- Taxes for Expats Some good information about tax requirements and news for expats.
- The Isaac Brock Society A group blog on issues for US expats.
- Renounciation of US Citizenship A web guide to the taxation situation and renouncing US citizenship.
- 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.
- Canadian Regulations (1)
- FATCA (33)
- FBAR (18)
- OVDI / OVDP (6)
- US Citizenship (7)
- US Taxes (13)
Category Archives: OVDI / OVDP
What’s next for voluntary disclosure?
Now that the voluntary disclosure programs (OVDI / VDP) have ended, tax professionals are wondering what’s going to happen next. With OVDI participants facing stiff penalties, the IRS must either increase penalties for voluntary disclosers going forward or risk angering … Continue reading
Posted in OVDI / OVDP Tagged IRS, Mark Matthews, Offshore Voluntary Disclosure Initiative, OVDI, Scott Michel 4 Comments
New TAS report condemns IRS conduct on OVDP
The Taxpayer Advocate Service (TAS) is, according to its tagline, “your voice at the IRS.” It’s a government body tasked with ensuring fairness and proper conduct from the Internal Revenue Service.
Posted in OVDI / OVDP Tagged IRS, Offshore Voluntary Disclosure Initiative, OVDP, TAS 5 Comments
Yet another article demonizes those trapped in the FATCA nightmare
David Voreacos has written an article hailing the success of the IRS’s charges against banks like UBS (which has made it nearly impossible for expats living in Switzerland to find banks willing accept them as customers).
Posted in FATCA, OVDI / OVDP Tagged ACA, American Citizens Abroad, David Voreacos, Marylouise Serrato 4 Comments
TIGTA report finds IRS’s voluntary disclosure practices “effective”
A recent report from the Treasury Inspector General for Tax Administration (TIGTA) found that nearly half of their absurdly small sample size of closed cases were improperly transcribed, and the review itself suffered from several fatal flaws. Despite this, TIGTA … Continue reading
Do FBAR failure to file penalties include RRSPs?
Posted in FBAR, OVDI / OVDP Tagged FBAR, Foreign Bank Account Report, Phil Hodgen, RRSP 7 Comments
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.”