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As an American living in the US with a bank account abroad renouncing American citizenship isn't an option. What can people in this situation do?
by byoung2 12y ago
As an American living in the US with a bank account abroad renouncing American citizenship isn't an option. What can people in this situation do?
- mahyarm 12y agoPaperwork, lots of paperwork and four figure accountant fees.
- refurb 12y agoYou don't really have to do anything. You're already filing US tax returns (I hope) and as long as you declare all foreign holdings over $10K, you're fine. The kicker comes if you decide to move back home and either have a green card or US citizenship.