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?
Why do so many every single year go for us passports and us citizenship?
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
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.
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