Is there a “right way” to renounce?

Yes. It’s essential to have professional guidance to avoid potential pitfalls of renunciation, such as the US Exit Tax or becoming barred from visiting the US. What you say during a renunciation interview is also crucial as there can be severe immigration consequences. Individuals deemed to have renounced to avoid tax can be barred permanently from returning to the United States, even as tourists. Renunciation requires careful planning on all fronts.

Is renouncing US citizenship a political decision?

Generally, no. Renunciation is often financially motivated. All citizens with ties to the US (regardless of where they live) must meet IRS reporting and filing obligations. These obligations can carry a high cost.

What is an “Accidental American”?

Most children born outside the United States to a US parent and all individuals born in the US are US citizens regardless of where they live now. These citizens are still required to meet annual IRS reporting and filing obligations.

Read our blog on Accidental Americans.

Who is required to meet IRS reporting and filing obligations?

• US citizens or green card holders living inside or outside the United States
• Any individual with a US parent(s) who lived in the US long enough to pass such citizenship on at their birth
• Any individual born in the United States

How much does it cost to maintain my US citizenship?

All US citizens are subject to the costs of annual filing, along with the potential costs of double taxation, US estate and gift tax, and more.