Evianers Posted February 15, 2018 Share Posted February 15, 2018 My pen-friend, born in the USA but now [after an incredibly long and painful journey] an Italian citizens via her grandparents, wants to come and live in Europe, probably France but maybe the northen part of Italy. Question is, can she open a bank account in France/Italy without being penalised as an American-born citizen? Tricky, but not insurmountable problem.Thank you in advance for all knowledgeable answers. Link to comment Share on other sites More sharing options...
BritinBretagne Posted February 15, 2018 Share Posted February 15, 2018 Do you mean before or after she arrives in France? After there will be no problems as she will be an EU citizen but before the logistics might be complicated. Link to comment Share on other sites More sharing options...
Evianers Posted February 15, 2018 Author Share Posted February 15, 2018 Good question...... she means after she has emigrated from the US to France/ItalyThank you in advance. Link to comment Share on other sites More sharing options...
BritinBretagne Posted February 15, 2018 Share Posted February 15, 2018 She will have no problem? Why should she wherever she was born? Link to comment Share on other sites More sharing options...
andyh4 Posted February 15, 2018 Share Posted February 15, 2018 Special reporting rules to the US authorities are required, if you are a US citizen. Some banks will resist doing it, so I am led to believe, but if they have any presence at all in the US they have to (or have assets seized). Simple solution - they will not take you on as a customer.I cannot give any first or even second hand examples, but one key question now on the banking disclosure forms that we are required to submit is "Are you a US citizen?" Link to comment Share on other sites More sharing options...
BritinBretagne Posted February 16, 2018 Share Posted February 16, 2018 The difficulty will be finding a French bank that is prepared to deal with the IRS. It might be better to ask this question on the green forum that is mainly populated by Americans, plenty of experience. ALBF is a member there, perhaps he will ask the question. Link to comment Share on other sites More sharing options...
alittlebitfrench Posted February 16, 2018 Share Posted February 16, 2018 Yes BinB is probably correct.Ask the question on....http://www.expatforum.com/expats/france-expat-forum-expats-living-france/It is moderated by a loverly American lady who knows everything about France and all the bureaucracy that goes with it. There are also lots of other Americans/International expats who I am sure will give their advice. PS...I would ask the question but I don't really understand the question itself. Link to comment Share on other sites More sharing options...
nomoss Posted February 16, 2018 Share Posted February 16, 2018 [quote user="alittlebitfrench"]Yes BinB is probably correct. ............. [/quote]Do you mean when he said"She will have no problem? Why should she wherever she was born?"or when he said"The difficulty will be finding a French bank that is prepared to deal with the IRS." Link to comment Share on other sites More sharing options...
BritinBretagne Posted February 16, 2018 Share Posted February 16, 2018 I was presuming that having gone to great lengths to get Italian citizenship she was cutting her ties with the USA. In that case where she was born didn’t matter, as an EU citizen where she was born would be irrelevant. However, if she retains US nationality that keeps the IRS in the picture. What I’m saying is I was right both times but it depends on the context. Link to comment Share on other sites More sharing options...
andyh4 Posted February 16, 2018 Share Posted February 16, 2018 Cutting ties with the US is the diplomatic equivalent of the medical cutting ties with Herpes. Link to comment Share on other sites More sharing options...
Cathar Tours Posted February 16, 2018 Share Posted February 16, 2018 Renouncing your US citizenship is easy enough to do but there are a couple of "catches"."E. TAX & MILITARY OBLIGATIONS /NO ESCAPE FROM PROSECUTIONPersons who wish to renounce U.S. citizenship should be aware of the fact that renunciation of U.S. citizenship may have no effect on their U.S. tax or military service obligations (contact the Internal Revenue Service or U.S. Selective Service for more information). In addition, the act of renouncing U.S. citizenship does not allow persons to avoid possible prosecution for crimes which they may have committed in the United States, or escape the repayment of financial obligations, including child support payments, previously incurred in the United States or incurred as United States citizens abroad."You can't revoke your "minor" children's citizenship either.https://travel.state.gov/content/travel/en/legal/travel-legal-considerations/us-citizenship/Renunciation-US-Nationality-Abroad.htmlA guy I work with has just completed his German citizenship and has done this. You have to go to the American Embassy and it takes about an hour. They really tried to put him off doing it. Link to comment Share on other sites More sharing options...
Evianers Posted February 17, 2018 Author Share Posted February 17, 2018 Our combined and profound thanks - from NC and from Evian Link to comment Share on other sites More sharing options...
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