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You have to file taxes for 5-10 years even if you renounce your citizenship.
by rdouble 13y ago
You have to file taxes for 5-10 years even if you renounce your citizenship.
- jlgreco 13y agoHow the hell does that work? How do they claim to have authority over you once you are no longer a citizen?
- rdouble 13y agoI can't find where I thought read that, so I'm probably wrong.
- mahyarm 13y agoAuthority is the ability to execute on that authority and the USA has plenty of execution ability. In practice, it's how extradition works for non-citizens who never set foot inside the USA, or bank account freezes for people who don't live in the USA.
- anigbrowl 13y agoNot true. Renouncement does substantially restrict your ability to re-enter the US, however. http://www.irs.gov/Individuals/International-Taxpayers/Expatriation-Tax http://www.irs.gov/Individuals/International-Taxpayers/Expat... The rule you are talking about applied only to expatriation between 2004-2008 and then only if you spent more than 30 days per year in the US after relinquishing citizenship.
- flyinRyan 13y agoOnly if they decide you did so for tax reasons (which is just a formula they apply to your earnings and assets. hint: if you're going this route, do it fast as these numbers drop every year).