I am waiting my permanent residency card so I plan on continuing to live here in Brazil. I don't have any earnings from the USA, just a piece of property. I have briefly read the tax laws regarding citizens living abroad and they are very confusing. Could anyone simplify or refer me to an accountant familiar with this type of issue. I have no income from the USA, I have a property but I am not profiting, my brother is paying the mortgage. Will I still receive the no insurance penalty next year?
Tax laws are so confusing.
Thank you