Search found 5 matches

by irs_trouble
Tue Jul 19, 2011 11:57 am
Forum: Canada / United States Tax & Accounting
Topic: Double trouble.. US citizens in Canada
Replies: 36
Views: 26050

Hi I understand the theory behind treating Canadians differently, especially given the fact that most won't owe US tax because of high Canadian taxes, however I worry that the IRS has not given ANY guidance to this in their OVDI materials. It seems like they would be within their rights to apply pen...
by irs_trouble
Tue Jul 19, 2011 11:38 am
Forum: Canada / United States Tax & Accounting
Topic: Double trouble.. US citizens in Canada
Replies: 36
Views: 26050

Nelsona Thanks for the quick reply. I understand that US Citizens in Canada have traditionally filed late tax returns without incurring penalties, however doesn't the new OVDI program change the game a little? The tax lawyer told me that there is a high likelihood that the IRS will pull some of the ...
by irs_trouble
Tue Jul 19, 2011 11:26 am
Forum: Canada / United States Tax & Accounting
Topic: Double trouble.. US citizens in Canada
Replies: 36
Views: 26050

Actually..probably ok to leave here...Nelsona...any thoughts.

Thanks again
by irs_trouble
Tue Jul 19, 2011 11:24 am
Forum: Canada / United States Tax & Accounting
Topic: Double trouble.. US citizens in Canada
Replies: 36
Views: 26050

woops...wrong thread...let me fix
by irs_trouble
Tue Jul 19, 2011 11:23 am
Forum: Canada / United States Tax & Accounting
Topic: Double trouble.. US citizens in Canada
Replies: 36
Views: 26050

Hi Nelsona I'm trying to understand the basis for the following: "Yeah, ask her why she picked five years. The rule is 3 unless you owe tax, then it becomes six." After reading the OVDI FAQ, calling the OVDI hotline and talking to a tax lawyer I was under the impression that US citizens li...