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ATTN: All American Citizens! Taxes! Citizen vs. Residency based taxation, FBAR, FATCA, please read!

ROC taxes, overseas payment of taxes, withholding rates, general tax liability issues, and other tax-related matters
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Re: ATTN: All American Citizens! Taxes! Citizen vs. Residency based taxation, FBAR, FATCA, please read!

Postby JeffG » 02 Oct 2015, 21:56

Well here's something new... Shanghai bank is now requesting PROOF that your social security number you write on the w9 FATCA forms is really yours. As the US has taken our SS numbers off our driver's licenses, most anyway, and which is a good thing, if you don't have that stupid little blue card you got when you were like 1 year old than you're pretty much SOL.
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ATTN: American Citizens living in Taiwan, please support American Citizens Abroad - ACA http://www.americansabroad.org/

Americans living in Taiwan CALL your senators and representatives and ask them to repeal FATCA and support residency based taxation (RBT) for Americans living abroad! Writing a letter is useless! FATCA has been implemented and banks will be collecting your information here. In addition renunciation fees are now $2350! Insane!

The future is something which everyone reaches at the rate of sixty minutes an hour, whatever he does, whoever he is.
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Re: ATTN: All American Citizens! Taxes! Citizen vs. Residency based taxation, FBAR, FATCA, please read!

Postby Chris » 02 Oct 2015, 22:16

Or use another bank.
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Re: ATTN: All American Citizens! Taxes! Citizen vs. Residency based taxation, FBAR, FATCA, please read!

Postby JeffG » 02 Oct 2015, 22:23

Well Chris, as you have been in Taiwan quite awhile, you understand that some companies require certain banks to get your salary, so for those unlucky enough to get stuck with this particular bank they may be in deep doo. Additionally I would not be surprised that other banks may have this same policy or some other idiotic policy against Americans now. It is getting more and more interesting as this goes on.
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ATTN: American Citizens living in Taiwan, please support American Citizens Abroad - ACA http://www.americansabroad.org/

Americans living in Taiwan CALL your senators and representatives and ask them to repeal FATCA and support residency based taxation (RBT) for Americans living abroad! Writing a letter is useless! FATCA has been implemented and banks will be collecting your information here. In addition renunciation fees are now $2350! Insane!

The future is something which everyone reaches at the rate of sixty minutes an hour, whatever he does, whoever he is.
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Re: ATTN: All American Citizens! Taxes! Citizen vs. Residency based taxation, FBAR, FATCA, please read!

Postby archylgp » 03 Oct 2015, 19:35

Partially related: The IRS told my mom she would go to jail unless she paid them 40k plus USD. She got a lawyer. The lawyer said they are bluffing! And, gets better, she said they do it all the time!! The IRS didn't even show up to court. Cost my mom 2k plus for the lawyer to fight it, but that's better than 40k....They aren't trying to help people; they're trying to extort money...
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Re: ATTN: All American Citizens! Taxes! Citizen vs. Residency based taxation, FBAR, FATCA, please read!

Postby Chris » 04 Oct 2015, 16:03

JeffG wrote:...that stupid little blue card you got when you were like 1 year old than you're pretty much SOL.

Surely you mean 18 years old...

In any case, neither of my banks here have mentioned an iota about FATCAT.

If my bank asked for my Social Security card, I'd provide the bank with the scanned copy I have, and failing that, ask my dad or sister to fish it out of the box I keep it in back home and mail it to me.
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Re: ATTN: All American Citizens! Taxes! Citizen vs. Residency based taxation, FBAR, FATCA, please read!

Postby JeffG » 04 Oct 2015, 16:29

Chris wrote:
JeffG wrote:...that stupid little blue card you got when you were like 1 year old than you're pretty much SOL.

Surely you mean 18 years old...

In any case, neither of my banks here have mentioned an iota about FATCAT.

If my bank asked for my Social Security card, I'd provide the bank with the scanned copy I have, and failing that, ask my dad or sister to fish it out of the box I keep it in back home and mail it to me.


No, I did mean as a child, I got mine prior to 18 years old, as a matter of fact I remember getting it when I was younger than 10, perhaps things have changed. But at that time we could get them before 18.

My old banks have not contacted me other than HSBC that required all sorts of BS documentation. But opening a new account at just about any bank now will definitely bring it up. And it's not FATCAT it's FATCA, as I don't subscribe to the whole FAT CAT BS. Those guys will never get caught, but they are surely making problems for those of us who attempt to follow the law. And none of this would be an issue if the US finally did the right thing by changing CBT to RBT.

Chris what I am mostly concerned about here is the apathy about the whole thing, the US government says jump so we all need to jump or get left out, and when Taiwan government jumps with them and passes on all the problems and Americans abroad are still apathetic to the whole thing, it bugs me. You have not stated your position on FATCA, but from the messages I can only wonder. Simply bowing down and agreeing to all these new rules is not a good thing in my opinion.
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ATTN: American Citizens living in Taiwan, please support American Citizens Abroad - ACA http://www.americansabroad.org/

Americans living in Taiwan CALL your senators and representatives and ask them to repeal FATCA and support residency based taxation (RBT) for Americans living abroad! Writing a letter is useless! FATCA has been implemented and banks will be collecting your information here. In addition renunciation fees are now $2350! Insane!

The future is something which everyone reaches at the rate of sixty minutes an hour, whatever he does, whoever he is.
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Re: ATTN: All American Citizens! Taxes! Citizen vs. Residency based taxation, FBAR, FATCA, please read!

Postby Flakman » 04 Dec 2015, 20:00

Well, now seems Americans who do not pay taxes could have their passports cancelled. From Forbes...."The State Department could revoke, deny or limit passports for anyone the IRS certifies as having a seriously delinquent tax debt in an amount in excess of $50,000."

My prediction....eventually U.S. government will ask foreign governments to cancel residency visas for those taxpayers who don't pay overdue taxes.
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Re: ATTN: All American Citizens! Taxes! Citizen vs. Residency based taxation, FBAR, FATCA, please read!

Postby JeffG » 04 Dec 2015, 20:17

Don't give them any new ideas Flakman. Though if they do this one could end up stateless.

Here is the wall of shame, contact your senators now! https://www.govtrack.us/congress/votes/114-2015/h673
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ATTN: American Citizens living in Taiwan, please support American Citizens Abroad - ACA http://www.americansabroad.org/

Americans living in Taiwan CALL your senators and representatives and ask them to repeal FATCA and support residency based taxation (RBT) for Americans living abroad! Writing a letter is useless! FATCA has been implemented and banks will be collecting your information here. In addition renunciation fees are now $2350! Insane!

The future is something which everyone reaches at the rate of sixty minutes an hour, whatever he does, whoever he is.
C.S. Lewis
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Re: ATTN: All American Citizens! Taxes! Citizen vs. Residency based taxation, FBAR, FATCA, please read!

Postby meyers66 » 08 Dec 2015, 20:56

I'm a long term expat and I hired a company in NYC to file my US taxes in 2012 and 2014. Send me an email if you are interested.
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Re: ATTN: All American Citizens! Taxes! Citizen vs. Residency based taxation, FBAR, FATCA, please read!

Postby JeffG » 08 Dec 2015, 23:09

I think finding an accountant is not the problem, it is finding an accountant who actually understands how to do expat taxes which are so complicated that a lot of them are clueless. ACA has a list of accountants that do expat taxes, I would highly advise anyone here to use a company on that list if they need an accountant.
Image

ATTN: American Citizens living in Taiwan, please support American Citizens Abroad - ACA http://www.americansabroad.org/

Americans living in Taiwan CALL your senators and representatives and ask them to repeal FATCA and support residency based taxation (RBT) for Americans living abroad! Writing a letter is useless! FATCA has been implemented and banks will be collecting your information here. In addition renunciation fees are now $2350! Insane!

The future is something which everyone reaches at the rate of sixty minutes an hour, whatever he does, whoever he is.
C.S. Lewis
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