I live outside the US and so I don’t get all the US related news way over here. But yesterday I read an article in NY Times regarding a new tax rule for US citizens that have foreign bank accounts. The IRS expects them to file forms for their accounts. I know this is in the hopes of taxing rich people with bank accounts in Switzerland, but it is also a headache for poor people that happen to also have multiple citizenships, including US citizenship but live outside the US. I don’t envision going back to the US anytime soon, but I was wondering how other “non-wealthy” ordinary people in similar circumstances are dealing with this? What feelings or advice do you have on this? Personally I find the new rule overly intrusive. For example the other countries I hold citizenship do not force me to do all this useless paperwork. On top of that the U.S. never gave me any services: No health care, no nothing…
