Serbinski Accounting Firms

Concerned Canadian.
I agree with all you have said. Who knows.

They leave the door open to taking just about everything one might have. Nothing really there at all to protect you. Pretty one sided. Except the Canadian government says they won't collect FBAR and other fines levied for failing to ...

Its income from Small Business, a type of Canadian Controlled Private Corporation which has special tax implications. Dividends from a public corporation are much less likely to owe anything.

I'm doing quiet disclosure for my son even though he owes some US taxes because of Canadian dividends.

I have concluded that since all of his income was duly reported in Canada, and he has now paid his US taxes and now owes nothing he satifies FAQ 17 and the email above. He was also born in Canada ...

It isn't really clear to me that you have joined OVDI. If you did the minimum finne you are entitkled to is 5% of the balance of your accounts. Joining OVDI really puts you at risk. The agents are not allowed to use their discretion but must apply the fines by the book.

FAQ 17 is the way out if ...

I emailed the IRS the following with a reply you may find of interest.

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Hello Sir/Madam,

I am very confused about this FBAR requirement, which I just learned in a local newspaper.

I have been living and working in Canada for over 25 years and have ...

Unless your net worth is over 2 million renouncing is painless. I am headed that direction myself.

THE best place to get all the real answers to your questions about it are at http://renunciationguide.com/Site-Overview.html

this is a great site with no commercial leanings at all

yes I have an email to the IRS from and to me.
The first is to the IRS

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Hello Sir/Madam,

I am very confused about this FBAR requirement, which I just learned in a local newspaper.

I have been living and working in Canada for over 25 years and have ...