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Lisa Culton
Nomad Capitalist
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Comments by "Lisa Culton" (@LisaCulton) on "Paying Taxes with Five Passports (NOT What You Think)" video.
@chrisw6337 US persons have special problems in foreign countries due to FATCA.
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This is really going to be a burden on your children.
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@DaveDave-e4t It's a burden on them when they return to live in a foreign country. US citizenship makes banking, investments, and business mostly impossible and then add the high cost and stress of filing while overseas and the additional taxation... You're not doing them any favors.
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@chrisw6337 if they have become US citizens, then they are US persons, it doesn't matter where they were born. The very same thing happened to my son. When the financial institutions outside of the US find out that they are US persons, their goose is cooked.
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