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riverbendviewgal

(4,252 posts)
Tue Aug 19, 2014, 02:30 PM Aug 2014

80% of Americans living and working overseas are considering giving up their U.S. citizenship,


That’s one potential lesson we can draw from recent years’ explosion of U.S. citizens living and working overseas who are now renouncing their citizenship. In the first six months of 2014, 1,577 Americans decided to expatriate; last year, nearly 3,000 called it quits, a record high number. In the last five years, a total of about 9,000 Americans surrendered their citizenship, according to a survey of federal data compiled by Bloomberg.

“It’s not just the super-rich doing it,” David McKeegan of Hong Kong-based Greenback Expat Tax Services says in Forbes. “We’re talking average, middle-class people, people teaching English as a second language and doing freelance jobs making $30,000–50,000 a year, simply because of the fact that they can’t open locked bank accounts.”

“The vast majority of U.S. expatriates living abroad harbor a strong sense of patriotism that includes a willingness to shoulder their fair share of the nation’s tax burden,” Kuenzi writes. “Deep resentment arises, however, when they confront the byzantine complexity of preparing a tax return that includes non-U.S. income and non-U.S. financial accounts. FATCA demands rigorous compliance with arcane rules that the IRS has until now never even attempted to enforce on a widespread basis. For Americans abroad, desperately trying to comply, the outcome to family finances is often disastrous.”


https://www.uschamber.com/blog/exit-strategy-fatca-tax-law-keeps-pushing-americans-give-citizenship
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80% of Americans living and working overseas are considering giving up their U.S. citizenship, (Original Post) riverbendviewgal Aug 2014 OP
A good friend of mine is renouncing his American citizenship this month... KansDem Aug 2014 #1
I could live in Switzerland tax or no tax thing! Luzerne, specifically! WinkyDink Aug 2014 #18
Is there any way to do that these days? Lost In America Aug 2014 #20
The Right Wing media is at work again thelordofhell Aug 2014 #2
"...let insanely rich people hide more money overseas" KansDem Aug 2014 #3
A myth riverbendviewgal Aug 2014 #11
Insanely rich people already hide their money riverbendviewgal Aug 2014 #5
I didn't need to click the link edhopper Aug 2014 #4
of course riverbendviewgal Aug 2014 #6
Give me an article from an unbiased source edhopper Aug 2014 #7
Given that the US Chamber heavily funds opponents to Democrats Algernon Moncrieff Aug 2014 #10
Open mind to Chamber of Commerce. Bwahahahaha! valerief Aug 2014 #26
Correct. Early campaigning from the Chamber of Commerce asshats. FSogol Aug 2014 #8
Of course the US Chamber will say it's not just the super-rich Algernon Moncrieff Aug 2014 #9
I live in Canada - I gave up my US citizenship. I am not whining.... I am grateful to be a Canadian. riverbendviewgal Aug 2014 #13
So don't post links edhopper Aug 2014 #14
I love unions riverbendviewgal Aug 2014 #16
Which has nothing to do with edhopper Aug 2014 #17
nope, riverbendviewgal Aug 2014 #23
Now your quoting edhopper Aug 2014 #29
these are my own words riverbendviewgal Aug 2014 #31
And what of the fact that edhopper Aug 2014 #32
can you undertand that filing now entails special IRS approved tax compliant agent even if you make riverbendviewgal Aug 2014 #36
I have searched on many sites edhopper Aug 2014 #37
it is there riverbendviewgal Aug 2014 #40
And it is very searchable edhopper Aug 2014 #57
Want to know what bullshit this is edhopper Aug 2014 #12
^^ This ^^ COLGATE4 Aug 2014 #15
Good riddance. nt conservaphobe Aug 2014 #19
Ahhhh.......America is the best? nt Logical Aug 2014 #41
Ahhh... the U.S. Chamber of Commerce is the best? nt conservaphobe Aug 2014 #70
Having lived abroad, I have absolutely no idea why this article is so needlessly controversial here Number23 Aug 2014 #21
thank you riverbendviewgal Aug 2014 #24
Rubbish... the Chamber has been spreading this BS for years JCMach1 Aug 2014 #22
you returned riverbendviewgal Aug 2014 #25
I think you are confused Art_from_Ark Aug 2014 #72
Art is correct... JCMach1 Aug 2014 #73
He really seems invested in his narrative. I wonder why? Disinformation is not cute. Tarheel_Dem Aug 2014 #74
well I know many others who tell me otherwise riverbendviewgal Aug 2014 #75
I'm not sure I'm following you, but Art_from_Ark Aug 2014 #78
Perhaps if you are returning to the USA you are doing everything right riverbendviewgal Aug 2014 #82
No, I'm not a Japanese citizen Art_from_Ark Aug 2014 #83
I was an expat for seven years and filed and never had problems. oldandhappy Aug 2014 #27
how long ago were you there? riverbendviewgal Aug 2014 #33
In the nineties. oldandhappy Aug 2014 #62
I'm worried at some point I am going to hit the ceiling and will have to start filing under FATCA davidpdx Aug 2014 #28
you must still file even if you make less than 97 k. riverbendviewgal Aug 2014 #42
Yes, I still file davidpdx Aug 2014 #56
I'm caught up in this riverbendviewgal... dual citizen USA/Canada.. nenagh Aug 2014 #30
First $97,000 edhopper Aug 2014 #34
Thank you, then I won't pay US taxes ... but the tax forms must be submitted nenagh Aug 2014 #38
could you let us all know what the tax agent will charge riverbendviewgal Aug 2014 #45
I still am confused.. I'm sorry riverbendviewgal... nenagh Aug 2014 #49
you have a american passport riverbendviewgal Aug 2014 #55
Thanks for all your help... I will read the Isaac Brock Society website.. nenagh Aug 2014 #61
you are welcome riverbendviewgal Aug 2014 #43
riverbendviewgal... do you mean did I take oath of US citizenship? nenagh Aug 2014 #46
no, oath to the queen riverbendviewgal Aug 2014 #58
I always lived in Canada..except for the first few years (7 or so) nenagh Aug 2014 #67
sorry, voting would not lose you citizenship riverbendviewgal Aug 2014 #71
Not sure what CLN is.. I have a lot to learn.. nenagh Aug 2014 #50
CLN is Citizen loss of Nationality riverbendviewgal Aug 2014 #60
Hrmm I wonder why they're renouncing US Citizenship, rather than just returning home Hippo_Tron Aug 2014 #35
that and other reasons riverbendviewgal Aug 2014 #39
I know half a dozen Japanese-English translators Lydia Leftcoast Aug 2014 #51
I'm a dual Irish and American citizen and seriously contemplate retiring to Ireland for all that riderinthestorm Aug 2014 #44
seriously think if this is what you want riverbendviewgal Aug 2014 #48
Now imagine if the Irish tax authorities were killing you with paperwork and reporting requirements. Nye Bevan Aug 2014 #63
you hit the nail on the head riverbendviewgal Aug 2014 #69
But isn't that normal? Generic Brad Aug 2014 #47
exactly riverbendviewgal Aug 2014 #53
We would be against that policy Generic Brad Aug 2014 #54
Germany is looking for skilled labor, other areas of Europe as well whereisjustice Aug 2014 #52
to be German citizen one is not allowed to be a dual citizen riverbendviewgal Aug 2014 #64
If you're a UK citizen living outside of the UK, you don't owe UK taxes. Nye Bevan Aug 2014 #59
to keep money in the USA riverbendviewgal Aug 2014 #66
Message auto-removed Name removed Aug 2014 #65
are you living forever overseas or going back to live in the USA riverbendviewgal Aug 2014 #68
I no longer see any value to being a US Citizen we are no longer the land of the free nor do we GiveEmEnoughRope Aug 2014 #76
Welcome to DU riverbendviewgal Aug 2014 #80
If I were right out of college and found the right avebury Aug 2014 #77
Indeed riverbendviewgal Aug 2014 #81
Lah-dee-dah - 1/1,000 of 1% of US citizens became citizens of another country last year hatrack Aug 2014 #79
good, there should be a quota for the millions treestar Aug 2014 #84
Taxes I guess Demsrule86 Aug 2014 #85
Bullshit source. Not clicking a US Chamber of Commerce link. closeupready Aug 2014 #86

KansDem

(28,498 posts)
1. A good friend of mine is renouncing his American citizenship this month...
Tue Aug 19, 2014, 02:45 PM
Aug 2014

He's becoming a Swiss citizen.

He went to Switzerland in 1979 and stayed, and now teaches ESL and music.

He has been back annually to visit his aging parents in California, but says once they're gone, he'll never come back again.

And "yes," it's the tax thing...

thelordofhell

(4,569 posts)
2. The Right Wing media is at work again
Tue Aug 19, 2014, 02:45 PM
Aug 2014

Over the last few weeks there has been numerous articles about FACTA and what they do..........The endgame will probably be some sort of restructuring bill that will gut FACTA and let insanely rich people hide more money overseas..........

KansDem

(28,498 posts)
3. "...let insanely rich people hide more money overseas"
Tue Aug 19, 2014, 02:50 PM
Aug 2014

While at the same time expecting American taxpayers to continue to pick up the tab for a military that acts "in their best interests."

riverbendviewgal

(4,252 posts)
11. A myth
Tue Aug 19, 2014, 03:04 PM
Aug 2014

The US military maintains a Pax Americana that you benefit from even though you do not live in the USA. You should pay for this.”

And so? Tax France, Germany and Japan directly then. Why would dual US citizens living in France or Germany bear the brunt and not other residents of France or Germany? There are seven million non-resident potential US citizens in the world and about seven billion non-Americans in the world. Unless all seven billion are to be enlisted in the effort equally, this bit of nonsense will not provide an intellectual foundation for taxing the seven million. Those 700 outside of USA military bases are there for US interests not for humanitarian reasons.

If Pax Americana is to be paid for abroad then expect the beneficiaries to ask for a role in its implementation. He who pays the piper calls the tune and I don’t see the US handing control of its Armed Forces to Germany, France and Japan any time soon. Better still, why not have the Treasury and Federal Reserve work together to print unimaginable quantities of money and then use the US’s post-war Bretton Woods reserve currency status to shove those worthless dollars abroad to pay for forty years of mutlti-billion trade deficits. Oh wait, that’s what the US already does.

If a an expat is is a situation , disaster or war, They will go to the country where they live in for help. Canada has an excellent government and military. Also any US rescuing Americans is paid for by those that are rescued. Uncle Sam sends them the bill.

riverbendviewgal

(4,252 posts)
5. Insanely rich people already hide their money
Tue Aug 19, 2014, 02:54 PM
Aug 2014

in the USA, in States of Delaware, Wyoming and Nevada..
read the article... The people who are most affected are middle class and lower. Also accidental Americans born to Foreign parents in the USA and taken back as babies to their parents motherland. They have clinging American citizenship

Also Green card holders , past and present.. Those back in their homeland are still considered American persons,

Also Snowbirds..... who will think hard and long now and many will be deciding owning winter property or even staying in the USA is worth it. In Canada snowbirds can leave for 180 days each year. The USA allows snowbirds into the country but if they stay past 182 days withing THREE years they are considered American persons and must file taxes and report their homeland bank accounts.

Another detriment to this tax law is the US dollar.... Many countries are now cashing in their US dollars, bonds and switching to other currencies to trade in. You ever hear of the new bank BRIC?

edhopper

(33,575 posts)
4. I didn't need to click the link
Tue Aug 19, 2014, 02:53 PM
Aug 2014

when I saw it was from the US Chamber of Commerce.

I could smell the bullshit from here.

edhopper

(33,575 posts)
7. Give me an article from an unbiased source
Tue Aug 19, 2014, 02:59 PM
Aug 2014

and I'll read it.

I don't read links to Fox News, Newsmax or The Daily Caller either.

Reading right wing bullshit propaganda is detrimental.

FSogol

(45,484 posts)
8. Correct. Early campaigning from the Chamber of Commerce asshats.
Tue Aug 19, 2014, 03:02 PM
Aug 2014

So long "patriots". Don't come crying back.

Algernon Moncrieff

(5,790 posts)
9. Of course the US Chamber will say it's not just the super-rich
Tue Aug 19, 2014, 03:02 PM
Aug 2014

...but in many cases, it's the super rich.

Quit whining and pay your taxes. Be grateful for your blessings and give back in proportion to your benefit. ..or not, but if you leave, don't come crying to us that we need to overthrow the junta in that Central American nation to which you fled to duck taxes.

riverbendviewgal

(4,252 posts)
13. I live in Canada - I gave up my US citizenship. I am not whining.... I am grateful to be a Canadian.
Tue Aug 19, 2014, 03:30 PM
Aug 2014

I don't live in a central american nation. and do not have to worry about Juntas.

My country is not a tax haven and has higher taxes than the USA. It has a strong military that can rescue me anywhere in the world but I won't be going to any crazy places like third world countries. I travel to civilized Europe, who love C anadians. . I will never go back to live in the USA.

I did file US tax returns , never had to pay or file my bank account FBARS as US wants... I never had a lot of savings. I stopped filing us taxes the year I became a Canadian citizen. When doing that in that year I relinquished my citizenship. Not all expats can do this. State department has changed the rules many times since.

It was never complicated to do my own US tax returns as I made so little money. Now one must employ an expensive US tax compliance IRS approved agent ,even if one does not owe a dime to the USA. I had no US earnings since I was 21. I have no social security or medicaid.. I worked in union jobs in Canada so have a very nice pension. I am not a millionaire. I am healthy with my social health care where I get preventative health care as regular. My husband and son both had cancer, Non Hodgkins lymphoma and Glioblastma Multiforme (same as Sen Kennedy and my son had the same treatments ) All medical care was covered. I am not a widow who had to go bankrupt.

I am a progressive, and believe in helping with my taxes others. We are all in this boat together is a belief in Canada. I am A real democratic as Canada is a democracy. The USA is a Republic but it is now being reported after studies to be an oligarchy.



edhopper

(33,575 posts)
14. So don't post links
Tue Aug 19, 2014, 03:57 PM
Aug 2014

to anti-worker sites like the USCC and treat them as anything but the right wing bullshit they are.

riverbendviewgal

(4,252 posts)
16. I love unions
Tue Aug 19, 2014, 07:16 PM
Aug 2014

I worked in unions and have my pensions because of unions.

This is about the implosion of the USA due to inside the USA all the corruption now happening, those tax havens in Delaware, Nevada and Wyoming are allowing homelanders and foreigners to hide their money. If one lives overseas for years one does see the differences. People make their decisions about where they want to be. The people I know who have America indica ARE NOT RICH. We all have to do what we gotta do, eh?

All I can say is BRIC and gold..

edhopper

(33,575 posts)
17. Which has nothing to do with
Tue Aug 19, 2014, 08:19 PM
Aug 2014

FACTA.

Post about the rich not paying taxes, not this bullshit from right wing sources.

And I already showed how the 80% number is utter crap.

Stop using right wing sites for your info.

You made a bad, BS post, own up to it.

riverbendviewgal

(4,252 posts)
23. nope,
Tue Aug 19, 2014, 09:06 PM
Aug 2014

I am the one who does not live in the US anymore. I am the who has friends who are expats, most now citizens of the countries the live in. Some never lived or worked in the USA. None get medicaid or social security. Most have no US property, earnings just families to visit.

And you. What is your authoritive knowledge on this issue? Your math does not cover those Americans abroad who have no American passport, never voted , never lived on the USA, never knew they had to file US taxes. My mother told me when I was kid that I was weird because I would go to my room and read. (she never read, just shopped.) I stumbled on finding out when I moved abroad that I had to file.. the funny thing is I had never heard of resident based taxation. I just thought all countries in the world tax their citizens no matter where they live. So I can not fault you for believing that allmericans should be filing taxes. I think those Americans who plan on living abroad but return to the USA to live again, whether to work or retire should NOT take up citizenship of Another country.
I also believe that those born in the USA but returned with their foreign parents to live outside of the US or those born in znother country to US parents should be able to choose the to not be an American citizen without heavy payments and paper work. It is not evil to not want to be an American citizen.

So many like you, that know no one who has lived abroad for years get very angry over this issue. It is true that many countries are decreasing their holdings on the US dollar and investments. It is happening and will continue.

This law should have been made for homelanders only who have money hidden in foreign banks AND USA banks.
The very rich know how to hide their money. So the only people being hurt are those who do not have those riches.. the IRS will get the for high fines. Most of these abroad will opt to no go to the USA. Some countries will kick them off their bank accounts as the article said.. Their banks down the streetfrom them.

The USA has citizen based taxation. The only other nation in the world that has that same type of taxation as well is Eritrea . The rest of the whole world has resident based taxation. Have you ever heard of this. Were you taught this in your US school? I had not been taught in shen I went to school in the USA.

Americans abroad have no congress representative working for them. SOME can vote in the presidential elections. But not those who were born outside the US, even though they are labeled US citizens.

This is my last post on this op. I just like to give education on this issue. Sorry that this article was written by the chamber of commerce. I dispise them as well. But if there really was a fire and they said there was one , I would actually look to see if it is true to protect myself. I would jot ignore them because I hate them.

Ever read Howard Zinn? He wrote of US history that was never taught in US classrooms because it was to be supressed by those in power. He was a great man who wrote of the not so nice US history that we all NEVER learned in our US schools.

May truth prevail over hate and fear. Peace and love .

edhopper

(33,575 posts)
29. Now your quoting
Tue Aug 19, 2014, 09:36 PM
Aug 2014

Nestmann and Freedom watch.
Any non-right wing sources.

Your first $97,000 foreign dollars are exempt from taxes.
So spare me the greif about expat workers.

edhopper

(33,575 posts)
32. And what of the fact that
Tue Aug 19, 2014, 09:46 PM
Aug 2014

That the first $97,000 is exempt.
Doesn't fit into your poor worker scenario.

Those right wing source mimic uourvstand exactly.
So ask yourself, why is your position exactly that of those that serve the 1%?

riverbendviewgal

(4,252 posts)
36. can you undertand that filing now entails special IRS approved tax compliant agent even if you make
Tue Aug 19, 2014, 09:57 PM
Aug 2014

Less than $97k. Returns now from abroad must be done by these specialist and be sent with th agents code and it must be sent digitized. The charg is $1000k per return. FBARS are you be filled and there are more charges for each bank FBAR. No matter if you make less than $97k and owe no US tax.

I have writing not for the 1 percent but for the 99 percent, that also includes green card holders and Canadian snowbirds.

edhopper

(33,575 posts)
57. And it is very searchable
Tue Aug 19, 2014, 11:25 PM
Aug 2014

I have read the portion on taxes for Americans abroad and don't see a special tax preparer requirement anywhere.

Perhaps you should look at it as well.

edhopper

(33,575 posts)
12. Want to know what bullshit this is
Tue Aug 19, 2014, 03:14 PM
Aug 2014

Last edited Tue Aug 19, 2014, 05:46 PM - Edit history (1)

According to the article, 9000 Americans gave up their citizenship last 5 years. That is a total from all Americans not just those overseas., and we don't know the cause for all of them.
There are over 6 MILLION Americans living abroad. So that is 0.15% of those abroad. 80% my ass.
Do the math river and open your mind to the bullshit of the article you posted.
Or read more on the site and see why Obamacare, minimum wage and regulation is bad and why ending SS is good.

bullshit, bullshit, bullshit.

Number23

(24,544 posts)
21. Having lived abroad, I have absolutely no idea why this article is so needlessly controversial here
Tue Aug 19, 2014, 08:41 PM
Aug 2014

I've heard the same thing from so many Canadians and Australians with New York and Massachusetts accents it's not even funny.

JCMach1

(27,556 posts)
22. Rubbish... the Chamber has been spreading this BS for years
Tue Aug 19, 2014, 08:48 PM
Aug 2014

Having just returned from living overseas for 12 years and filing taxes every year... it isn't a great burden. You just have to report everything. The vast majority making under around 97k will pay little, or no income tax.

It is NO WORSE than filing a regular old long form and a few schedules in the freaking USA.

I also do my own taxes and managed just fine in both places.

riverbendviewgal

(4,252 posts)
25. you returned
Tue Aug 19, 2014, 09:15 PM
Aug 2014

With no intention of staying where you were. You worked there. You did not become a citizen of another country.

Tax returns can not be done by oneself any more. An IRS approved agent must file a digitalized form. and FBARS reported. I spoke to an approved agent snd they now charge $1000 per return and extra for FBARS , even if you owe nothing.

Art_from_Ark

(27,247 posts)
72. I think you are confused
Wed Aug 20, 2014, 12:59 AM
Aug 2014

I have been living in Japan for a very long time, and this year, I filed a tax form that I downloaded from the IRS web site. There is absolutely no requirement to have an outsider file the form. None whatsoever.

http://www.irs.gov/publications/p54/

I think you are confusing that with a Treasury requirement to report all foreign bank/financial accounts. Until last year, that form was sent directly to the Treasury Department in paper form, but now it must be filed electronically. However, there is no requirement for an outsider to file the form.

http://taxes.about.com/od/preparingyourtaxes/a/TDF90221.htm

riverbendviewgal

(4,252 posts)
75. well I know many others who tell me otherwise
Wed Aug 20, 2014, 08:21 AM
Aug 2014

the Tax compliance industry vultures tell me otherwise. on the form must be a tax filler's IRS registered numbers. Are you one? Anyway tax compliant industry is telling this.. I did my own taxes until then. Never had to file FBAR as never had enough money then.

Not filing these taxes correctly means very high costing penalties. The IRS is not forgiving.

Do Not have Mutual Funds. All Investment countries overseas now do not allow Americans to be with them and have Mutual funds. Americans are being kicked off left and right.

You seem okay with filing US taxes and I presume you intend to go back to the USA for your retirement years. You have this choice. Be well.

Art_from_Ark

(27,247 posts)
78. I'm not sure I'm following you, but
Wed Aug 20, 2014, 08:51 AM
Aug 2014

If you're an American living outside of the US, you have to file a US tax return every year. The IRS registered number is usually your Social Security number. If you have no US-based income, and the income you earn in your country of residence is less than the equivalent of $97,000 and you're a full-time resident of your country, then you won't owe any US tax. You can file the return yourself. You have to include the 2555 or 2555-EZ form with your 1040 return.

riverbendviewgal

(4,252 posts)
82. Perhaps if you are returning to the USA you are doing everything right
Wed Aug 20, 2014, 01:07 PM
Aug 2014

Are you a citizen of Japan? will you be there permanently, Do you have savings in Japan? Property?

One thing to point out is for short term expats yes, filing is not that difficult. They have no savings with a foreign spouse, no real estate like a home they own abroad. Short term expats are NOT the ones harmed by this

Art_from_Ark

(27,247 posts)
83. No, I'm not a Japanese citizen
Fri Aug 22, 2014, 01:10 AM
Aug 2014

but I am a permanent resident, and have lived in Japan long enough to see babies become high school students. Yes, I have savings in Japan, it goes without saying, since I live and work in the country. But Uncle Sam's threshold of $10,000 for reporting overseas savings accounts is way too low, since only $10,000 (1 million yen) in savings in Japan is considered "nail-biting terrritory".

US tax return filing is no different for someone who has spent an entire tax year in Japan, than it is for someone who has lived in Japan for 15 years. Details of foreign financial accounts are not required on US tax forms; the form for declaring that is independent of the 1040 form and is filed with a different agency.

oldandhappy

(6,719 posts)
27. I was an expat for seven years and filed and never had problems.
Tue Aug 19, 2014, 09:31 PM
Aug 2014

My tax man used to laugh when I reported my income from teaching ESL in Asia. Only made significant money in one country. Otherwise survived and loved and lived and learned and am grateful for the experiences.

oldandhappy

(6,719 posts)
62. In the nineties.
Tue Aug 19, 2014, 11:35 PM
Aug 2014

I came back to be with my parents in their final slide.

I am not sure what my intentions were! But this is what happened.

davidpdx

(22,000 posts)
28. I'm worried at some point I am going to hit the ceiling and will have to start filing under FATCA
Tue Aug 19, 2014, 09:36 PM
Aug 2014

I still have some time before I get close. Giving up citizenship is not something I am willing to do. Hopefully the Congressional delegation will come up with a fix for those of us who are middle class.

riverbendviewgal

(4,252 posts)
42. you must still file even if you make less than 97 k.
Tue Aug 19, 2014, 10:29 PM
Aug 2014

Google Isaac brock society. There is a wealth of information you can read and learn.

davidpdx

(22,000 posts)
56. Yes, I still file
Tue Aug 19, 2014, 11:24 PM
Aug 2014

I'm talking about for assets. Other than my home I don't have any significant assets.

nenagh

(1,925 posts)
30. I'm caught up in this riverbendviewgal... dual citizen USA/Canada..
Tue Aug 19, 2014, 09:39 PM
Aug 2014

born in the USA nearly 70 years ago of Canadian parents... after 6 weeks taken back to Canada & stayed for 2 years.. then moved back to Philadelphia for 7 years.

So since 1957 or so... I have lived full time in Canada, educated in Canada, worked in Ontario and retired..

Paid taxes.. never lived at all in the USA, no benefits from the USA...

but now will have my bank balances sent to the IRS via the Canadian Revenue Agency.

I didn't know that I should have been sending tax returns to the IRS.. which will have to be sent each year.. as well as my Canadian taxes to the Canadian Revenue Agency.

I didn't know that you renounced your US citizenship...I'll have to look into it.

To have to send yearly taxes to both the Canadian government and now the IRS... that's quite expensive..

Thanks for all your posts about this...

nenagh

(1,925 posts)
38. Thank you, then I won't pay US taxes ... but the tax forms must be submitted
Tue Aug 19, 2014, 10:21 PM
Aug 2014

yearly to the IRS. Fortunately in this small town there is an accountant who is qualified to complete US taxes as well as Canadian tax returns.

Thank you again for your information.

riverbendviewgal

(4,252 posts)
45. could you let us all know what the tax agent will charge
Tue Aug 19, 2014, 10:53 PM
Aug 2014

If you have not filed ever you will have to file 5 to 6 years of returns. And report ll your bank accounts for the past 6 years.

Go the Isaac Brock Society before you do any filing. Like I said before, if you made the Canadian oath before 1995 than you need not do this.you will relinquish, which you did , you only need your CLN sent to you from the state department. It will prove you are only Canadian.

nenagh

(1,925 posts)
49. I still am confused.. I'm sorry riverbendviewgal...
Tue Aug 19, 2014, 11:05 PM
Aug 2014

I don't remember making a Canadian oath... as in go to a Canadian embassy..

It was such a long time ago..

My parents were Canadian... we lived in Canada from 1957 but I don't recall any Canadian oath.. but I do remember the trip to the US consulate.. way back to I thought maybe swear an oath to the USA ..

It's really NB, because if I could renounce.. I would..

Thank heavens I've not submitted anything yet to the IRS.

I do have a Canadian Card of Identity to prove my Canadian citizenship... & I have a US passport.

riverbendviewgal

(4,252 posts)
55. you have a american passport
Tue Aug 19, 2014, 11:21 PM
Aug 2014

I never had one.
Renunciation is your only option. But read the website Isaac Brock Society. You do not have to sign up. Just read the info sidebars on renunciation. Do not rush but be aware Cansdian banks will be asking questions in the near future.

There is a court challenge suit now against the Canadian government allowing citizens financial banking information given to the IRS.

riverbendviewgal

(4,252 posts)
43. you are welcome
Tue Aug 19, 2014, 10:41 PM
Aug 2014

If you google Isaac Brock society you will find a Canadian website dedicated to helping those who are Americans like you. Many comments are from those who live in other countries beside Canada.

Did you take the Canadian oath of citizenship? If before 1995 you can relinquish like I did. It cost me nothing I am one of the lucky ones.

A few of Canadian members of Parliament are American Canadian. I am an American Canadian with now only Canadian citizenship. I have my CLN that I have shown my bank that proves I am only a Canadian so my financial banking information is given to the IRS.

nenagh

(1,925 posts)
46. riverbendviewgal... do you mean did I take oath of US citizenship?
Tue Aug 19, 2014, 10:56 PM
Aug 2014

I remember going to the US consulate in Calgary.. there was an age qualification.. I think

but it was sometime in the 1960's..

Does that make me elegible to relinquish American citizenship?

Thanks for the information...

riverbendviewgal

(4,252 posts)
58. no, oath to the queen
Tue Aug 19, 2014, 11:25 PM
Aug 2014

Minors had to confirm they were canadian. But you took the oath to confirm you are American, maybe to register for the draft.

nenagh

(1,925 posts)
67. I always lived in Canada..except for the first few years (7 or so)
Tue Aug 19, 2014, 11:47 PM
Aug 2014

both parents Canadian, so I had Canadian citizenship through my parents...or that's what we assumed.. so I never swore an oath to the Queen...

but if I wanted to retain US citizenship with my Canadian citizenship..I had to go to a US consulate & swear an oath to the US flag.. & not vote in a Canadian election
or I would put my US citizenship into jeopardy..

Maybe I should vote in Ontario... and claim to lose my US citizenship

(That goes back to about 1960... a lot of change since then, I think)



riverbendviewgal

(4,252 posts)
71. sorry, voting would not lose you citizenship
Tue Aug 19, 2014, 11:54 PM
Aug 2014

The USA allows dual citzenship now. $$$$ is the reason. the money is good,

You can renounce. Go to Brock for more information.

Hippo_Tron

(25,453 posts)
35. Hrmm I wonder why they're renouncing US Citizenship, rather than just returning home
Tue Aug 19, 2014, 09:48 PM
Aug 2014

Maybe it's because the countries they're living in have universal health care and all sorts of benefits that we don't have here? Nah it couldn't be...

riverbendviewgal

(4,252 posts)
39. that and other reasons
Tue Aug 19, 2014, 10:22 PM
Aug 2014

They were born in the USA but moved back with their parents to the parents foreign homeland , naturalized in their parents citizenship and live permanently out of the USA . With no intention to be an American

They were born over the border in a US hospital because of medical reasons and went to live permenently and be naturalized with their parents country a few days after birth. To never live in the USA or want to.

Many go to school abroad, fall in love with a person who live and is a citizen not of the USA. The American marries the person they love and Pemanently lives and becomes a citizen of that country, raising a family, never intending to returnto the USA.

Those born in a foreign country with one or both parents being Americans. Those in this case, more often than not , do not want American citizenship.

Many Americans go to a foreign country to work and decide to stay permanently in the country they live and become a citizen of that country.

Many are not aware of citizen based taxation that the USA does. It is an OMG moment for many.

I think it is hard for homelanders to understand that not everyone wants to have American citizenship.








Lydia Leftcoast

(48,217 posts)
51. I know half a dozen Japanese-English translators
Tue Aug 19, 2014, 11:07 PM
Aug 2014

who are married to Japanese, have children who have been brought up in Japan, have themselves lived in Japan for decades, and who no longer have any close family members in the States. The new tax laws have screwed up their banking, so they
are adopting Japanese citizenship.

riverbendviewgal

(4,252 posts)
48. seriously think if this is what you want
Tue Aug 19, 2014, 11:04 PM
Aug 2014

Do you have family in Ireland?
Ireland has resident based taxation but the USA citizen based taxation will follow you.



Nye Bevan

(25,406 posts)
63. Now imagine if the Irish tax authorities were killing you with paperwork and reporting requirements.
Tue Aug 19, 2014, 11:36 PM
Aug 2014

You might well decide to dump your Irish citizenship as you're not even living there.

But because you're not living there, they leave you alone. And that's how the US should treat its expat citizens, too.

Generic Brad

(14,275 posts)
47. But isn't that normal?
Tue Aug 19, 2014, 11:00 PM
Aug 2014

My wife lived and worked here for decades before she decided to become a U.S. citizen. If you build your life somewhere else, at some point you will most likely decide to stay put.

riverbendviewgal

(4,252 posts)
53. exactly
Tue Aug 19, 2014, 11:12 PM
Aug 2014

The USA has many immigrants as do other countries.

My question to you is how would feel if the country where your wife was a citizen before becoming an American wanted her to file taxes that would include your income and joint accounts? Would you be okay for that. You would have to file her motherland form in her motherland langusge and convert to that country's currency.

Thanks Brad for bringing that perspective in this thread.

Generic Brad

(14,275 posts)
54. We would be against that policy
Tue Aug 19, 2014, 11:18 PM
Aug 2014

Thank goodness Japan did not do that to us. Had we been in that situation, she would have formally immigrated here more quickly. When all is said and done, you have to do what is best for your family.

whereisjustice

(2,941 posts)
52. Germany is looking for skilled labor, other areas of Europe as well
Tue Aug 19, 2014, 11:11 PM
Aug 2014

very interesting opportunity offering good quality of life potential.

Things are so stacked against the young right now in USA, thanks to destructive influence of organizations like the Chamber of Commerce, Europe would be smart to offer incentives to attract creative, educated workers from US.

The USA is looking less and less interesting as a place to live. If our political leaders want a global economy, then we have no reason to stay here and work like slaves for less and less money.

Or, you can stay here and work yourself death and watch cops dressed like GI Joe beat people up on TV, as your wages, benefits, vacation and ultimately your job disappears to China or India or soon to be Vietnam, thanks to TPP.

Unless, of course, you are CEO of an insurance company. But, I'm guessing you aren't.

riverbendviewgal

(4,252 posts)
64. to be German citizen one is not allowed to be a dual citizen
Tue Aug 19, 2014, 11:36 PM
Aug 2014

So before one becomes a German citizen one must renounce their citzenship they hold. Interesting, eh? But a German citizen can work anywhere else in the world and pay taxes only to where they are working.

Nye Bevan

(25,406 posts)
59. If you're a UK citizen living outside of the UK, you don't owe UK taxes.
Tue Aug 19, 2014, 11:26 PM
Aug 2014

I understand that is how it works for almost every country except the USA. Why does the US have to have this insane system?

riverbendviewgal

(4,252 posts)
66. to keep money in the USA
Tue Aug 19, 2014, 11:40 PM
Aug 2014

Unfortunately, what it is doing is keeping Americans from being mobile. It is like a wall or curtain put around the USA .

Response to riverbendviewgal (Original post)

riverbendviewgal

(4,252 posts)
68. are you living forever overseas or going back to live in the USA
Tue Aug 19, 2014, 11:47 PM
Aug 2014

I do not think yo read this entire thread. Please do.

Why are you living overseas?

 

GiveEmEnoughRope

(19 posts)
76. I no longer see any value to being a US Citizen we are no longer the land of the free nor do we
Wed Aug 20, 2014, 08:40 AM
Aug 2014

up hold the ideals of the founding fathers.

The government we have now is not very different from the government our founders broke away from.

All the other western countries in the world represent American values and the type of nation they envisioned better then we do today.

We no longer represent freedom, equality and democracy around the world we are being seen as thugs and bullies now do what we say or we will kill you. Really makes me proud to be an American.

I say congrats for those who have left and have now become citizens of better countries they are the lucky ones.

riverbendviewgal

(4,252 posts)
80. Welcome to DU
Wed Aug 20, 2014, 10:25 AM
Aug 2014

GiveEmEnoughRope
You are correct about how the US government has changed.

I am thankful that I emigrated to Canada and became of citizen of Canada .I am indeed one of the lucky ones. I am not longer an American citizen.


I am an American Canadian as my motherland is America but I left long ago... My other ancestry is from grandparents who were from an European country, which never wanted my grandparents to pay taxes to it when they emigrated to the USA.

avebury

(10,952 posts)
77. If I were right out of college and found the right
Wed Aug 20, 2014, 08:50 AM
Aug 2014

job in the right country I would seriously consider doing it and taxes would not even be a consideration. I would encourage any young person to do it. The US is not the country that it once was and is becoming a slowly dying dinosaur that used military might to try to stay at the top of the heap so to speak. Young people should be looking to live in places that on the upswing. There is a real chance that this country will become the 21st Century version of Nazi Germany at the rate we are going (and I am not too sure that there would not be some type of legislation created that would be as bad as the death camps).

hatrack

(59,585 posts)
79. Lah-dee-dah - 1/1,000 of 1% of US citizens became citizens of another country last year
Wed Aug 20, 2014, 08:57 AM
Aug 2014

Let me know whenever this gets "serious".

treestar

(82,383 posts)
84. good, there should be a quota for the millions
Fri Aug 22, 2014, 01:14 AM
Aug 2014

who would give their eyeteeth for a chance to have US citizenship.

Demsrule86

(68,557 posts)
85. Taxes I guess
Fri Aug 22, 2014, 11:24 AM
Aug 2014

Let them but when these countries they live in (especially) China trample their rights ...they are on their own.

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