Jeffrey Pomerantz: Vancouver-Area Resident and Pomerantz

jeffrey pomerantz: Canadian snowbirds could face U.S. taxman if they stick around too longFATCA has Americans renouncing citizenship In the case filed in the United States District Court in Seattle, the U.S Justice Department is seeking 860,300 US in civil penalties, late payment penalties and interest, according to CBC. Nor does Pomerantz appear to be an isolated case. Jeffrey Pomerantz, a Vancouver-area resident with dual Canadian-U.S citizenship, filed his income tax returns to the IRS and the CRA during the three years in question but didn't file a second form called the Report of Foreign Bank and Financial Accounts FBAR . This has been a friggin' nightmare, said Pomerantz when reached by CBC News. Toronto lawyer Hari Nesathurai says he is seeing an increase in the past couple of years in cases of the U.S. government going after Canadian residents subject to U.S. tax law who haven't filed FBAR reports. Many people don't realize that and it's troubling because it's a penalty which applies on a non-disclosure even though there may be no tax payable. FBARs are a particular problem because a lot of Canadian residents don't realize that even an RRSP would require some sort of disclosure. (www.immigrantscanada.com). As reported in the news.