4 ms·
One of the largest groups is retirees in Canada. Finding an accountant to do both US and Canada taxes is both difficult and expensive (over $2000/year), so the
by redis_mlc 5y ago
One of the largest groups is retirees in Canada.
Finding an accountant to do both US and Canada taxes is both difficult and expensive (over $2000/year), so they want to renounce ASAP.
Also there's huge legal jeopardy for undeclared foreign retirement accounts.