Retired, 'unintentionally American' former KLM pilot may lose bank account due to FATCA

Ronald Ariës is a 62-year-old Dutch citizen, who is retired from KLM, the Dutch airline. He is one of "dozens" of Dutch citizens who have been told that they "will soon lose their bank accounts" because they are "unintentionally American", but are resisting their banks' insistence that they formalize their American status by getting a Tax Identification Number, so that the banks will be able to comply with the U.S. tax evasion law known as FATCA, according to a report published last week by NRC Handelsblad, a major Dutch media organization, the website of which is NRC.nl.

  • Tax
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FBARs (FinCEN Form 114s), Form 8938s and Form 8966s: not just one but three ways Uncle Sam monitors Americans’ overseas holdings

FBARs (FinCEN Form 114s), Form 8938s and Form 8966s: not just one but three ways Uncle Sam monitors Americans’ overseas holdings

More American expats are familiar these days than they used to be with Foreign Bank Account Reports (“FBARs”), aka FinCEN Form 114s – which need to be filed by American...

Apr-07-2022