1. Owe Back Taxes? Lose Your Passport

    Owe Back Taxes? Lose Your Passport

    (Bloomberg) The roughly 8 million Americans who live abroad automatically get a couple additional months each year to file their taxes. Don’t expect them to be grateful. Filing to the Internal Revenue Service from overseas is more confusing, complicated and expensive than it is for Americans at home (and that's saying something). Unlike almost every other country in the world, the U.S. demands its citizens pay taxes on all foreign income.

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  2. Quotes

    1. A lot of people are very, very angry about the whole situation.
    2. It's very easy to feel like you're a criminal [for] doing normal things.
    3. Many people have to pay thousands of dollars just to show they owe no money to the IRS.
    4. We, as Americans overseas, cannot live normal lives, We're seriously limited in being able to save like stateside Americans.
    5. These are not people who are hiding money.
    6. If the government enforces this in the most stringent way possible, this could be hugely horrible for people who live overseas.
    7. Nobody sends you a memo when you go overseas.