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As a U.S. person* living abroad, you might think that what you have in the bank overseas is none of the U.S. Government’s business. But you would be wrong; unfortunately, it is their business to know, even if the money is attracting zero percent interest or part of your “emergency only” fund.  FBAR stands for […]

Renouncing your U.S. citizenship is easy – sort of.  As a U.S. expat, having to file tax returns in your country of residence and back in the States can be a time-consuming past-time and an expensive one if you have to pay tax in both. You may even be considering renouncing your American Citizenship as