I was approached today by a 95 year-old US citizen living here in the UK who has always been US tax compliant. Now that the IRS no longer answer the phone quite so helpfully, cannot mail forms overseas and the IRS have closed their overseas offices she was really in a quite a state.
Her late husband served the United States honourably and it would be an honour for me to prepare her annual US returns. I will charge as little as I possibly can, given her age, and that I would prefer her money to be spent on her care rather than accounting fees.
It is obvious from everything I heard that she has never heard of an FBAR, but should have filed these for decades. I said nothing to her, because I do not want her getting worried.
I would like to remain silent about FBARs throughout the rest of life, given her age. Are there any rules that prevent me from remaining silent?
There are two incidentally adult children who are named under Lasting Power of Attorney; but this is not currently active as the 95 year old has amazing mental capacity (indeed she is about to be published, as a publisher is interested in her autobiography).
Last edited by Guya
on 12-Jan-2016 3:48pm, edited 1 time in total.