What Happens if Expats Don’t Pay Taxes? IRS Penalties and Catch Up Options for 2026 Explained
Автор: Savvy Nomad
Загружено: 2026-02-03
Просмотров: 162
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What really happens if Americans abroad stop paying U.S. taxes? In this video, we break down the real consequences expats and digital nomads face — from IRS penalties and FATCA reporting to FBAR fines, passport revocation risks, and how people actually get caught overseas.
We also explain the legal catch-up options available, including the Streamlined Foreign Offshore Procedures, delinquent FBAR relief, and penalty waivers for non-willful filers.
If you’re behind on your expat taxes or thinking about ignoring the IRS, this is what you need to know before it gets expensive.
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***This video is for general educational purposes only. SavvyNomad is not a law firm, tax advisor, or financial advisor, and nothing here is legal, tax, or investment advice. Your situation may be different from the examples described; talk with a qualified professional about your specific facts before making decisions.
#expat #expatliving #digitalnomad
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