"He will still have every year to:

# File his US tax return and send it to the US tax authorities
# Pay taxes to the US tax authorities on his income, even if it's not from a US source
# Have to report all non-US bank accounts which have $10,000 USD on an #FBAR report
# And this will not prevent him from also having to file his tax return in Spain, and pay his taxes in Spain"

Hoe #Amerikanen door hun onfatsoenlijke overheid gedwongen afstand te doen van hun nationaliteit #FATCA #FBAR #CBT
https://twitter.com/demsabroadbe/status/1668553653488058368?s=12&t=kKW9tARaqY_ZT2XIilOaEA

#FBAR : The US Supreme Court scaled back the federal penalties for failing to file required reports listing foreign bank accounts in a ruling likely to help some Americans living abroad #FATCA #financialprivacy

https://news.bloomberglaw.com/us-law-week/top-us-court-limits-fines-for-not-reporting-overseas-accounts

#IRS #FBAR

Most #expats who are U.S. citizens or U.S. "persons" for tax purposes must file an FBAR annually. I just went to the IRS portal for this to file mine. Unbelievably, the page would not resolve until I turned on a stateside proxy server!!! This is incredible.

Are you copying this inanity? The FBAR is all about reporting *foreign* bank and financial accounts. But now, suddenly, you can't go to the site to file with a foreign IP address?! 🙄

The case involves the assessment of penalties for Foreign Bank Account Report (#FBAR) filings

Article on #FBAR Case before the U.S. Supreme Court, casd "demonstrates lack of U.S. government knowledge about U.S. citizens living and working overseas" #FATCA #CitizenshipBasedTaxation

https://www.americansabroad.org/news/bittner-vs-us-demonstrates-lack-of-us-government-knowledge-about-us-citizens-living-working-overseas/

@simonhania

De partners van US persons die via #FBAR in de informatiestroom worden mee genomen. En iedereen op wiens rekening een US person tekeningsbevoegd is; dat was een pijnpunt voor de Volksbank toen ze een green card houder statutair bestuurder maakten...