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sdfgfgdfgq245 on Dec 8, 2014 | parent | context | favorite | on: Why I’m Giving Up My Passport

Posting this from a throwaway account.

What are the consequences of not filing if you don't owe anything? It seems likely the IRS could eventually force backfiling, but have they issued any fines?

mark_l_watson on Dec 8, 2014 [–]

I read read horror stories in International Living, etc. about people paying huge penalties for minor mistakes in filings.

Also, with FACTA, foreign banks get screwed by the U.S. if they make a mistake on paperwork - really big fines.

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