> In fact, the laws are so strict, they make living abroad as an honest middle-class expat a total nightmare. I have friends who cannot find a single bank in their country that will work with them because of the reporting requirements of working with US citizens.
What? This is not true at all. Getting a bank in most other countries is not hard at all and certainly not a "nightmare."
As a U.S. citizen you must still file taxes and an FBAR that merely reports your assets in foreign accounts, but I've never seen a bank have any problems opening an account for an American, in any country.
What? This is not true at all. Getting a bank in most other countries is not hard at all and certainly not a "nightmare."
As a U.S. citizen you must still file taxes and an FBAR that merely reports your assets in foreign accounts, but I've never seen a bank have any problems opening an account for an American, in any country.