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  #201 (permalink)  
Old 10th June 2016, 09:55 PM
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OK, the first thing to know and to understand is that your first point of contact with the IRS is very unlikely to be a "penalty letter" and certainly will not be a court summons. If and when you ever hear from the IRS, the first contact may be a letter questioning something on your return and asking for $X in additional taxes based on their understanding of your situation. Or, potentially, they might advise you that they want to audit your return for a particular year for a particular issue or problem. You have the right to respond with your side of the story or to provide the support for whatever it is you claimed. Or you can simply say, "oops, my bad" and pay whatever it is they are asking for in additional taxes.

But other than for a really egregious omission or "mistake" it's rare that they bother us overseas taxpayers much. It's simply not worth losing sleep over.
Cheers,
Bev

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  #202 (permalink)  
Old 10th June 2016, 11:24 PM
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Thank you for the reassuring words. I know I am being irrational over this. and if truth be told, it's not so much the filing I worry about, but the Fbar.

It is the Fbar penalties I worry about, still worry about and what started this mess and will be what finishes this mess if I renounce because that will be the main reason I renounce, the fbar filings. It might be too tempting for the IRS to pass up, send a penalty letter and make some money. wasn't it called the fbar fundraiser?

Also on another note, my accountant did say audits were rare and usually it will be the self-employed overseas that have more chance to get audited and that he thought there was nil chance I will hear from the IRS. They are short of manpower.

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  #203 (permalink)  
Old 11th June 2016, 12:12 AM
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Quote:
Originally Posted by BBCWatcher View Post
So let's summarize:

1. After a terrifically long, expensive, and bureaucratic delay of at least several months, Roger Ver managed to travel to the United States. Once, so far. (Congratulations, Roger.)
Roger Ver is way more determined than I am. I would have been happy to take that first no as a final answer and never set foot in the US again. (In fact, I can envision future circumstances that would cause me to make that decision myself.)

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  #204 (permalink)  
Old 11th June 2016, 12:19 AM
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2. Foreigners have no legal right of entry into the United States. The U.S. State Department and U.S. Customs and Border Protection have practically unlimited, non-reviewable discretion.
Ummm, we know that. I'll leave it to someone else to count how many times in the last 20 pages of this thread you have stated the exact same fact.

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  #205 (permalink)  
Old 11th June 2016, 12:27 AM
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Originally Posted by BBCWatcher View Post

4. None of the above is "scaremongering." It's plain, simple fact -- and not unique to the United States in character. Here's the bottom line, again: [b]an ex-citizen must be prepared for the possibility, at some point in the future, of never stepping foot in his/her former country of citizenship ever again.
Point taken. Now that you have helped the ex-citizens among us to be prepared, its time to set that aside and start worrying about an asteroid impact.

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  #206 (permalink)  
Old 11th June 2016, 12:29 AM
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Now, once again, I'll let it go.

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  #207 (permalink)  
Old 11th June 2016, 07:37 AM
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Actually, even with the FBARs, unless you're concealing a multi-million dollar account, the first contact with the IRS is much more likely to be an inquiry, saying something like, we have received information that you hold another account that was not reported on your FBAR filing - what do you have to say about this?
Cheers,
Bev

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  #208 (permalink)  
Old 11th June 2016, 09:16 AM
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Quote:
Originally Posted by celticweb View Post
Thank you for the reassuring words. I know I am being irrational over this. and if truth be told, it's not so much the filing I worry about, but the Fbar.

It is the Fbar penalties I worry about, still worry about and what started this mess and will be what finishes this mess if I renounce because that will be the main reason I renounce, the fbar filings. It might be too tempting for the IRS to pass up, send a penalty letter and make some money. wasn't it called the fbar fundraiser?
Since you went through Streamlined, you're not at risk of "non-wilful" FBAR penalties, so presumably it's the "wilful" FBAR penalties you're worrying about.

To try to apply a "wilful" FBAR penalty against you, the IRS would first have to build a legal case proving that you've been engaged in criminal tax evasion. Assuming that in fact you haven't been committing tax evasion, the IRS couldn't possibly build such a case and why would they waste time and money trying to do so?

Quote:
Also on another note, my accountant did say audits were rare and usually it will be the self-employed overseas that have more chance to get audited and that he thought there was nil chance I will hear from the IRS.
There's a calculator at Calculator: What's Your Risk of a Tax Audit?-Kiplinger

Useless, I expect.

Quote:
They are short of manpower.
And in many ways, caught between a rock and a hard place, since Congress seems to be determined to keep cutting the funding while demanding better face-to-face taxpayer service, better security, and better returns. If I were an IRS agent I'd be looking for a less dispiriting job.

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