foreign earned income exclusion

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05-27-2015, 03:45 AM

#41

Whip Whitaker

Line Holder

Joined APC: Nov 2013

Position: MD-80 Captain

Posts: 48

Quote:

Originally Posted by airspeed1974

Whip,

Just be a bit more courteous will ya? Whether you think my advice is dumb or not doesn't give you the right to talk to people that way

Fair enough, I'll tone it down.

05-27-2015, 09:32 AM

#42

airspeed1974

Banned

Joined APC: Nov 2014

Posts: 309

Thanks. We are all pilots at the end of the day it's best we try to help one another. I hate the IRS just as much as the next guy.

06-08-2015, 05:30 AM

#43

Starlifter

Gets Weekends Off

Joined APC: Jun 2006

Position: 737 FO/Capt/FO

Posts: 427

Quote:

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