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Recent Posts
Resources
- 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.
- The Isaac Brock Society A group blog on issues for US expats.
- 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: US Taxes
Would Americans care if they knew where their taxes were going?
A recurring theme with FATCA is that Americans living in America simply don’t care about the problems the act creates for Americans living abroad. But maybe they should…
Eritrea’s Extortion
There are only two countries in the world that have a Citizenship-based taxation system, the United States and Eritrea. So let’s take a look and how the world reacts when a country without global political clout does it…
America is losing talent because of the IRS’s overreaching
There are many unintended repercussions to US tax policy (not to mention their disproportional penalty system). Investing in the US is becoming riskier, as is immigrating there.
Posted in US Taxes
Tagged Renouncing US Citizenship, Terry Gilliam, US Citizen, US Citizenship
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When do I need to file a tax report with the IRS?
Navigating the US tax system can be rather daunting, and the penalties for innocent errors are far higher than seems reasonable. As someone accustomed to the relative ease and helpfulness of the CRA, stepping into IRS territory is enough to … Continue reading
Posted in US Taxes
Tagged Internal Revenue Agency, IRS, US Taxes, US Treasury Department
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How are RRSPs handled with the IRS?
For most income, the taxes paid to CRA offset anything that might be due to the IRS. That’s why most US citizens living in Canada owe nothing when they file their US taxes. But interest income earned in RRSPs is … Continue reading
Taxpayer Advocate Service
If you’ve been caught in the “bait and switch” of OVDP, or have received notice of penalties for “quiet filing” that you feel are egregious, there may still be hope. The Taxpayer Advocate Service, the IRS’s “best kept secret,” may … Continue reading
Posted in FATCA, US Taxes
Tagged FATCA, Foreign Account Compliance Act, Internal Revenue Agency, IRS, Taxpayer Advocate Service, US Taxes
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Remember when dealing with the IRS
Generally good advice when dealing with any company or government department, but particularly helpful for those of us currently trying to work with the IRS to become compliant with minimum damage to ourselves and our families.
Expats in Canada 