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@cheetawakeboarder As you were born in the US and have not renounced your citizenship, you are a US citizen (even without US passport or SSN). As a citizen you are required to file W9 with FFI, and also to file 1040 each year, unless worldwide gross income is less than about $13k filing single...

@acer14 Yep. Gift tax applies to the donor; there is no tax on the recipient. If your parents are NRA, no US gift tax on them. They may have gift tax in their country of tax residence. You only file 3250, and it's just informational, doesn't impact your taxes.

@bluegill_04 As far as your US tax obligations, yes this is broadly true. However, the details depend on your country of residence; whether that country considers you a tax resident; its taxation on interest, dividends, and gains; your marital/family status; whether you qualify for FEIE; income...

@tylerfed Yes, that's just a backdoor Roth conversion/rollover. The amount converted from trad to Roth counts as part of total income; if your AGI is less than standard deduction, then your taxable income is zero. Ensure that your country of tax residence also defers tax on growth within Roth...

@lilithdom Is there a reason you can't open an account with a brokerage licensed to operate in your area? If you want exposure to the US market, there are plenty of ETFs available in foreign markets that track US indices. E.g., iShares has a UCITS-compliant SP500 ETF trading as CSPX on LSE. If...

@iada FATCA refers to a number of regulations. Your responsibility regarding FATCA is only to file 8938 when required, and to file W9 with the bank when you open an account.

@shawnab Your IRAs (of any sort) would not have US taxable income until you take distributions from them. If you won't have any other US-source taxable income (e.g., from other taxable accounts, US rental property, etc), you won't need to file 1040NR. Conversion from trad to Roth is a taxable...

@iada Yes, the address on W9 is just a mailing address. The main point of W9 is to disclose to the FFI that you're a US person, so that if IRS asks the foreign revenue agency for your info, they can share it. Your residential address, tax residency, etc, is not so important for this purpose...

@discipleduchrist If you will have investments, it's not a bad idea to maintain an account with a brokerage that lets you hold US ETFs while you are resident outside the US, like IBKR or Schwab Intl. French brokerages can't offer you US-domiciled ETFs due to EU PRIIP regulations, and holding...

@eastsideeric Assuming not UK tax resident. Income and gains from non-UK sources (e.g., US-domiciled ETF) are not taxable by, or reportable to, HMRC. This is regardless of if it's in an IRA or not. Income and gains ("accrued benefits") in a pre-existing UK pension continue to be tax-deferred...

@shawnab Where your tax home moves to is relevant, e.g., tax treaty, SS totalization, and restrictions on investment (e.g., EU PRIIP). It also makes a difference if there's a chance you may return to live in the US later (e.g., for retirement). Taxable investment accounts you'd generally...

@iada The filing threshold for 8938 is much higher for individuals living abroad. 8938 is filed with your return and has the same due date; those abroad on the regular due date (15 Apr) get an automatic two-month extension, and you can easily apply for another 3 months on top of that. FBAR due...

@sdem2 UTMA/UGMA, and either wire/SWIFT (fees) or just go through the mother's account. Tax-wise it doesn't matter; it's still a gift from grandparents to grandchildren. If over $100k, the child will need to report gift from NRA on form 3250. No tax on recipient of gift.

@lovingly1961 Is your spouse a US citizen or green card holder? If not, file MFS. Very roughly, if you're DE tax resident, report world income to both DE and US. Your DE employment income is sourced to DE, so claim FTC/1116 (general category) for it (or FEIE if eligible). Your rental income...