Important information on new US tax legislation. Impacts US persons abroad. Also non-US investors in the USA.

Watch this video: http://ustaxonline.com/vodcast.html

Disclaimer: I have no contacts or connections with this London/Zurich based US tax consultant. Their message sounds authentic. Unsure whether it is accurate or whether they are reliable.

Penalties as a revenue source, including for simple errors. Very scary stuff, really.

Here's some more information for what's in store next year as far as tax changes. It all sounds so complicated that I think everyone will have to hire tax advisors so that they comply with all these new rules!

http://www.atr.org/sixmonths.html?content=5171