#FATCA Hunt, fluctuating exchange rates, #Americansabroad and the #Expatriation Game

How fluctuating exchange rates, generate phantom gains + losses for #americansabroad – http://t.co/jyyFvrr4t3 – Real estate considerations — U.S. Citizen Abroad (@USCitizenAbroad) July 16, 2013   Introductory thought 1: Based on current tax law, for Americans living abroad, currency fluctuations create U.S. dollar capital gains or losses even on daily transactions as well as on […]

FEARBar – “Foreign Email Account Report” – #Offshore email reporting – coming to an information return near you!

#americansabroad : "me and UK husband paid 40% of life saving to bring me into US compliance. divorce threatened" http://t.co/Qdf6S9YxBx — U.S. Citizen Abroad (@USCitizenAbroad) June 5, 2013 What if the US wants you returned to the Homeland? The conventional wisdom is that there is not much the US can do if you are not […]

Why US citizens in Canada should NOT invest in TFSAs or any other “Foreign Trust” (RRSPs excepted)

Not if you are U.S. citizen Introduction – U.S. citizenship has opportunities, liabilities and disabilities Living as a U.S. citizen outside the “Homeland” is at best difficult and at worst impossible. Those who wish to remain U.S. citizens and live outside the United States must live by the motto: “The difficult we do today. The […]

Forcing #Americansabroad to renounce US citizenship is like #Civilforfeiture – Now “ain’t that America”

Introduction – The general principles of Civil Forfeiture Reexamined   Civil forfeiture is becoming increasingly prevalent in the United States and in Western democracies. In it’s simplest form, Civil Forfeiture is a process where governments seize your property without going through the judicial process. Governments love it. It’s efficient, profitable and risk free.  It’s on […]

More on phantom capital gains and the injustice of U.S. taxation of #Americansabroad

I was alerted to the above comment that appeared on Facebook. Here we have one more casualty of the “Code of Conduct” that governs Americans abroad. You have heard the saying: “When in Rome, do as the Romans”. When it comes to Americans abroad, the Code says: “When an American goes abroad, do as an […]

U.S. dollar FX Rates give and take – falling Canadian dollar a benefit for #Americansabroad renouncing

Video: The Canadian dollar could tumble to 83 cents next year http://t.co/ynDaVNZGQs – good for #Americansabroad renouncing US citizenship — U.S. Citizen Abroad (@USCitizenAbroad) October 6, 2014 Almost two years ago to the day, I wrote a post explaining how: How Fluctuating FX Foreign Exchange Rates Generate Capital Gains on the Sale of Property and […]

Cook v. Tait 12: Afroyim v. Rusk, the 14th amendment and the forcible destruction of US citizenship

Introduction: I have been blogging on U.S. citizenship-based taxation since 2011. In February of 2012, I wrote the “Prologue” for this series of posts: Citizenship renunciations soaring under Obama – Renunciation as an Act of Self Defense That post included the following poll. The results are shocking!   In January of 2013 I began a […]

How fluctuating FX rates generate capital gains taxes on the discharge of debt and the sale of property – US citizens abroad!

Financial planning is difficult for US citizens abroad. I have been writing a series of posts that describe the tax treatment of US citizens abroad in very specific circumstances. Few would imagine many of these circumstances. I have recently written about when US citizens abroad sell a principal residence and why US citizens abroad  should […]

Born abroad to US citizen parents in a #CookvTait world? Are you a US citizen or do have a right to US citizenship?

Introduction: Again, *Can the U.S. deem somebody to be a U.S. citizen or (in the FATCA, FBAR and CBT world) forcibly impose U.S.… https://t.co/hlDf5jiq5g — U.S. Citizen Abroad (@USCitizenAbroad) January 16, 2016 The above tweet references an earlier comment on this vitally important question. Is having the "right to U.S. citizenship the same thing as […]