How are American expats dealing with the strict new tax law ?
Many expats are dealing with IRS Form 8938 by finally discussing their situation with a U.S. tax attorney who specializes in this area. Complying with the law can be difficult, and the penalties can be harsh, so it's a good idea to make sure you've filed everything you need to. Plus, in many situations, you can legally reduce your U.S. tax bill SIGNIFICANTLY, maybe even to ZERO, by structuring things correctly. So, those who try to hide instead of doing things correctly are really just doing themselves a disservice.