Hello everyone,
US citizen moved to UK as 11 month old baby, Grew up in UK, enlisted US marine corps age 19 (1992).
IIRC filled my 1040EZ for fiscal years 1992, 1993, 1994, 1995.
Naturalised Spanish citizen in Spanish consulate Los Angeles CA, Summer 1996.
Honarably discharged from Marine Corps, Nov 1996.
Moved to Spain and have not filed my taxes since, Just learned that I'm supposed to.
I have been married to a spanish national since 2001, we have 2 kids who are both spanish nationals and cannot opt to direct US citizenship I'm 2 weeks short of the 5 years neccessary. I was really dissapointed on hearing this, I considered it my gift to them. On learning of my and their possible future tax obligations the gift would have been a poisoned apple.
My wife and I are married under communal gains, in other words everything half each.
My wife is a civil servant and I am a simple mechanic, we own a small apartment and are paying a mortgage.
I have not been to the USA since my discharge from the service 17 years ago, and have no plans to in the future, I have no close relatives in the US, or nothing.
There is no way I owe the IRS anything. Ethically there is no way I am disclosing my wife's personal info with them. We have 2 joint accounts FATCA would violate her Data protection rights
The options I am pondering:
1. Do nothing, not file see what happens. There is no way I'm going to get compliant without expert help, besides I refuse to deal with it every year.
2. Renounce US citizenship.
I would still need expert help to do exit tax thing.
What are everyones views. Thanks in advance.
US citizen moved to UK as 11 month old baby, Grew up in UK, enlisted US marine corps age 19 (1992).
IIRC filled my 1040EZ for fiscal years 1992, 1993, 1994, 1995.
Naturalised Spanish citizen in Spanish consulate Los Angeles CA, Summer 1996.
Honarably discharged from Marine Corps, Nov 1996.
Moved to Spain and have not filed my taxes since, Just learned that I'm supposed to.
I have been married to a spanish national since 2001, we have 2 kids who are both spanish nationals and cannot opt to direct US citizenship I'm 2 weeks short of the 5 years neccessary. I was really dissapointed on hearing this, I considered it my gift to them. On learning of my and their possible future tax obligations the gift would have been a poisoned apple.
My wife and I are married under communal gains, in other words everything half each.
My wife is a civil servant and I am a simple mechanic, we own a small apartment and are paying a mortgage.
I have not been to the USA since my discharge from the service 17 years ago, and have no plans to in the future, I have no close relatives in the US, or nothing.
There is no way I owe the IRS anything. Ethically there is no way I am disclosing my wife's personal info with them. We have 2 joint accounts FATCA would violate her Data protection rights
The options I am pondering:
1. Do nothing, not file see what happens. There is no way I'm going to get compliant without expert help, besides I refuse to deal with it every year.
2. Renounce US citizenship.
I would still need expert help to do exit tax thing.
What are everyones views. Thanks in advance.