Hi all,
I was born in the USA as a US citizen, moved to Canada 10 years ago, married a born Canadian citizen, and became a dual Canada/USA citizen myself. I live and work exclusively in Canada (although I do have some investments of Canadian and US stocks and such).
Since I moved to Canada, I've always filed Canadian taxes. However, I've recently been informed that I might have had to file US tax returns, even though I have nothing more to do with the USA other than my citizenship from birth. Is this true?
If so, and given that I haven't filed a US return since moving to the USA 10 years ago, am I going to be in for a world of financial problems if I file now? I'd almost rather give up my US citizenship if it's going to cause a huge financial headache at this point....
Thanks for any advice you can provide!
--Dave
I was born in the USA as a US citizen, moved to Canada 10 years ago, married a born Canadian citizen, and became a dual Canada/USA citizen myself. I live and work exclusively in Canada (although I do have some investments of Canadian and US stocks and such).
Since I moved to Canada, I've always filed Canadian taxes. However, I've recently been informed that I might have had to file US tax returns, even though I have nothing more to do with the USA other than my citizenship from birth. Is this true?
If so, and given that I haven't filed a US return since moving to the USA 10 years ago, am I going to be in for a world of financial problems if I file now? I'd almost rather give up my US citizenship if it's going to cause a huge financial headache at this point....
Thanks for any advice you can provide!
--Dave