Tag Archives: FATCA US citizens abroad

#Americansabroad make submissions to House Ways and Means Committee on Tax Reform

You can find the submissions here.

The relevant comments are found in the “International” category.

This comment is an excellent description of the reality of “U.S. Citizenship Abroad”

 

How #FATCA affects US citizens abroad

One of the better information sessions I have seen on how  FATCA, FBAR and PFICS affect U.S. citizens abroad. You will learn why you are NOT in compliance with U.S. laws. This include a discussion of non-U.S. pension plans. The problem is that these are not recognized by the U.S. as pension plans. Incredibly some of these pension funds are PFICs. Here is particularly horrid example of how what I would call “PFIC Abuse