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Nearly 1 in 4 Americans Abroad Want to Give Up Their US Citizenship Due to Taxes Share Article According to a recent report by Greenback Expat Tax Services, 23% of Americans living overseas are seriously considering citizenship renunciation. Most say taxes are the reason. Infographic shows key findings of the 2021 US Expat Opinion Survey by Greenback Expat Tax Services When asked why they wanted to give up their US citizenship, 42% of expats cited the burden of filing US taxes as the primary reason. GRANDVILLE, Mich. (PRWEB) May 27, 2021 Americans living abroad have a history of feeling neglected by the US government and overburdened by tax regulation. According to Greenback Expat Tax Services’ 2021 survey of US expats, 23% of Americans living overseas are seriously considering citizenship renunciation. Another 42% would not rule it out. ....
U.S. expats have tax filing help with H&R Block’s new DIY tax software HRB Tax Group, Inc. Kansas City, Missouri, UNITED STATES KANSAS CITY, Mo., Feb. 11, 2021 (GLOBE NEWSWIRE) Unlike most countries, American expats, which includes U.S. citizens and permanent residents, still need to file U.S. federal income taxes while living and earning income abroad. Tax filing is especially important for U.S. expats because they can be at risk of penalties, or in some cases, losing their passports if they are not compliant. To help expats meet their filing obligations, online do-it-yourself tax software for U.S. expats who want to file on their own. ....