Haven’t Properly Surrendered Your Green Card? -The IRS May Soon Ask If Your Us Tax Filings Are Up To Date

U.S. citizens living in Canada who have not kept current with their US tax-filing obligations should know that the IRS has significantly increased their tax surveillance and is looking for them. Recent laws under the US Foreign Account Tax Compliance Act (FATCA) rules guarantee that sooner or later Canadian banks and other financial Institutions will ask their clients if they are a US taxpayer based on any one of the following reasons: They are a US citizen; They reside in the...