RE: For Americans Abroad, Taxes Just Got More Complicated

["Robert Spratt" <coolone@shaw.ca>]

Without intending offense to anyone let me just state that;

I am not now nor have I ever been a member of the US citizenry, so help me
god!



-----Original Message-----
From: Gloria Sampson [mailto:gmsampson@shaw.ca] 
Sent: 17-Apr-12 16:23
To: David Ryeburn
Cc: retirees-forum
Subject: Re: For Americans Abroad, Taxes Just Got More Complicated

Hi Fellow Retirees,

One new thing my accountant at Deloitte told me to do when she talked to me
about my U.S. tax filing is to close down my tax-free savings account here
in Canada.  While it is tax-free here, the U.S. is generally taking these
accounts to be something called "trusts" and apparently they are taxed at
some huge rate.  My accountant said the safest thing to do is to simply put
the money in a regular savings account.

The U.S. is going after citizens living abroad simply to collect money
because of the massive U.S. deficit.  

Sincerely,
Gloria Sampson


On 2012-04-17, at 12:26 PM, David Ryeburn wrote:

> I re-read the message I recently sent. There is a typo. For "foreign
persion funds" read "foreign pension funds". I can see that one might think
I meant to type "foreign person funds", and that that might means something
-- I don't think it does. Almost all of us have foreign pension funds.
> 
> David
> -- 
> David Ryeburn
> david_ryeburn@telus.net