My only fear now is that the clock will strike 2013 – when the FACTA will actually go into effect – and the banks where I live will tell “You are American, so you must move your account someplace else.”
Happy Dr. Drake? It’s now a local concern for me, and not international banking.
Actually, I “served” in the military for 8 years so I owe nothing there. I also don’t make enough money to even owe taxes in America. With this FACTA thing, the US has fallen off its rocker. They also can’t deny entry based on renunciation, even for tax reasons. It was ruled unconstitution by Congress.
Have you seen the latest renuciation stats? There were about higher than last year, but a lot of people are complaining, saying that they aren’t on the list.