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Podcast: Offshore Tax with HTJ.tax
Episode: Hidden French Reporting Obligations for US Citizens
Description: Moving to France does not mean leaving complex tax reporting behind. In fact, U.S. citizens living in France often face two parallel reporting systemsβone under French law and another under U.S. rules.In this episode, we highlight some of the most commonly overlooked French compliance obligations that can expose taxpayers to penalties if ignored.π«π· 1οΈβ£ Reporting Foreign Bank AccountsFrench tax residents must disclose all foreign bank accounts held during the year.This includes:β’ Checking and savings accounts β’ Brokerage accounts β’ Digital payment accounts in some cases<...