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Deductions & credits
"I'd stay away from any web sites claiming $100k penalties and jail time (this web community should be OK), and a warning to renounce US citizenship is ridiculous nonsense."
Copy that and thank you for guiding me back to the right track SteamTrain. Sadly, renouncing US citizenship due to IRS overreach is a real thing. The US is one of only two nations on earth that require its people to file their taxes, wherever they live. The other one is Eritrea, a one-party dictatorship which voted with authoritarian states Russia, North Korea, Syria and Belarus against the U.N. General Assembly resolution condemning Russia's invasion of Ukraine. No wonder thousands of American expats renounce their US citizenship each year.
‎July 22, 2022
11:06 PM