Originally Posted by
NEDude
Yes, it is a real pain. I hold an EU passport and live permanently in Europe. I make my living on a 4/4 contract in China. Yet I have to spend over $1,000 each year to have a tax professional file the paperwork which tells the U.S. that I do not owe any money. In the mean time, because of my U.S. citizenship banks are denying me services like a mortgage and retirement planing because they are scared of running afoul of FATCA.
Interesting you mention this, my one of European banks was notified of FATCA today. I have some paperwork to sign this week. I have bank accounts in two countries, have not heard from bank two yet. Bank two is where our mortgage is. I suspect my wife will be hearing soon from her bank, bank three as well as our daughter's bank. Wife is a greencard holder. My guess is she will want to dump that greencard ASAP.
Been out of country for 15 years, this is a first for us.
Lifter