>you may think that you can simply renounce your US citizenship, burn your passport and call it a day, but as of 1986 the IRS is able to come after you for taxes for up to 10 years after renunciation of citizenship.
Actually, they can only do this if you give up your passport for tax purposes. If you have more than $2 million in assets then it is automatically assumed you are giving up the pass for tax reasons, otherwise it shouldn't be a problem.
> In addition, tax information is now shared with INS, so you can be barred entry from the US or end up getting carted off to somewhere you don't want to go if you don't have all of your ducks in a row.
This will be my biggest worry if I end up giving back my passport. Will the border patrol decide that anyone who is "stupid" enough to give up a US passport must be a terrorist? :)
>You have to remember that you are a citizen of the world's smartest country. They have pretty much thought of everything.
Comments
>you may think that you can simply renounce your US citizenship, burn your passport and call it a day, but as of 1986 the IRS is able to come after you for taxes for up to 10 years after renunciation of citizenship.
Actually, they can only do this if you give up your passport for tax purposes. If you have more than $2 million in assets then it is automatically assumed you are giving up the pass for tax reasons, otherwise it shouldn't be a problem.
> In addition, tax information is now shared with INS, so you can be barred entry from the US or end up getting carted off to somewhere you don't want to go if you don't have all of your ducks in a row.
This will be my biggest worry if I end up giving back my passport. Will the border patrol decide that anyone who is "stupid" enough to give up a US passport must be a terrorist? :)
>You have to remember that you are a citizen of the world's smartest country. They have pretty much thought of everything.
I hope this line is joking.
> Will the border patrol decide that anyone who is "stupid" enough to give up a US passport must be a terrorist?
As an American who plans to give up her citizenship at the very first possible moment, that is my fear as well.