tag:blogger.com,1999:blog-18665728.post7994467053374095901..comments2024-03-28T00:01:34.598-07:00Comments on The Galloping Beaver: Tax-bombDavehttp://www.blogger.com/profile/03203592149876300192noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-18665728.post-48626364129415616142011-09-21T12:41:17.353-07:002011-09-21T12:41:17.353-07:00OWK,
Thanks muchly to you and your boss: my frien...OWK,<br /><br />Thanks muchly to you and your boss: my friend is monitoring this thread and responds to your first post as follows:<br /><br /><i>"From some of the research I have done it seems like the real problem is not the taxes, but the requirement to declare all of the banking information. This is where the penalties are high. The crux of the problem is that for most US citizens Borishttps://www.blogger.com/profile/00952672409601421466noreply@blogger.comtag:blogger.com,1999:blog-18665728.post-64834126173852190432011-09-21T12:33:37.225-07:002011-09-21T12:33:37.225-07:00Boris, if your friend was talking to CAs (Canadian...Boris, if your friend was talking to CAs (Canadian accountants) they probably just simply didn't know what to say beyond what was in the press. Unfortunately, many US accountants are also taking advantage of the panic, but ultiamtely the "Voluntary Disclosure" program in question is aimed at people who stand to be charged with felonies etc, and offers amnesty against legal OneWiseKiwihttps://www.blogger.com/profile/11036873625210285991noreply@blogger.comtag:blogger.com,1999:blog-18665728.post-44859355449988453802011-09-21T09:44:04.319-07:002011-09-21T09:44:04.319-07:00OWK,
I sure hope you're right, but that count...OWK,<br /><br />I sure hope you're right, but that counters what a friend of mine has been told by several accountants.Borishttps://www.blogger.com/profile/00952672409601421466noreply@blogger.comtag:blogger.com,1999:blog-18665728.post-13630034531566671112011-09-21T09:21:56.864-07:002011-09-21T09:21:56.864-07:00Fun fact: If you're a US citizen who legitimat...Fun fact: If you're a US citizen who legitimately misunderstood your requirement to file tax returns, and when you find out you're non-compliant, you should simply get compliant - file a few back years and the current one. If you didn't owe any tax (and if you've lived in Canada and filed your taxes there all your life, you won't), they won't accuse you of tax evasion. OneWiseKiwihttps://www.blogger.com/profile/11036873625210285991noreply@blogger.com