UPDATE DUBLIN VENUE:
When: Tuesday, August 12, 6:00 – 8:00 pm
Where: Quaker House, Stocking Lane, Rathfarnham, Dublin 16 MAP
UPDATE BELFAST:
When: Wednesday, August 20, 6:00 – 8:00 pm
Where: Belfast Castle, Antrim Road, Belfast, Antrim, UK BT15 5GR MAP
Presenter: John Richardson, B.A., L.L.B., J.D., is a Toronto lawyer and a member of the Ontario Bar. Citizenshipsolutions.ca
Admission: Dublin €15 / Belfast £15 cash payable at the door (to cover costs).
It is estimated there are 7 million U.S. citizens living outside the United States. Some of these people don’t know that the U.S. may consider them to be citizens. The vast majority of these Americans abroad (according to U.S. law), are required to pay taxes and complete information reporting forms to the United States. Although “citizenship-based” taxation has existed for years, what is new is the enforcement.
The U.S. has enacted FATCA (“Foreign Account Tax Compliance Act”) and has signed IGA’s (Intergovernmental Agreements) in many European countries including Ireland, the UK, France, Germany, and Switzerland. Financial institutions across the globe will be required to identify accounts of “US Persons.” Starting July 1, 2014, financial institutions will begin to determine what accounts are “reportable accounts.” Information regarding those accounts will be passed on to the tax agencies of each country, who will in turn, pass this information on to the IRS. These seminars will include discussion and analysis of the IRS “relaxed opportunities” for people to come into compliance and will focus on:
Citizenship Issues:
Are you a US citizen?
Are you still a US citizen?
Are your children US citizens?
What is an Accidental American?
Tax Issues:
Filing US tax returns
What is involved?
Filing information returns (FBAR, 8938, 3520A & 3520, 5471, 8621 etc)
Reasonable cause (avoiding penalties)
Financial Planning Issues:
Treatment of tax-deferred savings plans
Treatment of Mutual Funds (PFICs)
Privacy Issues:
What might FATCA mean for me?
Border Issues:
Will FATCA make it harder for me to cross the border?
Does it make sense to give up US citizenship?
Relinquishment
Renouncing
Information presented is NOT intended or offered as legal or accounting advice specific to your situation.
Update for Solving US Citizenship Problems-Info Meeting Belfast, August 20, 2014 | Maple Sandbox http://t.co/tsbVtmxhTO
I sincerely hope there is a good turnout for these sessions – first so that people know what’s happening to them, and second so that we’ll get more people on board with the fight. I had expected more of a groundswell of support by now, but it hasn’t yet happened.
@OutragedCanadian
I hope so as well. I can tell you there are lots and lots of views of what we put out to publicize the meetings so even if people do not show up, they are obviously making contact and likely coming here, IBS and so on. That meets our original approach when this all began-i.e., trying to reach out so people are aware and start researching their own situations, helping when we can.