Brett Evans

But yeah, long story short, you do have to now disclose your foreign income to make those debt repayments.

And those thresholds are the same as Australian thresholds.

So there's no carve out, there's no expat threshold versus resident threshold.

It's just whatever the normal thresholds are.

And the third way?

Simple, complex, and advanced, I'm pretty sure it is.

Yes.

Yeah.

We know the ATO can levy a $3,600-something fine if you don't do your lodgements.

Right.

Have I seen anyone get hit with that?

No.

Does it mean it won't happen in the future?

No.

As we know, the ATO like to play catch-up.

So you might do two years overseas and not make any repayments at all and come back.

They might tap you on the shoulder two years later and say, hey,

what happened here you know to me i think we live in a very small digital world and now that we have the common reporting standard if you're working in the uk for example hmrc will be passing on your uk data to the ato as part of that common reporting standard so

it's all going to catch up to us at a certain point of time because the data matching will get better obviously now with ai i guarantee the atas all over the um the ai freight train um just to try and aggregate their data because we know they've got a lot of data but we know also know that they are struggling with the amount of data they've got as well too well there you go make sure you declare overseas income

Essentially, US-based expats are a subject unto themselves.