Late filing guidelines for US citizens in Canada clarified
The Internal Revenue Service (IRS) in the US has finally announced some clear guidelines for US citizens who live in Canada and are late on their tax filing requirements. These new guidelines are proposed to take effect September 1, 2012.
Good news for US citizens living in Canada [...]

This article is for all US citizens living in Canada, especially those who are trying to bury their heads in the sand about filing their required US tax returns, and may be of special interest to conspiracy theorists.
Recall that the American tax system taxes on citizenship, not on residency, like the rest of the developed [...]

This opinion editorial piece has appeared in several US newspapers.
Canada and the United States are neighbours and have long been the closest of friends.  We share a common border and we share many common values.
One of those values is fighting tax evasion. We believe in fair tax systems where everybody pays their share.
Many Canadians, however, have [...]

There has been an amazing amount of publicity and hype in the last few weeks about the US Internal Revenue Service (IRS) and the August 31 deadline for US taxpayers – including those living in Canada – to participate in the latest IRS voluntary disclosure program.
Let’s try to sort through all the noise and lay [...]

This IRS disclosure initiative – OVDI for short – is designed to allow Americans who have foreign bank and investment accounts – which they have been keeping secret from the IRS – to avoid criminal prosecution and enormous fines and penalties, by voluntarily disclosing ALL of their foreign holdings, and the maximum annual balance in [...]

IRS saga reveals many different approaches to perceiving reality
It’s been an interesting week. Last Friday, we reminded you that US citizens living in Canada are required to file US tax returns and reports on their “foreign” (Canadian) bank and investment accounts.
Although these requirements have been in place for decades, recent publicity and an IRS voluntary [...]