Tag Archives: U.S. tax compliance

When it comes to #FATCA there are four kinds of #Americansabroad

Reflecting on my day I realized that there are really four kinds of U.S. Taxable Persons abroad. Each one of them has his own set of problems. Interestingly, my day included discussions with a member of each group.

They can be grouped as follows:

File U.S. tax returns?     U.S. tax compliant?  What is their problem?
Yes                                               Yes                    Inability to live normal life*
Yes                                               No                     Subject to penalties for mistakes**
No                                                Yes                    Don’t have any income***
No                                                No                    OMG moment is coming****
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