The tax world is clearly becoming more interconnected and globalized with countries exchanging financial information about each other’s citizens through FATCA or the upcoming...
As this publication and others have recently noted, banks outside of the United States are sending FATCA letters, including form W-9, to their U.S. citizen banking clients. Here's what you need to know.
The processing fee to renounce U.S. citizenship went up 422 percent, according to a press release from the U.S. Embassy in San José on Wednesday. Starting on Sept. 12, the fee to renounce U.S. citizenship is increasing from $450 to $2,350. U.S. citizens living abroad have been giving up their passports in record numbers in recent years, and the State Department seems primed to make some money in the process.
