foreign earned income exclusion

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05-27-2015 | 03:45 AM

#41

Whip Whitaker

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Joined: Nov 2013

Posts: 48

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From: MD-80 Captain

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

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Joined: Nov 2014

Posts: 309

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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

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Joined: Jun 2006

Posts: 431

Likes: 1

From: 737 FO/Capt/FO

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