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I think I've posted this before, but contributing to the thread... Doing my US taxes takes about 3 hours, as it's basically updating the previous year's forms
by jleyank 11y ago
I think I've posted this before, but contributing to the thread...
Doing my US taxes takes about 3 hours, as it's basically updating the previous year's forms to reflect whatever changes have been made and adjusting for salary and exchange rate. As I live in a country with higher taxes than the US, I don't pay anything. US-ians living abroad will become familiar with form 1116 and 2555...
Yeah, FATCA introduces additional paperwork (or web-work at the moment). But, I have to fill out similar paperwork for my current country to account for my US-resident accounts. So I guess both countries wish the other would just go away?