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What aspects of US extraterritorial taxation and reporting policy cause you the most pain?
Inability to claim sales tax deductions for VAT paid abroad
Alternative Minimum Tax issues limiting effect of FEIE, FTC or Foreign Housing Exclusions or Deductions
Inability to deduct certain things deductable in the US, like green vehicles
FBAR reporting - invasion of privacy to which Homelanders are not subject
FBAR penalties -- loss of life's savings earned and already taxed abroad
FATCA reporting - invastion of privacy to which Homelanders are not subject
FATCA penalties -- loss of life's savings earned and already taxed abroad
Family privacy issues that prevent good faith FATCA or FBAR reporting
Shut out of foreign banking due to FATCA
Shut out of US banking due to Patriot or KYC
Shut out of employment or business partnerships due to FATCA, FBAR, or double taxation.
Posted 6 years.
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