Living As a U.S. Citizen in a #FATCA and #FBAR World

Here is the video of the meeting that took place this past Monday, December 5, 2016 at the Atwater Library in Montreal. Once again, John Richardson and Andrew Grossman meet up to discuss, analyze and muse over the situation expats find themselves thanks to the complexity to the U.S. tax code. Bizarre!

Super thanks to David Zimmerly for making the trek (through snow), setting up/videoing, and already having the finished product!

ENJOY & please share widely!

A set of posts form a perfect companion set to this video. On John writes:

This series of posts developed from my “Educational Outreach” program for Americans abroad. It is an effort to respond in a practical way to the questions that people have.

“When in Rome, live as a Homelander” does, when elsewhere, live as they live elsewhere.”

Chapter 5: Living Clean – How to live outside the United States in an #FBAR and #FATCA world

Americans abroad are constantly told that they should “come clean”. They should file their U.S. taxes. This assumes that they are somehow “unclean” or perhaps “dirty”. The life of an “American abroad” is about three things:

1. “Thinking Clean” – The importance of “thinking clean” while living abroad.

2. “Coming Clean” – Atoning for the sins of “living abroad” and entering the U.S. tax system; and

3. “Living Clean” – Living as a Homeland American outside the United States

Whether you have yet to decide about coming into compliance or you have filed (but are unsure whether you or your tax compliance firm has actually done all that is required), check out this set of posts to get a taste of what’s involved:

“Coming Into Tax Compliance Book” – How Americans can come into U.S. tax compliance in a FATCA world

You can’t make this stuff up!

2 thoughts on “Living As a U.S. Citizen in a #FATCA and #FBAR World

  1. Tom

    Providing the public with this information is great, but what I simply can’t understand is why nearly every report about the damage that FATCA has caused, never, absolutely never, has the presence of a lawmaker from the United States to comment or respond. It just seems, for over five years already, as if lawmaking in the United States operates in a vacuum, where those most impacted and hurt by legislation, in this case FATCA, are left to discuss it over and over among themselves with no interaction or presence from any lawmakers, Senators, Congressmen/women. People just repeat the terrible facts and the damage that it has caused, yet nobody even bemoans or mentions that “we unfortunately don’t have any lawmakers with us today”, or “the lawmakers or diplomats we asked to join us refused” and give their names. Apparently U.S. “democracy” operates in a bubble, far removed from those that bear the brunt of its most detrimental and nefarious effects. Why wouldn’t a Senator from across the border attend the presentation shown above? Why wouldn’t the U.S. Consul from Montréal attend? Were they invited? Were journalists invited? Talking amongst ourselves is fine, but there are supposedly lawmakers, elected by citizens within the country, who drafted and voted this horrible and destructive legislation into law. Aren’t U.S. lawmakers accountable to their constituents, accountable to their citizens? Am I asking too much from what has today become a totally undemocratic and unrepresentative system, a total mockery of democracy and its most basic principles?

    1. WhiteKat

      Interesting comment Tom. It does seem that ‘US expats’ are mostly moaning amongst themselves and that no one in the US government cares. Despite my birth in the ‘land of the free’, I am just an average Canadian. Unlike the title of the video, I am not “living as a US CITIZEN in a FATCA and FBAR world” since I identify as Canadian, rather than American. However, as a Canadian with a US birth place, I am extremely negatively affected by these American laws. Furthermore, I sympathize with ‘US expats’ who feel that their home country – the USA – just doesn’t care about them. My country – Canada – doesn’t care about how US law affects me either, and I’m not a ‘Canadian expat’. I actually live and pay taxes in Canada.

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