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by csomar
964 days ago
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Beyond CFBP, you need to determine the consequences of transitioning from a US person to a non-US person. There are tax and reporting consequences and the possibility of bad support. This should have been done before but do not worry about “losing” your money, just maybe not being able to access it at the moment. Apart from US laws (if you do not have any interest on the account you are fine), you might have a complex situation at home. The US is not part of the CRS, so they are probably not sharing stuff with your local government. However, if you plan to transfer this money at some point to Europe, you better fix this situation now. Your country might perceive this money as undisclosed income. |
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