Re:On Receiving my Certificate of Loss of Nationality
by Svip on Thursday October 14, 2021 @02:29PM
(#28868059)
What are the consequences to not filing? My wife is a US citizen, and she hasn't filed for two years. I've met other US citizens that don't file either. So far I have not heard of any issues relating to not filing.
Re:On Receiving my Certificate of Loss of Nationality
by 001Diana on Thursday October 14, 2021 @07:26PM
(#28871591)
The issue is that the US can determine she didn’t file, file for her, and assess fines/tax. Once that gets to $50k she can’t renew her passport, and can no longer enter or leave the US as the law states she can’t use her foreign passport if a US citizen. If she lives in a country that assists the IRS with collection, they can reach in and take it. They have all her bank details from FBAR filing.
Re:On Receiving my Certificate of Loss of Nationality
by asguy on Thursday October 14, 2021 @02:40PM
(#28868193)
I know a US citizen who hasn’t filed in 34 years. I wonder what the penalty would look like if she ever takes a job in the US again.
Re:On Receiving my Certificate of Loss of Nationality
by jfk13 on Thursday October 14, 2021 @04:43PM
(#28869812)
Does she earn much? If her income is low enough, she may be exempt from filing.
https://www.hrblock.com/tax-center/income/other-income/how-m...
(Note that I am not a tax professional and you should not rely on anything I say.)
Re:On Receiving my Certificate of Loss of Nationality
by BayAreaEscapee on Friday October 15, 2021 @06:22AM
(#28876199)
It doesn't matter. If she has bank accounts abroad exceeding the threshold, she's obliged to file just to disclose her foreign bank accounts.
It's also quite stressful, since there are many ambiguous questions, most of the proprietary tax software is ill-equipped to consider the situation of an American living abroad, and a wrong answer can subject you to audit.