Russian chess power !
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Aug 5, 2018
0
#23
FreezerDreams wrote:
"you must file taxes EVERY year, (With a possible 10k fine for year not filed)"
Where do you come up with this crap?
"If you are a U.S. citizen or a resident alien of the United States and you live abroad, you are taxed on your worldwide income. However, you may qualify to exclude from income up to an amount of your foreign earnings that is adjusted annually for inflation ($92,900 for 2011, $95,100 for 2012, $97,600 for 2013, $99,200 for 2014 and $100,800 for 2015). In addition, you can exclude or deduct certain foreign housing amounts." - https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion
Even if these provisions eliminate your U.S. tax obligation, however, they do not eliminate your obligation to file a U.S. income tax return on an annual basis. This is because in order to claim the FEIE or foreign tax credit, you must file certain forms with a tax return. In some cases, a late filing of these forms can bar you from making these claims. If your late filing is allowed, you may not suffer penalties that are calculated as a percentage of tax due, but you may suffer penalties that are imposed as a fixed dollar amount. For example, a $10,000 penalty may imposed for not timely filing Form 8938 (Statement of Specified Foreign Financial Assets) with your tax return.
read under myth 2 http://time.com/money/4298634/expat-expatriate-taxes-us-myths/
Aug 5, 2018
0
#24
in other words. the tax exclusion does not let you not file taxes. you have to file the taxes to get the exclusion. which is my whole freaking point! people who have citizenship because of their parentage but have never even been to the U.S are supposed to file taxes regardless of whether they qualify for foreign earned income tax exclusion.
Aug 5, 2018
0
#25
FreezerDreams wrote:
"people who have citizenship because of their parentage but have never even been to the U.S"
Stop with your scare tactics.
what the hell are you taking about? ALL eligible U.S citizens, have to file taxes regardless. what scare tactics are you taking about?
Aug 5, 2018
0
#26
https://money.cnn.com/2015/03/10/pf/taxes/us-expat-kids-citizenship-tax/index.html
one of many cases of this happening. Because they had an american parent, they got u.s citizenship and then the IRS came knocking on the door, on people who have never even touched u.s soil.
let me help, since reading is not your strong suit.
"While all expats -- kids or adults -- can exclude the first $99,200 they earn abroad from taxable income, they still have to file tax papers annually to prove they qualify for that exemption."
Aug 5, 2018
0
#27
FreezerDreams wrote:
First, it would be expatriate. We are not "expats". That is a cutesy term for the government to still control us overseas.
UNTIL I GIVE UP MY PASSPORT, I AM NOT AN EXPATRIATE OR CUTESY EXPAT. CAPICE?
"they still have to file tax papers annually to prove they qualify for that exemption"
No, they are just penalized if they don't qualify for exemption. Read the law.
they can confiscate your passport.
wow, just penalized? that's like saying, i dont HAVE to pay in those private parking spots, i just get a heavy fine. To pay taxes ,you have to FILE taxes. if dealing with the increasing penalties of not filing taxes is your definition of not "having to" then i im not sure we are both speaking english here
Aug 5, 2018
0
#29
FreezerDreams wrote:
Unless that is a rhetorical question, it is logically possible someone would NOT need to file.
we are breaking ground here.
i suppose, those that are dead dont need to file taxes.
your turn
mickynj wrote:
Why do people keep saying that Fabiano Caruana, who was born in Miami, Florida to American citizen parents, grew up in Brooklyn, NY, and became Master playing in New York and New Jersey tournaments, is "imported." English is his mother tongue and by far his best language. As an adult he has chosen to return to the land of his birth to pursue his chess career
Because that is how it looks like.
Did not he change Federation?
Caruana also sounds to me like an Italian name, or maybe I am wrong?
So also sounds very English to the ear, in earnest, Nakamura too...
Morphy, Fischer, those are English names.
mickynj wrote:
"He went to Europe not to pursue his dreams but his mother's dreams. He just came back to USA to milk off the system like Wesley So did"
This seems exceptionally stupid. Caruana--American born and American bred--returns to his native country--as he had always intended to. How on earth can anyone call this "milking off the system?" In fact there is no English phrase "milk off the system." And Nakamura was also an American citizen at birth. Hats off to Sam Shankland, but he is no realer an American than Cruana or Nakamura
You really want to have an American champ in late year, bud? 
That won't happen, because Carlsen WILL win the title.
It will be close though.
Caruana is a better competitor than Karyakin or Anand.
mickynj wrote:
Why shouldn't I challenge you? You seem pretty deficient in facts and logic. Nakamura's mother was an American citizen, so he was one at birth. Fabi breathed American culture from the day of his birth (as an American citizen) through his achieving a master rating, until his parents moved to Europe--very much against Fabi's wishes, as he has said in several interviews. But even if Naka and Fabi had gotten of the boat a few years ago and recently become naturalized citizens, they would be just as American as Sam Shankland. That's how America works
If he had not moved to Europe, he would not be Fabi any more.
Nor would Nakamura.
None of them is of the "English race", Anglo-Saxons or whatever.
Let's put it so.
Disagree with that too?
A true citizen is at least a 10-generation one.
Who cares about passport formalities?
matter of fact is, America buys more chess talent than it produces, for whatever reasons.
I suppose largely because Americans are free people for the most part, having plentiful opportunities, and who would take up chess if he could earn 5 times as much as a lawyer, businessman or public servant?
That seems to be the truth, maybe the Saint Louis Chess Club is going to change that.
darkunorthodox88 wrote:
mickynj wrote:
Why do people keep saying that Fabiano Caruana, who was born in Miami, Florida to American citizen parents, grew up in Brooklyn, NY, and became Master playing in New York and New Jersey tournaments, is "imported." English is his mother tongue and by far his best language. As an adult he has chosen to return to the land of his birth to pursue his chess career
because he is not fully home grown. too much pasta sauce in his upbringing . If a country wants to brag about a player, he shoudnt be so culturally ambiguous . (granted this attitude is kind of silly since the world is a global village now, this attitude for better or worse is a relic of simpler days, but then again so is country representation and pride in sport's teams).
think for example, when Fischer was challenging the USSR's dominance. a big reason it was so important to americans is because Fischer was a home grown fully fleshed american showing that we can compete in the chess landscape. IF Fischer was some immigrant from the age of 7 from armenia and quickly naturalized, it woudnt be the same. he would not have been deemed fully american due to his parentage. IT would have been at best a hybrid brain drain of soviet upbringing and american resources.
Why is Kasparov listed on the US chess federation?
Is he Russian or American?
What if he gives up his Russian citizenship.
Will he be considered an American world champ?
Right, so how could they owe IRS thousands?
like i said, the excemption is not automatic. you must file taxes EVERY year, (With a possible 10k fine for year not filed) and it only includes income earned from wages abroad. other sources like rent, and business do not count for the exemption)