This piece by Peter Dunn (Petros) of the Isaac Brock Society is destined to become a Christmas classic among us "U.S. Persons" abroad.
It certainly enjoyed a wide audience last year (it was reprinted in Dan Mitchell's blog among other places) and it is worth reading because, while it is certainly great satire, it is also factually correct. The U.S. government does require that all its citizens and Green Card holders living abroad file foreign bank account reports and tax returns. Failure to do so may indeed "result in civil and criminal penalties including imprisonment."
Ho ho ho....
If this information comes as a surprise to all you otherwise good and law-abiding ladies and gentlemen, boys and girls, I strongly urge you to head directly over to the Isaac Brock Society to get informed about the Diaspora Tax War of 2012/13.
Santa Claus Arrested Following Joint Investigation by IRS, INS, and FWS
by Peter Dunn
U.S. Federal agents arrested Santa Claus earlier today at the North Pole.
Claus has been charged with multiple counts of money laundering, illegal exportation of currency, illegally importing into the United States toys made of contraband–rare woods, ivory and other banned substances. He has also been charged with violations of slave labor and child labor laws, hundreds of patent and trademark violations, and illegally entering and exiting the United States.