“It may seem obvious, but Americans who have lived abroad for many years and not filed tax returns still sometimes do not realise that they will bring the IRS down on them like a ton of old tax records when they: 1. Register the birth of their child at a US embassy in the country where they now live, or 2. Renew a long-dormant US passport. 3. Appearing at a US airport with a non-US passport that reveals the bearer was born in the US is almost certain to set alarm bells clanging back at IRS headquarters in Washington. 4. [..]”
http://www.portfolio-adviser.com/galleries/news/20-ways-fatca-will-catch-your-clients
Related posts:
A Modest Monetary Proposal
Zimbabwe threatening privacy rights with new SIM registration database
Glenn Greenwald: Congress ‘forced to learn about what the NSA is doing’ from newspapers
The Secret Fed Paper That Advocated a "Carry Tax" on All Physical Cash
Marc Faber Buying Gold, But Won't Keep It In America
America’s Roads Have Been Turned Into A Revenue Generating Surveillance Grid
More than half the members of Congress are millionaires
What Is at Stake in the BLM vs. Bundy Showdown
Internet Archive Federal Credit Union Backed by Internet Pioneer Brewster Kahle
Default SSH Key Found in Many Cisco Security Appliances
Homeland Security Using Video Games to Recruit Top Students as Cyber Warriors
Goldman Sachs Revenue More Than Doubles
Is Your Local Police Department Using Pictures of Pregnant Women and Children for Target Practice?
Redditors Raise More Than 32 Bitcoins (over $4,000) for Homeless Shelter
Jeff Berwick on Practical Solutions to a Collapsing World Order