Claiming ACTC for non-citizen child - Page 4

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Claiming ACTC for non-citizen child - Page 4


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  #31 (permalink)  
Old 12th July 2019, 01:24 PM
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Originally Posted by Bevdeforges View Post
Actually, this is more what I was thinking when I asked the question.
However, I was answering the question asked (i.e., why would I suggest the childís father might want to go through the Streamlined Procedures before entering America).

Itís completely reasonable (IMO) for citizens of non-US countries who have (or are entitled to) US citizenship to decline to accept the citizenship obligations when theyíre not claiming any of the benefits.

Itís much less reasonable (IMO) to claim the benefits while accepting only the obligations needed to claim a benefit.

No doubt itís fine with America, though, indeed one could say that nowadays itís the American Way. And after all, heíll be delivering the child. Even stevens, I suppose.

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  #32 (permalink)  
Old 12th July 2019, 01:29 PM
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Unhappy

And people wonder why we have FATCA...

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  #33 (permalink)  
Old 12th July 2019, 03:11 PM
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I thought there was concern about entering the US without being tax compliant. There is no concern on this score, people do it all the time.

The father cannot claim his free money without filing tax returns, so that obligation will be met.

Strategically, since the point of this whole exercise is to scam as much money as possible out of the US treasury, the best approach would be to obtain the child's citizenship then enter the streamlined program (or just quiet disclosure with back filing of previous years' returns). I don't know how far back one can claim the child tax credit, but at $1400 per year that could be a pretty good payday.

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  #34 (permalink)  
Old 12th July 2019, 03:19 PM
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Also, the fun doesn't stop when the child turns 18. Finance an expensive US education with loans that qualify for the federal income-based repayment program. Leave the country permanently after graduation. As long as income stays below the FEIE, loan payments are zero, because that's how it's calculated. After 25 years the loan is forgiven.

https://brighttax.com/blog/impact-fo...student-loans/

There's a few wrinkles but basically it's genius. Thanks, US government!

(Of course the simpler way to deal with student loans is to move abroad and change phone numbers, if the parents didn't co-sign.)

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Old 12th July 2019, 04:58 PM
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Originally Posted by underation View Post
ďIt used to be that you could claim the Child Tax Credit retroactively in a later year if your child did not have a Social Security number by the time your tax return was due. That provision was eliminated beginning with tax year 2018.Ē

https://www.thebalance.com/child-tax...hanges-4158690
If I read that correctly, no retroactive claims of the child tax credit possible, so no advantage to back-filing after the child obtains citizenship and an SSN. Pity, less money to be made.

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