Few recent U.S. Supreme Court rulings have hit American expat taxpayers, and the experts who advise them on tax matters, as powerfully as last Tuesday's decision in a long-running FBAR case involving a "non-willful" dual citizen named Alexandru Bittner.
European Union and U.S. officials did, in fact, discuss "issues relating to the Foreign Account Tax Compliance Act (FATCA)" at a meeting of the U.S. - EU Joint Financial Regulatory Forum, as EU official had been anticipating and planning for, ahead of the Feb. 7 - 8 meeting, an official joint statement of the meeting has revealed.
Hearing Americans who've been living abroad for 10 or more years, and sometimes for most of their adult lives, describe how they got there is always interesting, I find. Many people's stories, of course, tend to be variations on a couple of predictable themes (work reasons, falling in love with someone from the country in question, etc.).
Vince Truong, however, says he was drawn to Dubai by an article he read...
In 2010, when President Obama signed the Foreign Account Tax Compliance Act into law – hidden inside a domestic jobs bill few still remember, called the HIRE Act – Rebecca Lammers had been only been living in London for a few years, although she'd done a couple of semesters of college abroad (in Ecuador and London).
