Zhulik, living in Budochka, Belarus, apparently inherited $1 million from his/her US elder, tax-free, with no known US filing obligations and didn’t renounce US citizenship. No FBAR, no FATCA, no nothing. Yet, so far, no Americans have accused the dog of not paying his/her “fair share” or of “evading” US taxation. Must dogs be required to file FBARs too?
MINSK, March 31 (RIA Novosti) – A dog from the small village of Budochka in Belarus inherited almost $1 million from a US citizen of the Belarusian origin, local Respublika daily reported.
The ten-year-old dog by the name of Zhulik (Swindler) inherited the fortune from late John Fyodorov, who was born in Budochka, but migrated to the United States after the World War II.
According to Zhulik’s owner Vasily Potapov, Fyodorov visited the small village in Belarus in 2007 and said the dog reminded him of his dog Valet that died in 1950s.
Valet was ill at that time and deciding between an expensive surgery for the dog and buying a ticket to Sacramento, Fyodorov chose the latter. The dog died and since then Fyodorov could not forgive himself for the death of best friend.
Maria Protasenya, a lawyer from Minsk, confirmed that a special bank account was opened for the dog and it currently boasts $993,700.