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10 Biggest Estate Planning Mistakes
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Owe Back Taxes? Lose Your Passport

Accounting Today

(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.