Welcome to episode 3 of American Overseas
America is the only first-world country in the world that enforces a tax duty on American citizens, wherever they live or work.
I’m Linda Mabelis and today I’m speaking with experience expert Daan Durlacher.
The subject is: When am I a US citizen and when do I need to pay or file my taxes?
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We, the founders of Americans Overseas, were born in the Netherlands and obtained our American nationality through our (American) mother.
When we heard about the US tax system for the first time around 2013, we were in total disbelief (it can’t be true!), anger (how can they do this?), fear (am I going to get fined or pick up other problems?), and panic (what should I do?). It is (unfortunately) true that there is an additional American tax levy. But there’s no information from the local government, and when approached, the consulate referred us to the IRS, and the IRS was impenetrable.
That’s why we started this initiative to help people from all over the world by providing proper information about the US tax system to avoid unnecessary panic and offering help free of obligation and free of charge. If needed, we have a network of affordable professionals (accountants) who can help you with your bitcoin tax obligations.