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A comment on Students refuse to pay back loans to failed for-profit college. Parent comment

Re:Students refuse to pay back loans to failed for-profit co... by lttlrck on Tuesday February 24, 2015 @10:44AM (#9101193)
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-l...

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Re:Students refuse to pay back loans to failed for-profit co... by toomuchtodo on Tuesday February 24, 2015 @06:16PM (#9104233)
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.

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