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submitted 7 months ago by jeffw@lemmy.world to c/nottheonion@lemmy.world
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[-] Wizard_Pope@lemmy.world 1 points 7 months ago

I mean what would happen if you just left?

[-] Olgratin_Magmatoe@lemmy.world 1 points 7 months ago

There are edge cases where you still need to pay/file taxes.

[-] shikitohno@lemm.ee 4 points 7 months ago

Pretty sure you need to file them so long as you remain a citizen in any circumstances you would need to file them while in the US, you just don't have to pay US taxes on income you've already paid taxes on in your country of residence, up to something like $100,000/year for a single individual.

I don't know if they resolved it, but I also recall it became more of a pain to open a foreign bank account as a US citizen, because they US government was trying to impose reporting requirements on any bank that had accounts held by US citizens, regardless of where they were.

[-] Wizard_Pope@lemmy.world 1 points 7 months ago

What would they do of you just did not pay those?

[-] Trainguyrom@reddthat.com 4 points 7 months ago

Presumably they could make entering or leaving the country very difficult. So if you have family/friends in the US or ever have a reason to travel back to the country (pleasure or business) you could find yourself saddled with more debt than you might ever be able to repay

[-] Wizard_Pope@lemmy.world 2 points 7 months ago

Makes sense. But if you don't and don't plan on coming back...

[-] Olgratin_Magmatoe@lemmy.world 2 points 7 months ago

Then you have to ask "are my non-US accounts able to be shut down/frozen by the IRS/US?"

The answer is probably no, but not always.

[-] Wizard_Pope@lemmy.world 2 points 7 months ago

True the US has some insane fucking rules and too much power over bullshit like this

this post was submitted on 26 May 2024
128 points (81.1% liked)

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