> most ordinary people won't see any problem with taxation while abroad beyond the actual inconvenience of filing a 1040 because the foreign earned income exclusion
Well that and most banks refusing American customers because they don't want to deal with FBAR/FINCEN reporting.
My American friends here in Europe have a really difficult time opening a bank account due to this rule.
It's not only foreign banks refusing American customers. American companies such as Fidelity, Vanguard, Charles Schwab and so on won't open investment accounts for Americans abroad and will freeze accounts if they discover you are abroad.
Well that and most banks refusing American customers because they don't want to deal with FBAR/FINCEN reporting.
My American friends here in Europe have a really difficult time opening a bank account due to this rule.