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How can the US tax foreign income? Presumably they would have no idea about your earnings abroad.
by arbol 8y ago
How can the US tax foreign income? Presumably they would have no idea about your earnings abroad.
- tcoff91 8y agoIt’s up to you to report it and it’s a crime not to.
- CydeWeys 8y agoMost places you'd want to move to have extradition treaties with the US.
- scottlocklin 8y agoWell, you've never lived abroad... Google FACTA some time when you're feeling cheerful for a real downer. The IRS and Treasury basically treating the world wide banking system as their dominion. Expats usually don't renounce because of the worldwide taxation rules (though they don't help); they renounce because of FACTA.
- amaccuish 8y ago> Well, you've never lived abroad Maybe he's not American?
- mixmastamyk 8y agoMany countries are now sharing this info, with stiff penalties for non-reporting. It's worth mentioning that this only affects the middle class. There's a 100k deduction on the low end, while the rich have staff to hide the money at the top.