mrken30

I was trying to keep the anti US sentiment going.

With the amount of false arrests in the US, you always run that risk of deportation if you are not a USC.

Giantaxe

It's a very real risk too. A friend of mine was threatened with deportation if he didn't agree to a plea bargain for a crime he didn't commit. He took it to court and, fortunately for him, a jury found him not guilty.

plasticbag_uk

There are a couple of reasons I do not want to become US citizens...
One is that I do not wish to be given jury duty here
I do not wish to be subject to US tax regulations if I ever return to the UK to live.
I have been told by some who have done so that it involves denouncing their home country..... I will NEVER agree loyalty to any other country than my own dear Great Britain

tom169

Note that you do not need to denounce your British citizenship to take US citizenship. The US allows dual (or even more) citizenship and so does the UK. Some other countries do not.

Also not sure avoiding jury duty is a factor, but each to their own.

Rete

In addition one should bear in mind the tax implications on a deceases estate if the foreign spouse dies.

Mercury39

That was another advantage I thought of becoming citizens, although I thought even as a non citizen your estate is only liable for estate tax above $5.5m. and as non citizens we don't get to take advantage unlimited marital deduction. What's the implications if a foreign spouse dies?

mrken30

If the spouse receiving the assets is not an actual United States citizen, the tax-free amount that can be transferred is only $149,000 (for 2017), not unlimited. This is true even if the surviving spouse is a permanent resident.

https://www.nolo.com/legal-encyclope...t-tax-faq.html

tom169

never knew this.

Rete

That should have read "In addition, one should bean in mind the tax implications on a deceases estate if the USC spouse dies and the surviving spouse is not a USC or just a PR."

steveq

RENOUNCING, not denouncing, different meaning !

Bob

You've had your greencard long enough that you'll still be responsible for IRS tax filings for a number of years if you did move back, unfortunately.

Cook_County

That is a myth. The expatriation tax changed back in 1998. You might of course still be subject to expatriation tax should you abandon a long-term green card.

Bob

That's not what I said. I said you would still be responsible for IRS tax filings, which the OP would be.

morpeth

Yet who knows beyond FBAR and FACTA requirements what additional requirements will be imposed on US citizens in the future.

Seems being a US citizen is of value if one wants to live and visit USA, I am unsure why anyone would wish to retire in USA unless to be around family.

theOAP

It is complicated.

Someone may leave the US and never file a US tax return again. Someone may leave the US, not be a citizen, and be required to file a tax return until they die. Someone (an LPR) may leave the US, file the last year US return along with 8854, and never file a US tax return again. Someone may leave the US (an LPR) file the last year return along with 8854, and as a consequence - be forced into bankruptcy, but never have to file a US return again. All US citizens who may leave will file a US return all their lives unless they renounce. Some may find it financially impossible to renounce. Anyone with a US taint who leaves the US and has a foreign asset account, whether a citizen or not, may have difficulties due to FATCA reporting.

There are many different scenarios. It's up to each individual to investigate their situation to find out how they may, or may not, be effected. Start with US Code Section 877 and 877A.

This is a major concern. Domestic US tax rules, developed for the US with no regard to US expats, can have unfavourable and unintended financial and personal consequences for the US Person abroad. Posturing party politics in the US can have unfavourable and unintended financial and personal consequences for the US Person abroad.

The scenarios are endless.

Unless someone is 100% sure they want to live in the US their entire remaining lives, it is a mystery as to why someone would stay in the US beyond 6 years with any intention to eventually live outside the US at some point in the future.