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Americans living overseas, good news from the IRS about FATCA.

by Joe Mobley
2 replies
I subscribe to Scott Lilly's Moving Overseas And Living Overseas.

He has just posted some good information for those Americans that are living overseas.

Originally, you'd be required to do this additional reporting if you have more than US$ 50,000 in certain types of accounts overseas. However, the IRS released some updates the other days.
You can find the entire post here.

Some Good News About FATCA Filing For Americans Living Overseas

Joe Mobley
#americans #fatca #good #irs #living #news #overseas
  • Profile picture of the author David-JP
    Thanks for posting that- always good to keep up with latest tax info.

    He doesn't mention FBAR requirements which is only $10K in banks, and hasn't changed.

    I dont think the writer is a lawyer or tax accountant- so I'd double check on any advice!

    David (Singapore)
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    • Profile picture of the author Joe Mobley
      David,

      You're 1,000% correct. Each person should run stuff they find by there own "tax people."

      Like you, I appreciate the heads-up from the post.

      Joe Mobley


      Originally Posted by David-JP View Post

      Thanks for posting that- always good to keep up with latest tax info.

      He doesn't mention FBAR requirements which is only $10K in banks, and hasn't changed.

      I dont think the writer is a lawyer or tax accountant- so I'd double check on any advice!

      David (Singapore)
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