Has it become too much work to remain a U.S. citizen? Has the time come to renounce U.S. citizenship? Would you be a "covered expatriate" if you renounced? Subject to the "Exit Tax"? https://t.co/1sSX7ZQeX9 via @ExpatriationLaw
— John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) March 11, 2018
Click here if you need help with the process of renouncing U.S. citizenship.
Why do some Canadians wish to have a U.S. Social Security number?
How to get a US Social Security Number in Canada – A step by step guide https://t.co/5kxPS4kdBG
— John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) December 13, 2016
Many Canadians are in the process of coming into U.S. tax compliance. One might ask:
Why would a Canadian citizen residing in Canada wish to come into U.S tax compliance?
There are two reasons why Canadian citizen/residents file U.S. tax returns:
1. They have learned that they are U.S. citizens or learned about U.S. “citizenship taxation” (perhaps encouraged by a FATCA letter or their local CPA) and they wish to file U.S. taxes; and/or
2. They have learned that they are U.S. citizens and wish to come into U.S tax compliance to “renounce U.S. citizenship” and avoid “covered expatriate” status (particularly important if they wish to take advantage of the “dual citizenship” exemption to the S. 877A Exit Tax).
Regardless of the motivation, one must do considerable work for the privilege of filing U.S. taxes.