“UPDATE: FATCA: Citizenship-Based Taxation, Foreign Asset Reporting Requirements and American Citizens Abroad” is a comprehensive article in the New York University Law Journal on the evolution and current situation of FATCA/CBT/citizenship by international lawyer and retired US Foreign Service Officer Andrew Grossman. It’s well organised, both very detailed and easily readable for the layperson, with plenty of links throughout for those seeking further information on the various aspects. It’s an update of his article which was posted here around five years ago.
Well I finally did it. Today I renounced my U.S. citizenship at the U.S. consulate in Toronto. There’s some regret, but mostly relief. It took more than a year and a half to get the appointment plus $3144 CAD. A lot of money for me as an eighty year old pensioner, but It just had to be done.
Well done. Should be a relief. Hope you dont feel the need to file anything else.
This site is awfully quiet these days
@Richard
Curious as to why you did it at this stage in your life? Where you concerned about US tax obligations for the executor of your will, or potential estate planning issues?
I have copied Richard’s comment and those replying to it to the Consulate Report Directory page. Please make any replies to it on that page.