I just signed all of the documents for the streamlined procedure, I’m very happy that my back taxes are behind me!
My next step is to renounce my US citizenship.
I have 2 questions:
1. During my renunciation appointment, do I have to say anything about my taxes? Or, why did it take so long to file my US taxes? Or, anything like that?
2. After I renounce my citizenship, is there one final US tax document that I have to do next year?
Thank you very much for all of your work!
Hello Mr O.,
Thank you for the signed documents, I will print and mail the documents and provide you with the tracking number of the registered mail.
Here are the answers to your questions:
- During my renouncing appointment, do I have to say anything about my taxes? Or, why it took so long to file my US taxes? Or, anything like that?
No, they should not ask questions about taxes. If they do, simply say that you were not aware before and that you rectified the situation with the streamlined procedure, but I doubt they will ask any questions.
The appointment with the embassy is to renounce your citizenship, which is different from the tax requirements for expatriation (see following question).
- After I renounce my citizenship, is there one final US tax document that I have to do next year?
The year of renunciation, you will have to file two tax returns, one 1040 and one 1040NR. This happens when you are a dual-status (click here for more info).
You will also have form 8854 to file to confirm the tax side of the expatriation.
All these forms are to be filed next year at the time of the tax season, don’t worry we will guide you through that.
Thank you for your trust. If you have any other questions, always feel welcome to ask them.
Nicolas Godbout, M. Fisc., Pl. Fin.