American Citizens Abroad’s letter putting more pressure on the US Treasury to provide relief for FATCA reporting was was reprinted by Tax Notes Today International and Treasury Tax Correspondence, “Expatriates Group Reiterates Call for FATCA Relief” September 7, 2022
"ACA is once again requesting that the US Treasury consider regulations to alleviate the burdensome reporting requirements and fall out from the Foreign Account Tax Compliance Act (FATCA) that locks-out many US citizens from maintaining bank accounts and financial investment accounts overseas in the foreign jurisdictions where they are legitimate residents.
These accounts are not “off-shore” for US citizens who are legitimate residents in these countries and should be viewed differently than US citizens resident in the United States and holding accounts in foreign jurisdictions which should clearly be considered 'off-shore.'"
These accounts are not “off-shore” for US citizens who are legitimate residents in these countries and should be viewed differently than US citizens resident in the United States and holding accounts in foreign jurisdictions which should clearly be considered 'off-shore.'"