Don’t forget the Global psychopaths in Congress too. And what about the occupant of the oval office?
How to screw a Finn with a hotdog stand in Finland
Penalties layered upon penalties–this is the culture of the IRS. And don’t forget–the IRS is now responsible for health care. If you live outside the US, The IRS will give a penalty first for not having reporting yourself, and then disallow your normal deductions, also.
If you are a citizen of Finland, living in Finland, but once have had a US residence visa (greencard), you are required to file US tax forms until you have formally filed the US IRS form I-407. If not, the potential IRS penalties could be bankrupting.
For example, if you should have a business (such as a Finnish hot dog stand), you are required to file either form 5471 and/or form 8865.
Form 5471 ʹto report that a Finnish citizen living in Finland is a 10% or more shareholder in a Finland corporation. Used by certain U.S. citizens and residents who…
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