Are you an American citizen now living in another country? If so, you might not be aware that you still have tax obligations to the IRS, even though you may be paying taxes to your current country of residence. On this week's Goldstein on Gelt show, Doug speaks to CPA Ron Zalben, who talks about the FBAR and FATCA tax forms, what they are, and why it is so important to file them.
In the second part of the show, we continue with the U.S tax theme. Tax attorney Dave Wolf, a member of the New York State Bar Associations Tax Section and a member of the appeal committee for Maror monies in Israel, tells Doug how to deal with these tax laws, tax amnesties, and what would happen if you tried to renounce your American citizenship.