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Tax filing is not a legal prerequisite to giving up U.S. citizenship, although there are various negative tax consequences if one fails to file U.S. taxes before giving up citizenship, or fails to file tax forms specific to ex-citizens in the year following relinquishment. [34]
The column "Federal Register" refers to whether and when the former citizen's name was published by the U.S. government in one of its lists of people giving up citizenship. "Too early" refers to people who relinquished citizenship before publication began.
People giving up US citizenship may be subject to an expatriation tax. Originally, under the Foreign Investors Tax Act of 1966, people determined to be giving up citizenship for the purpose of avoiding US taxation were subject to 10 years of continued taxation on their US-source income, to prevent ex-citizens from taking advantage of special ...
President Trump's Executive Order 14160, which aims to strip citizenship from children born on U.S. soil to parents who did not lawfully immigrate, has been blocked by four federal courts, but the ...
For example, under the Heroes Earnings Assistance and Relief Tax (HEART) Act of 2008, United States citizens in general are subject to an expatriation tax if they give up United States citizenship, but there are exceptions (specifically ) for those who are either under age 18 + 1 ⁄ 2 upon giving up United States citizenship and have lived in ...
Americans who live overseas have been renouncing their US citizenship in record numbers over the past several years. In 2014, nearly 3,500 people bid a permanent adieu to the states, and the year ...
Finally, citizenship can be lost through a variety of other grounds, that are often not clearly voluntary or involuntary. One action that is taken voluntarily (e.g. serving in a foreign military) can lead to a subsequent involuntary loss. [2] Some of these grounds include: Voluntary acquisition of another citizenship
More Americans are deciding that they'd rather give up their citizenship than pay more taxes. The Wall Street Journal reports that 2013 has already set a new record for "expatriations," defined as ...