Toronto Consulate Wait Times Have Ballooned

An email from Tim S. alerted me to an interesting article by Patrick Cain about getting the difficulty of getting an appointment for expatriation in Canada.  Patrick reports that wait times at the Toronto consulate have ballooned.  Here we are in August, 2014.  The earliest date that can be booked in Toronto is January 22, […]

Is an ISA a foreign trust?

Yesterday and today I have had an interesting email exchange with three tax practitioners about Individual Savings Accounts from the U.K. I will call this type of account an ISA (pronounced “Ice-uh”), because that’s how I say it out loud. I won’t identify them by name unless they want to be identified. (Email me and […]

Nonfilers and renewing your passport

Americans abroad who have not filed their U.S. income tax returns will sooner or later hit a brick wall. They will have to renew their passports. And when it comes time to renew their passports, they are stuck. Damned if you do, damned if you don’t. When you renew your passport, you are required to […]

Apartment security deposits and Form 8938

Consider a simple situation. An American living abroad rents an apartment. As is usual in these situations, the tenant gives the landlord a security deposit. The intrepid authors of Section 6038D and the Temporary Regulations under that Section could not possibly mean to force you to list the security deposit on Form 8938. Could they? […]