The USA is probably the only country in the world (besides Eritrea) that attempts to tax the revenue of those of its citizens who live abroad. This is unfair, violates the Constitution and the International Declaration of Human Rights, as well as the constitutions and privacy laws of many countries. Stop US double taxation, FATCA and FBAR now! The price of Freedom is Eternal Vigilance (T. Jefferson)
Lately, I keep hearing people say that ignorance of the law is no excuse and it does not constitute “reasonable cause” in the eyes of the IRS. Both notions are false with regard to the Foreign Bank Account Report (FBAR).