As we press to educate our elected representatives on how the injustice of US CBT affects all Australians, it is inevitable that some people will come to the unpleasant realisation that the term “US Taxpayer” may apply to them, that OMG moment that changes everything. The first reaction may be panic, or fear. Slow down, take a deep breath, and educate yourself! The absolute last thing you should do, if you are not currently compliant with US tax rules, is to hire a tax accountant. Once you hire a tax accountant you will be filing US tax returns, whether you actually need to or not. We are not suggesting that you break US law, but rather that you consider carefully how US law actually applies to your situation before taking action.
On this page we will collect links to sites that will help you work through your OMG moment and get to the other side. What that other side looks like depends on what is best for you, in your particular circumstances.
Then consider the Petros Principles – you’ll find links to all 12 here.
And look at all the links on our Other Sites page.
If you come upon any other resources that help you through, please share them in the comments.