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You still have to pay tax unless you renounce your US nationality.
by robjan 6y ago
You still have to pay tax unless you renounce your US nationality.
- jkinudsjknds 6y agoForeign taxes are deductible though, so it's more of a max
- corey_moncure 6y agoYou may still have to pay tax even if you renounce your US nationality, if the IRS finds that you have renounced your nationality so that you don't have to pay taxes anymore.
- theCodeStig 6y agoCould you elaborate on that, please?
- corey_moncure 6y ago"The expatriation tax provisions under Internal Revenue Code (IRC) sections 877 and 877A apply to U.S. citizens who have renounced their citizenship and long-term residents (as defined in IRC 877(e)) who have ended their U.S. resident status for federal tax purposes." https://www.irs.gov/individuals/international-taxpayers/expatriation-tax https://www.irs.gov/individuals/international-taxpayers/expa...