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To: VanShuyten
A lot of foreign banks found that too onerous and just ended business with Americans, whether or not they were US or foreign residents.

The bigger problem is that U.S. banks and brokerages now treat non-resident U.S. citizens as pariahs. See my previous posting above.

Regards,

24 posted on 06/30/2018 11:18:21 PM PDT by alexander_busek (Extraordinary claims require extraordinary evidence.)
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To: alexander_busek

Yes. We’re having some confusion, too. Mrs. VanShuyten is a naturalized US citizen. She has some foreign private and government pension and health annuities maturing, and we have questions about the whole asset/income reporting requirements, and repatriation taxes. I think we’re going to take a big US tax hit, both from the repatriation tax and regular US income tax. The foreign financial institutions don’t seem to be concerned, as their payments are lump sum, one-time, end-of-contract payments, but who knows?


29 posted on 07/01/2018 8:47:10 AM PDT by VanShuyten ("...that all the donkeys were dead. I know nothing as to the fate of the less valuable animals.")
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