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Lived in Australia for 5 years. Was several months late filing FBAR my first year. Did it on time my second year. Completely forgot my 3rd and 4th year. Filed 3
by ryanackley 11y ago
Lived in Australia for 5 years. Was several months late filing FBAR my first year. Did it on time my second year. Completely forgot my 3rd and 4th year. Filed 3 at the same time on my 5th year. I was never contacted by the IRS for failing to file on time.
The point being, it's scare tactics. I filed a complaint with the https://www.irs.gov/Advocate https://www.irs.gov/Advocate and they are well aware of the issue. They have brought it up repeatedly in their report to Congress. The IRS's response is an FU and it shows how toothless the Advocate's office is. You can see their report on international issues here https://www.irs.gov/pub/tas/2011_arc_internationalmsps.pdf https://www.irs.gov/pub/tas/2011_arc_internationalmsps.pdf, The reporting requirements section is close to the bottom.
- cylinder 11y agoSo to someone in the same boat as you you'd say just file the tax return and be done with it? I looked at the FBAR online form and could not imagine ever filling that out when I permanently live overseas, it actually infuriates me.
- randyrand 11y agoHi! I work for the IRS and we'd love to get this squared away. Please contact me at collection0010@irs.gov and we can resolve this immediately. Best
- deleted 11y ago[deleted]
- tbirdx 11y agoHi, I'm a Canadian business owner who does lots of US contract work and I have colleagues who are US persons in both countries. Every time a US Customs agent asks me if I will ever be interested in becoming a citizen I laugh and tell them about situations like this. When I was young I dreamed of moving to the US, now it is a huge joke because of all the paperwork and FACTA's "Hotel California" implications. Now I will never apply to be a US citizen. Especially because I would have addditional paperwork until I die. BTW, this even affects Canadians and Canadian legal entities as we're all forced to declare we are not US Persons even if it is obvious we are not. FACTA is an overreach of power and the IRS should do a better job pushing back against laws like this. The US was once known as "the place to do business" (at least in the Americas) but now it appears to be just a gigantic bureaucracy. I think it is good people are renouncing their citizenship... Perhaps it is the only way to let the government know how bad the system is.