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Old 05-26-2015 | 07:35 AM
  #33  
B757
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Joined: Oct 2010
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From: B757
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Originally Posted by NEDude
Your only way to escape the IRS is to renounce or relinquish your U.S. citizenship. And even then you need to make sure you are completely square with the IRS before doing so and make sure you do not fall under the category of "Covered Expatriate" or you may never be able to even visit the U.S. again. If renouncing or relinquishing your citizenship are not in your plans the the best advice is to assume the IRS will know everything and be completely honest and up front in your taxes. Unfortunately doing so will most likely require an expensive tax professional.
Agreed..All US-citizens and Green Card-holders have to file their taxes / report their worldwide income to the IRS, even if they live and make their living overseas..If you decide to relinquish your citizenship or residency, you will have to notify the IRS that you have done so..A lot of good info can be found on the internet / IRS-website..If in any doubt, hire professional help..Money well spent..
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