#so that if anyone ever steps out of line - whoopsieee! looks like you haven't been filing your FBARs huh?

[bumblebeebats]

The IRS LOOOVE to ask me questions like

Have you ever:

never not received dividends of a divisionary nature through the operation of a state or federal corporal mutual fund, and paid pecuniary expenses related to Article 805A(b).e, or

been gifted more than $2,000,000 cash or the equivalent in yachts or racing horses from a foreign monarch, and

not been actively involved in assessing fewer than two digital assets prior to 2021, or not more that two non-relational nontaxable assets after Jun 7th, 2022 (see Schedule 8, box 17a)

☐ Yes ☐ No ☐ Other

#& before anyone tries to recommend me some nice simple online tax preparation thing; srry but i am legally not allowed to #bc I'm a dual citizen living abroad 🙃 So I have to pay an accountant $500/year to fill it out for me instead #Hey Americans! Did u know if you ever permanently move abroad you actually still have to file US tax returns for the rest of your life? #And report the balances of all your bank accounts to the US government? With potential fines of tens of thousands of dollars #PER year PER form that you don't fill out? #Fun fact: this also applies in many many cases if you were born abroad to a US parent and have never even been to the US!!! #Fun fact: the US government doesn't tell you this! There are thousands of people all over the world #who are considered tax evaders by the US and stand to be immediately arrested or fined the minute they set foot on US soil!!! #Most of this is hardly ever enforced ofc bc the IRS simply doesn't have the manpower to do so #but it's a handy little sword of Damocles hanging over the head of every US citizen all over the world #so that if anyone ever steps out of line - whoopsieee! looks like you haven't been filing your FBARs huh? #Would be a pity if you were extradited and arrested for tax evasion :) #One more fun fact: apart from the US the only other country to require lifelong taxation and tax filing from its citizens abroad is Eritrea #a totalitarian dictatorship with one of the worst human rights records in the world #But thank god the America is such a paragon of freedom and democracy <3 🙃🙃🙃