Thread: escape
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  #25  
Old November 10th, 2014, 11:07 AM posted to rec.travel.europe
Tom P[_6_]
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Posts: 563
Default escape

On 09.11.2014 23:26, ALittleRockInTheCosmos wrote:
On 11/9/2014 12:57 AM, Martin wrote:

On Sat, 8 Nov 2014 19:15:18 +0000 (UTC), Erilar

wrote:

Ah, but I follow events there and I HAVE lived there in the past.


Lived long term or just visited? Paid both German and US income tax
at the same
time?


As a US ex-pat, one only pays income taxes to both countries if one's
income exceeds a certain threshold. This year, that amount for the full
year is $99,200. I doubt Erilar's income exceeds that threshold.

The biggest problem for American ex-pats these days is that the
American tax authority - the IRS, Internal Revenue Service - has put
the onus on banks where Americans have accounts to provide complete
information on those accounts, no matter where the banks are.
European banks have responded by either outright refusing to open
accounts to American ex-pats, or severely curtailing the services on
offer to those ex-pats.


If I understand correctly, the IRS doesn't understand the concept of tax
residence?