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Forum: USA
Sep 23rd 2011, 12:39 am
Replies: 20
Views: 6,086
Posted By nun

Re: IRS goes after non-resident US citizens

Even with delinquent FBARs?

FATCA is the one that really worries me as who knows how UK banks will deal with it
Forum: USA
Sep 22nd 2011, 12:05 pm
Replies: 20
Views: 6,086
Posted By nun

Re: IRS goes after non-resident US citizens

Just a quick observation about this point. As a US/UK citizen living in the UK the capital gains situation on mutual funds is messed up.

If I own US based funds I'll pay US capital gains, but...
Forum: USA
Sep 22nd 2011, 2:30 am
Replies: 20
Views: 6,086
Posted By nun

Re: IRS goes after non-resident US citizens

I'm not going to be in a high tax bracket, but my taxes will be very complex as I'll be a US/UK dual citizen living in the UK and I'll be taxed by HMRC on an arising basis ad by IRS on my worldwide...
Forum: USA
Sep 21st 2011, 7:38 pm
Replies: 20
Views: 6,086
Posted By nun

Re: IRS goes after non-resident US citizens

A quick question for theOAP. I've never paid tax in the UK because I left straight after college so how does HMRC inform you of the tax withheld on UK accounts and your earned income? Also are there...
Forum: USA
Sep 21st 2011, 7:26 pm
Replies: 20
Views: 6,086
Posted By nun

Re: IRS goes after non-resident US citizens

How you are taxed will depend on your citizenship and residency status. If you are a US citizen, then moving out of the US will not change how the IRS taxes you, but you will be able to apply credits...
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