh, she makes some excellent points about the people the US’s tax policies are hitting with their scattershot approach, and speculates as to … Continue reading
The Foreign Bank Account Report (FBAR) is the submission that any US citizens or persons who have/have had green cards must fill out to let the US Treasury Department know about any money being held in bank accounts outside of … Continue reading
a.k.a.: Stephen Ohlemacher doesn’t get it.
“They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety.” – Benjamin Franklin Hundreds of thousands of US citizens around the world are scrambling to comply with rules many did not know … Continue reading