IRS Fact Sheet – What you need to do – remaining issue is how to do it

On December 7, 2011 the IRS posted its Fact Sheet for U.S. citizens and dual citizens residing outside the United States. I am continuing to update my post  as new interpretations come in. Thanks in particular to @FBAR_ compliant for digging up some interesting perspectives. Some have been retweeted at: @renounceus