Yes, but you still have the time and pain of filing. This is not minor. To ensure you're not making a mistake you basically have to pay an expert to do it. Als

Yes, but you still have the time and pain of filing. This is not minor. To ensure you're not making a mistake you basically have to pay an expert to do it. Also the US has now imposed laws that require financial institutions to report to the IRS if you are a US citizen. I'm not in the financial industry so can't verify first hand, but all reports are that the paperwork and reporting burden is significant. So much so that many banks now have a "no US citizens" policy.