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The future repercussions may not be worth it. As a US citizen (or Green Card holder) you must a file an annual tax return wherever you live in the world, plus
by lttlrck 12y ago
The future repercussions may not be worth it.
As a US citizen (or Green Card holder) you must a file an annual tax return wherever you live in the world, plus disclose foreign bank accounts. Failure to do so can have very harsh penalties.
https://americansabroad.org/issues/taxation/us-taxes-while-living-abroad-faq/ https://americansabroad.org/issues/taxation/us-taxes-while-l...
- toomuchtodo 12y agohttp://www.irs.gov/Individuals/International-Taxpayers/Foreign-Tax-Credit http://www.irs.gov/Individuals/International-Taxpayers/Forei... So, you're paying taxes to the local government, and getting a credit towards your US taxes. You'd still file your informational return with the IRS, but they don't touch a dime of your foreign income.