American Moving Abroad? The IRS Is Coming With You. Here's What That Means

Nobody wants to talk about taxes. Until the IRS sends them a letter, at which point everybody wants to talk about taxes very urgently.This week I'm giving you the heads up before that happens. The basics of what Americans abroad actually need to know about US taxes — why you still have to file even when you live somewhere else, why you probably won't owe anything, what FBAR is and why the penalties for missing it are genuinely alarming, and what to do about your state taxes before you leave.This is not tax advice. I am not a tax professional and I will tell you approximately forty times in this episode to hire one. But this is the awareness conversation that nobody is having clearly enough in the move abroad space and you deserve to know this stuff before it becomes a problem.Important disclaimer: This episode is general awareness only. Please consult a qualified expat tax professional for advice specific to your situation.