Bianca
Mon Sep 02 2024
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7 answers
1253
How much is the fee for U.S. citizenship?
I'm curious, what is the current fee structure for obtaining U.S. citizenship? I understand that the process can be quite comprehensive and includes various steps, but I'm specifically interested in the financial aspect of it. Are there any upfront costs associated with filing the application, and if so, how much do they typically amount to? Additionally, are there any additional fees that one may encounter throughout the process, such as for biometrics, interviews, or any other requirements? It would be helpful to have a clear understanding of the total financial commitment required for this endeavor.
SsamziegangSerenadeMelody
Sun Jun 23 2024
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6 answers
1368
When you hold U.S. citizenship, you live under IRS tax law no matter what and have to pay taxes no matter where you live. Giving up your citizenship can be an arduous process and shouldn't be taken lightly.Can you gift bitcoin to avoid tax?
In the realm of cryptocurrency and finance, there are often many gray areas surrounding taxation. With U.S. citizenship, one is inescapably bound to the IRS tax code, regardless of global residency. The intricacies of relinquishing citizenship are widely known to be complex and weighty decisions. Given this backdrop, the question begs: Can the act of gifting bitcoin serve as a means to evade or avoid one's tax obligations? Surely, with the volatile and decentralized nature of cryptocurrencies, such a loophole would be a highly sought-after one if it indeed existed. However, does the current legal and financial framework allow for such a maneuver?
