Look at what happens. Look at the news. The people who get indicted in due time are just regular people who happen to be targeted. The IRS looks at you not as a person, but as a point, as a place to put into a press release. You have no choice but to admit to something you actually didn't do because you didn't have the emotional fortitude to handle a trial. It's gonna last three years and the hundreds of thousands of dollars it costs to put on a defense. Basically, despite being ignorant of these laws, like legally speaking, I'm in serious trouble. - Brian, you are the culmination of the absurdity of the US tax code. Having moved abroad at the age of 23, I overlooked many legal obligations as a US citizen. Obligations that follow you regardless of where you reside. Unknown to most US persons, they are taxed on citizenship, not territory. Having missed the memo, I may have been in serious violation, facing life-altering consequences. - So imagine that an uninformed UK schoolteacher was fined $40,000 for failing to report her two hundred and forty thousand dollar teacher pension. She was unaware of these regulations. The consequence for non-compliance, even if not voluntary, can be life-altering. Americans must report all of their financial accounts to the Department of Treasury and FBR reports or risk facing fines of $10,000 per account per year. This also applies to retirement pensions, interest-gaining life insurance policies, and any accounts they may have signature authority or financial interest in. - Let's imagine that you were born in the United States but to foreign parents who promptly took you back to their home country. You never lived in America. You are what's known as an accidental American. And now imagine that...
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