Quote:
Originally Posted by Mutt
the only way for a company or individual to get out of the grasp of the IRS is to move offshore completely and renounce their American citizenship right? If you keep your American citizenship they will still keep hounding you.
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US citizen, and I remember reading somewhere after 2007 anyone who's held a US green card for more than 6 months, have to pay taxes internationally on any sources of income, including property like houses. I believe it's 4% tax overall.
I've read on expat forums people renouncing their US citizenship and having a hard time getting the consulates to accept it, some have even had their passports mailed back to them.