Many “accidental Americans” filed a lawsuit after the State Department announced it would lower the fee to renounce citizenship.
Many “accidental Americans” filed a lawsuit after the State Department announced it would lower the fee to renounce citizenship.
The article makes it sound like the FACTA laws only apply to US citizens, but they also apply to all residents of the US, whether you’re a citizen or just there on a visa. Also, if you are required to file FACTA, you are also required to use a tax attorney, not just a tax accountant, which increases the costs even more.
Oh well that adds another layer doesn’t it