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| It is a big deal because I don't think the US government should be able to nose into expat bank accounts. If you're no longer resident in the US, you shouldn't need to tell them what you've got or not. It is intrusive and invasive. | |
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When someone is a citizen of the US, then they are breaking US law, if they don't file the FBAR. Why should an expat be able to hide money? It is a big deal when they are millions of taxes (billions probably) that are not paid.