Offering : Americans Abroad & Taxes

Posted on January 19, 2014 09:05 pm

Details:

Information Sessions for What You Need to Know
Toronto, Saturday,
January 25, 12:00 noon -2 pm100 St. Joseph St., M5S 1J4 (near Museum subway stn)This information session is provided by a
Toronto-based lawyer, for people affected by the USA’s extra-territorial tax
overreach which violates Canada’s sovereignty. If you are an alleged US person
and you have become aware that the US claims that you should be filing your
taxes as well as information returns, please do nothing, do not enter the OVDI
program or the Streamlined program, and above all, do not call a US cross
border tax specialist (neither a lawyer nor an accountant), until you educate
yourself first. The paid experts have a vested interest in offering only
the IRS’ way to compliance. There are many options on how to approach this
situation and there is no “one glove fits all” solution.If you are a Canadian citizen or resident of
Canada, you have specific rights and protections that even FATCA cannot revoke.
This is why these informational sessions will be useful to you. They will
define and explore all your options.If you have recently seen/heard some of the CBC
programs concerning this issue, the important thing is to stay calm. Do not
panic. Do not react to this situation and above all, do not believe anything
you hear. Take your time to make the decisions that are appropriate to your
situation. Do not enter any of the disclosure programs unless you are certain
they are right for you.No seminar for the general public can provide
reliable legal advice. Your job is simply to begin gathering information and
beginning to understand the new reality of U.S. citizenship abroad.What follows is an outline of some of the topics
that will be covered. The sessions are NOT intended to provide legal advice.
But, they are intended to help you identify the issues that may apply to your
situation.The topics covered are designed to alert you to
issues and are NOT offered as legal or accounting advice specific to your
situation. They include:Citizenship Issues:- Are you STILL a U.S. citizen?- Are your children U.S. citizens?- What might FATCA mean for me?-What is an “Accidental American?”Tax Issues:- Filing U.S. tax returns – what’s involved?- Filing information returns (FBAR, Form 3520,
5471, etc.)- Reasonable cause (avoiding penalties)Financial Planning Issues:- Investment products that cause problemsDoes it make sense to renounce or relinquish
U.S.citizenship?- Renouncing U.S. citizenship-Relinquishing U.S. citizenshipEach session will have a $20 admission fee (to
offset the cost of the room) which is payable in cash at the door. No video or
audio taping or photographs will be permitted. Anyone attempting any of these
will be escorted to the door immediately.You will not be asked to register or identify
yourself in any way. We understand completely, the need to feel anonymous. In
addition to the lawyer, there will be support people who are presently going
through (or have been through) what is involved who can answer your questions
and listen.
For further
information, please go to or

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