I mean, reported income at least. I know a few American immigrants that live and work in central and south america, and I know they don’t declare income… at least not 100% of it. But yeah, not doing that and getting caught would be major poopoo bad time.
Why’d you go for a US passport considering their globally reaching tax laws?
most Americans living and working abroad don’t end up actually owing anything. But remember: Even if you don’t owe anything, you will still have to file an annual tax return.
So i pay an accountant to file a tax return once a year. Seems okay. It’s a powerful passport
deleted by creator
I mean, reported income at least. I know a few American immigrants that live and work in central and south america, and I know they don’t declare income… at least not 100% of it. But yeah, not doing that and getting caught would be major poopoo bad time.
Why do so many every single year go for us passports and us citizenship?