You’re Likely Committing a Crime Right Now

You’re Likely Committing a Crime Right Now

Do you own a dog? You could face six months in federal prison If you walk it on federal lands on a leash longer than six feet in length.

 
Another IRS Bait and Switch

Another IRS Bait and Switch

“I’m from the IRS and I’m here to help you.” Yes, the above is one of life’s big lies. But several years ago, it looked as if they actually intended to help if you had an offshore tax problem.

 
How the IRS beat up the Constitution

How the IRS beat up the Constitution

As a US citizen or permanent resident, you are forgiven for the belief you have the right to remain silent. “Pleading the fifth” (amendment), is such common chorus in American culture, it's near cliché by now.

 
Judge Rules FBI Can Hack Your Email (Here’s How You Can Stop Them)

Judge Rules FBI Can Hack Your Email (Here’s How You Can Stop Them)

What’s the biggest threat to our civil liberties? Is it a Congress hellbent on closing all loopholes left to US citizens grasping for privacy?

 
Anarchy in the UK? What Brexit Means for You.

Anarchy in the UK? What Brexit Means for You.

It wasn’t supposed to happen this way. Before the vote, polls suggested that British citizens would opt to remain in the European Union, rather than choose what pundits dubbed “Brexit.”

 
The Taxman Can’t Do Math

The Taxman Can’t Do Math

Last month, lawmakers in Massachusetts approved a constitutional amendment that will lead to the departure of many of the state’s wealthiest and most productive citizens.

 
Washington Hypocrites are at it again…

Washington Hypocrites are at it again…

Talk about a double standard… The US is quick to point fingers, yet hardly ever enforces its rules at home.

 
Get this second passport before the price goes up!

Get this second passport before the price goes up!

Until the early 20th century, you didn’t need a passport for international travel. Now, you need a passport to enter virtually any country in the world.

 
Orwell could never have predicted this…

Orwell could never have predicted this…

I love technology. I can’t imagine life without modern conveniences like telephones, email, and the Internet. Not to mention running water, air conditioning, and automobiles.

 
They’ve spit on the Bill of Rights yet again

They’ve spit on the Bill of Rights yet again

Your friendly Uncle Sam has done a great job of ending the civil liberties protections enshrined in the US Constitution and Bill of Rights. Think of the PATRIOT Act, FATCA, and Obamacare, just to name a few examples.

 
Could you be a traitor to your country?

Could you be a traitor to your country?

Expatriation – deliberately giving up your US citizenship and passport – is admittedly a touchy topic. Congressman Sam Gibbons (D-FL), referring to expatriates, spoke of “the despicable act of renouncing allegiance to the United States.”

 
Visa and Passport Fraud “Red Flags”

Visa and Passport Fraud “Red Flags”

It was the perfect pitch for 1,076 young foreigners who had just graduated from a US university but didn’t want to return home. They could continue their studies at the University of Northern New Jersey without bothering to attend class, take tests, or butt heads with professors.

 
The Real Laundering Threat Is Very Close to Home

The Real Laundering Threat Is Very Close to Home

You can imagine how much better I sleep at night knowing that an army of unseen bureaucrats is working ceaselessly on my behalf.

 
This Crazy Idea Could Affect Your Travel Plans

This Crazy Idea Could Affect Your Travel Plans

Those “heroic” EU bureaucrats in Brussels are at it again. They’ve already banned bananas that are too curved. Water companies can’t claim that drinking water fights dehydration.

 
This law would really leave us defenseless

This law would really leave us defenseless

In just the last year, the Office of Personnel Management (OPM) revealed that hackers had stolen the personal information of more than 20 million current and former federal government applicants and employees.

 
Panama Papers Proves Most Offshore Investments Are Legal

Panama Papers Proves Most Offshore Investments Are Legal

That’s what the headlines should have proclaimed. But they didn’t. Instead, when announcing the theft of more than 11.5 million records from Panamanian law firm Mossack Fonseca, ...

 
The IRS could stop you from flying. Here’s how…

The IRS could stop you from flying. Here’s how…

Imagine arriving at your local airport one morning for a domestic flight to a neighboring city. You approach the security checkpoint and the TSA lackey asks for your identification.

 
Will Your Retirement Be Forced to Bail Out Uncle Sam?

Will Your Retirement Be Forced to Bail Out Uncle Sam?

It’s not a popular thing to say, but the US is broke. Busted. Bankrupt. If Uncle Sam were a corporation, it would have been declared insolvent decades ago.

 
Making America Great… One Lawsuit at a Time

Making America Great… One Lawsuit at a Time

Donald Trump’s legal antics underscore something that’s very wrong with the US legal system. When he encounters someone who says or writes something he doesn’t like, or refuses to be bullied, he sues.

 
Two BIG Reasons NOT to keep your cash in the bank

Two BIG Reasons NOT to keep your cash in the bank

It’s bad enough depositing your money into a bank account and earning essentially zero interest on it, or in some countries, having a negative interest rate.

 
It all started 2,300 years ago…

It all started 2,300 years ago…

300 years before the birth of Christ, a man named Neoptolemus took what was alleged to be his ill-gotten gains and fled the city-state of Athens. The leader of Athens, Lycurgus, demanded that Neoptolemus be executed for fleeing with his wealth.

 
So what else are they (the IRS) lying about?

So what else are they (the IRS) lying about?

In the runup to April 15’s tax-filing deadline, the IRS has once again published a list of what it calls its “Dirty Dozen” tax scams.

 
The so-called relic (finally) roars back

The so-called relic (finally) roars back

Economist John Maynard Keynes is often quoted as calling it the “barbarous relic.” Soviet revolutionary Vladimir Lenin said he would build toilets out of it, as the ultimate symbol of capitalist waste.

 
Is this only for “tax cheats” and “moochers”?

Is this only for “tax cheats” and “moochers”?

Earlier this month, the Federal Register published its quarterly list of former US citizens and permanent residents who have “expatriated,” i.e., given up their US citizenship or permanent residence.

 
You, an accidental terrorist? Thank Ted Cruz

You, an accidental terrorist? Thank Ted Cruz

It’s bad enough that the US government has the authority to revoke your passport if you have a “seriously delinquent tax debt.” That little gem was buried in the 2015 Highway Funding Bill, which President Obama signed in December.

 
Best Place to Launder Money (Surprisingly)

Best Place to Launder Money (Surprisingly)

I’m in the executive lounge at Princess Juliana International Airport in St. Martin drinking double espressos and waiting for a connecting flight to Charlotte.

 
The dirty little secret about EU passports

The dirty little secret about EU passports

Greetings from the island of Nevis! I’m here dealing with yearend formalities associated with Fortress Trust Ltd., a registered agent for Nevis trusts, LLCs, and IBCs.

 
The police “stole” his house over $40

The police “stole” his house over $40

When I was nine years old, I was one of the smallest students in my fourth grade class. With my small size, not to mention my smart mouth, I attracted more than my share of elementary school bullies.

 
Fred gave into this fear… and paid for it

Fred gave into this fear… and paid for it

In my 30-year consulting career, I’ve met a fair number of clients who are paralyzed by fear. They believe that no matter what they do, disaster lurks around the corner.

 
Puerto Rico: Still Too Good to Be True

Puerto Rico: Still Too Good to Be True

In the 30 years I’ve been writing about developments in the offshore world, I’ve been called a lot of things: “Insightful”… ”thoughtful”… but also “misguided”… and (my personal favorite) “pessimistic.”