892
Couple left with $200k bill after baby born in US
(www.bbc.co.uk)
We're not The Onion! Not affiliated with them in any way! Not operated by them in any way! All the news here is real!
Posts must be:
Please also avoid duplicates.
Comments and post content must abide by the server rules for Lemmy.world and generally abstain from trollish, bigoted, ableist, or otherwise disruptive behavior that makes this community less fun for everyone.
And that’s basically it!
You can, but you have to pay fees and forefit a percent of your net worth.
The baby should do it now, while their net worth is $0
What if it doesn't get rid of its citizenship? If it never goes to the US, the US system can never do anything about it simply not paying US taxes.
If they never go to the US or try to do business with the US, sure. It is, however, an unnecessary limitation on their future. Best to renounce the citizenship as soon as possible if they don't want to keep it.
In the US, the penalty for not filing is in addition to whatever to is owed.
If you're a US citizen, you need to file once you're 18 pretty much. If you don't go to the US, and don't live in a place with lower taxes, that's it.
The US has planes and guns. They have invaded many foreign countries and stolen money from banks that didn't comply with the US laws on KYC/AML in the past