Posted on 09/20/2011 7:20:21 AM PDT by Glenn
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 said. “Now our accountant says we have to – or else.”
Brian and his wife are from the States. He took out Canadian citizenship years ago. They’ve lived and worked in Canada for decades. They have no U.S. income or assets. They are 100-per-cent tax compliant – in Canada.
“Forget about it,” I advised. “What could they possibly do to you?”
We’re about to find out.
(Excerpt) Read more at theglobeandmail.com ...
Renounce U.S. citizenship, stay out of the country. They’ll just bleed him for more and more until he does.
Wow! I thought slavery went out in the 19th century?
Some interesting comments follow the article.
FBAR is what you are when FUBAR gets ahold of you.
They won’t let you renounce until you pay your “back taxes”.
As I have stated in the past, someone who has the IRS on their butt should make a stand and tell the IRS that you WILL NOT COMPLY with them until they have proven that they have contacted and audited every illegal alien in the US before auditing a US citizen. Some sharp conservative lawyer may take up your case.
All depends on where your money is sitting and how you might be able to move it!?!?!?
I wouldn’t wait too long....
2555 Foreign Income Exclusion.
All very interesting.
while I am certainly no fan of the IRS, regardless of what Jesus would say, I will say this: there shouldn’t be dual-citizen Americans. If you become American, you should have to renounce the citizenship of your native country. If you obtain citizenship elswhere, you should have to renounce American citizenship.
And the IRS should be abolished.
Ahhh, the US IRS - where every dollar you earn has to be taxed, no matter where you earn it! No other country is so draconian with the earnings of its citizens...
Ever wonder why the Rolling Stones or other non-US rock bands jet in an out of the US every concert? Because staying on US soil more than 12 hours contiguously counts as staying for a day - and if you stay and “work” her for more than 35 days a year, you have to pay US income taxes on ALL your earnings worldwide.
Contrast this with the story of the brother of a guy I know who has not filed a 1040 in over two decades because he has basically been homeless and living on the streets. At one point his family intervened and the IRS offered to settle with him for some token scraps. To my knowledge he has never paid this, still does not file, and yet is walking around free out there somewhere.
They are only interested in you if you can SHOW DEM DA MONEY!
The economic Berlin wall is getting higher every day. If God forbid, we have another 0bama term, or longer?, more people will leave. And, unlike the Leftists who loudly proclaimned that they would leave in 2004 if Bush was re-elected but didn’t, a new wave of retirees, and the very wealthy will in fact seek to escape a ‘transformed’
The first problem is tranfering the wealth out of the US and the second is manitaining anominity for expats. Any suggestions?
‘transformed’ Amerika.
Hey, I get tax notices from NJ. I live & work in PA. Never, ever lived or worked in NJ. Only thin I can figure is my company’s payroll service made a clerical error several years ago & that got my name and SSN listed.
I just ignore it. Maybe I’ll get arrested on the beach in Cape May County?
Then he should definitely ignore the IRS and just stay out of the U.S.
The issue in the article is no joke. I know individuals now in their 60s born in the USA who came to Canada as small children, married, had children, and are now grandparents and have lived virtually all their life in Canada.
They could be arrested for tax evasion if they tried to visit family by crossing the border. (The Canadian passport lists place of birth.) Technically, this could apply to their children also.
It is my understanding that you cannot just *leave* with your assets anymore. You have to tell the IRS what you are taking with you so they can decide how much they will allow you to take. I believe that is why they mandated SS numbers for passports (it happened well before 9/11). I was told this when I inquired about why an SS number was required to renew my passport.
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