Foreign Account Tax Compliance Act
How does living abroad affect the taxes that an American is required to pay? Unlike most other countries, the United States does not impose a tax.
This unique system creates a web of complexity, including stringent reporting requirements and potential penalties, which can leave many US citizens feeling overwhelmed. This unique system creates a web of complexities, including stringent reporting requirements and potential penalties, which can leave many US citizens feeling overwhelmed.
In this discussion, Marylouise Serrato from American Citizens Abroad, joins Kyle Hulehan to explore the implications of Foreign Account Tax Compliance Act (FATCA) for Americans living outside the United States. Together, they’ll unpack the compliance hurdles and misconceptions surrounding US tax obligations abroad, offering insights on the future of tax policy and its impact on the global American community.Links Apple Podcasts Google Podcasts Spotify
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