Sorry, totally off topic…but as it seems like some of you are also US expats, so I thought maybe you might be interested in this survey.
The University of Nevada & American Citizens Abroad Global Foundation are doing a study on the unintended hellish effect the latest US tax laws have on US expats. They need as much input as possible to help convince Congress to fix the broken policy. The survey is anonymous and many questions do have a “prefer not to answer” option. Find out more at the American Citizens Abroad website.
If you’re long-term expat with no clear plan to move back to the States, you might want to look into your tax returns in more details. I thought I was OK doing it the way I would have done it in the States. But it turned out that just because my “local” is IRS’s “foreign” everything I do is treated as potential tax-evading action and punished accordingly. Pub 54, the tax guide for expats which I relied on for guidance, is woefully incomplete. Now I’m looking at fees in the thousands not to mention potential tax, interest, and penalties in the same region, plus the threats of losing rainy day/retirement saving options. (One UK-based adviser even quoted me an eye-watering £11,000+ fee for the pleasure of sorting out my trouble.)
Oh how I wish I had spent all my spare pences feeding my fabric stash instead of saving prudently. As they say, no good deed goes unpunished.
Please share the link if you have US expat friends. Thanks.