Tag Archives: loss of property

#FATCA: Where citizenships collide – Turning #Americansabroad over to the IRS and Foreign Governments


I was recently attempting to explain FATCA, FBAR and U.S. taxation practices to a friend. After deciding that I was NOT fabricating a story, she remarked:
“It’s unjust! It’s inhumane! I didn’t choose where I was born!”
(Fortunately she was not born in the U.S.).
The truth is that issues of FATCA, FBAR and citizenship-based taxation are more “citizenship problems” than tax problems.
Incompatible tax systems create problems for people subject to both tax systems.
Incompatible citizenship laws create problems for people who have dual citizenship.
U.S. tax lawyer, Virginia La Torre Jeker has just published a fascinating post where she describes the problems of “incompatibility of citizenship”. Ms. Jeker describes the problems where a country:
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