TAXES! American Citizens Abroad want Residence-Based Taxation - ep.186 with Marylouise Serrato

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When it comes to taxes, did you know that American citizens who live abroad have to file taxes in their country of residence AND the IRS wants them to also file taxes in the USA? This is called CITIZEN-BASED TAXATION, and the USA is one of only two nations that tax their citizens in this way. Many of these American Citizens who live abroad own no property or assets in the United States, and have no connection to the USA other than their citizenship.

How about RESIDENCY-BASED TAXATION?

The non-profit organization American Citizens Abroad has done some research on this taxation issue, and Marylouise Serrato speaks with me about it in this episode.

Marylouise Serrato is the Executive Director for American Citizens Abroad.  Check out this webinar which highlights the findings of ACA concerning the taxation of American citizens who live abroad.

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#taxation

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