Utterly Overwhelmed and Angry

I know that I have written about this before but I really am now totally overwhelmed by US taxes as I think are many overseas US citizens. US citizens living overseas are treated like criminals by the USA and heavily penalized in the form of a growing web of complex rules and reporting requirements that even the IRS doesn’t actually seem to understand and that now required specialist tax assistance (i.e expensive). When you add to that filing in the Czech Republic – which is actually relatively simple – it is just too much. Tomorrow, I head to Prague where I will review and file tax returns for each year from 2009 – 2013. I will also file a whole array of other special tax forms and reports to the

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The FBAR – One of the Joys of Keeping US Citizenship

I got an email reminder from my accountant this morning…. oh joy of joys, it is FBAR time. Just to remind everyone what this is it is a report required of all US citizens living abroad (commonly known as tax evading criminals). I reproduce his email below just so you can see what all is involved in that invasion of my privacy by the US Government…. The bolding is mine… The Foreign Bank Account Report, or TDF 90-22.1 is due to be received by the Department of the Treasury no later than the 30th of June, 2013. Please remember that the FBAR requires you to present information about all non-US bank accounts, brokerage accounts or life insurance/pension insurance securities accounts in which you have a > 50% financial interest, or

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