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November 6, 2012 - Phil Hodgen

Yet another FBAR minnow to the guillotine

I have permission to post this anonymously.

With regards to the US Government/IRS/FBAR/OVDI witchhunt/shakedown, I fit the mantle of victimhood at the hands of our so-called government for the people, of the people and by the people to a T.

Whether stupidly or not, I came forth this last March, because I did not disclose two or three of my [Country] savings accounts (I’ve lived in [Country] for almost 20 years) over my covered years (2003-2010).

I got a letter from the OVDI people in [recent month], to ask me to submit 1040X’s, submitted FBAR’s and their paperwork. The latter is essentially asking me to provide the rope to hang myself.

... continue reading
Americans Living Abroad Voluntary Disclosure
March 25, 2012 - Phil Hodgen

IRS chases another person out of the USA

A real-life story submitted to me today. Draw your own conclusions.

I am a foreigner that lived and worked in the US under a work permit. (Not even a green card)

I struggled the past years to make a living, because I was self-employed under an employee that had few jobs, and under the rules of a work permit, you can legally work only under your US employee, in the US.

In 2009 I learned via the Internet about the fbar requirements, and the vdpi.

My tax accountant that I contacted about this said that it would have nothing to do with me, as I am a foreigner and not an American citizen.

... continue reading
Expatriation Voluntary Disclosure
February 14, 2012 - Phil Hodgen

FBARs and Delays in Detroit

I know I promised that I wouldn’t blog about FBARs anymore.  (This stuff chews up too many Life Credit Units, as Just Me calls them.)  But I wanted to share something with all of you that may help you make decisions.

From a correspondent by email today:

Just a quick update.  I called the FBAR 1-800 number to check if my delinquent FBARs for 2005-2009 that I sent in October had been received.  The lady informed me that they are not in the system as they have probably not yet been processed.  She said they had millions of documents and they were still processing July.

... continue reading
Americans Living Abroad Voluntary Disclosure
January 28, 2012 - Phil Hodgen

New website with offshore bank account, expatriation information

There is a new website that launched several weeks ago that I highly recommend: www.isaacbrocksociety.com. The engines behind this site are people I know and it has good, first-hand information about

  • expatriation (as in giving up U.S. citizenship); and
  • cleaning up paperwork problems for undisclosed bank accounts.
Offshore Bank Account Cases

I have done a LOT of work in the “clean up the undisclosed bank account” arena. I commend to you an article published today, titled “The OVDI Drudgery for Minnows.” What the author says is 100% true. This is from a tax practitioner (that would be me) who has handled many, many dozens of cases with the IRS and has advised an undisclosed but much, much larger number of people to find alternate ways to handle their affairs.... continue reading

Expatriation Voluntary Disclosure
October 9, 2011 - Phil Hodgen

Upton Sinclair comments on the IRS

It’s difficult to make a man understand something when his salary depends on him not understanding it.

Upton Sinclair in I, Candidate for Governor: And How I Got Licked (1935), ISBN 0-520-08198-6; repr. University of California Press, 1994, p. 109.

No, he wasn’t really talking about the IRS. But he could have been. If you screw up filing a piece of paper and the IRS has the power to fine you $10,000, it is exceedingly difficult for everyone in the IRS — from the Commissioner on down — to understand why this is a bad idea.

If you are an Accidental American who has lived most of your life in Canada and you don’t file a piece of paper with the U.S.... continue reading

Expatriation RRSPs Voluntary Disclosure