In our first episode of Gimme Some Truth for Expats, Keith Poniewaz (Ph.D.), Stan Farmer (CFP®, J.D.) and Syl Michelin (CFA®) bring their first-hand knowledge as expats to the table to set the stage for the podcast, as they outline the key financial complications for Americans outside of the U.S. 

Unfortunately, being an American and moving abroad doesn't mean smooth sailing when it comes to avoiding Uncle Sam and those U.S. taxes. Keith, Stan, and Syl detail what citizenship-based taxation means, something that makes the U.S. particularly unique on the taxation front. As Stan puts it, you can cut ties physically with the U.S., but not fiscally. They also cover compliance and reporting, touch on Passive Foreign Investment Companies (PFICs), and more. And before you go canceling those relocation plans because of how complex and stressful financial life might seem as a U.S. expat, there's also good news too – things like the Foreign Earned Income Exclusion.

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