“On one hand, online banking and voice over IP (VoIP) calling have made it easier for Americans to manage their money and stay in touch with financial advisors or accountants from anywhere in the world.  But the Foreign Account Tax Compliance Act  has created additional headaches for many. In fact, CNN Money reports that 3,000 Americans renounced their U.S. citizenship last year, three times as many as the average over the previous five years, a fact it attributes in part to these new regulations.  The financial impact of moving overseas will, of course, vary depending on the laws in your new country and other factors, but here’s a look at areas to consider.”

http://www.mainstreet.com/print/31389

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