Last week I received a call from one of the many Americans abroad living (not hiding out) in Canada. He did NOT know about his U.S. tax obligations. Therefore, he has not been filing U.S. taxes. Interestingly, he had a portfolio of U.S. stocks (foreign to Canada) which were providing him with a consistent dividend stream. He (naturally) had been reporting all of the these "U.S. dividends" on his Canadian tax return. He had never heard of Form T1135 and the relatively new requirement that he report certain "foreign assets" to the Canada Revenue Agency.Looks like he may have been headed for "double trouble".