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DJClaire

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  • City
    Milford
  • State
    Connecticut
  • Interests
    In no particular order . . . Travelling, photography, music and dogs! :-)

Immigration Info

  • Immigration Status
    Adjustment of Status (pending)
  • Place benefits filed at
    California Service Center
  • Local Office
    Hartford CT
  • Country
    United Kingdom

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  1. DJClaire
    Thanks so much. It really is a tricky one to navigate. Looks like the two banks I have been with for over 30 years will want to close my accounts which are very active and in use. So currently have to search for alternative banking options.
  2.    ghostinthemachine reacted to a post in a topic: Renouncing US Citizenship
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  6. DJClaire
  7.    DJClaire reacted to a post in a topic: Renouncing US Citizenship
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  9. DJClaire
    Yes, it is a real problem for many dual nationals. The British banks do not find US resident customers attractive, due to the huge reporting requirements placed on them by the IRS. They often look at these accounts as a problem for not very much return. As for the taxation, there is no problem filing but the extra layer of form filling required can be a headache as I am not in the UK, so I have to navigate THREE tax systems (two taxing worldwide income) and THREE different filing and payment dates. So far I have managed it perfectly and never been late or missed anything however it is A LOT. Then when you add in the extra dimension that inheritance tax might create for me in a few years, it feels overwhelming. The key issue is America is one of only TWO countries in the WORLD that demand citizens file taxes regardless of where they live. It is a royal pain. We never owe anything to the US as the taxation is higher in Spain, but still, it costs us a fortune in time and money to remain compliant. As for visas and future entry I will definitely take legal guidance on that. Though I never want to live there again (and could likely never afford to again what with housing and healthcare costs) I would like the ability to holiday there. I will take some advice and try and best weigh up the pros and cons. Thanks so much for y our help and input, I really appreciate it.
  10. DJClaire
    I will definitely take a look and see if they support Brit/Americans in Spain too. Thank you
  11. DJClaire
    Interesting. Thanks for that suggestion. I will take a look and see how high their minimum balances are for non-residents.
  12.    DJClaire reacted to a post in a topic: Renouncing US Citizenship
  13. DJClaire
    I will definitely double-check regarding the future ESTA. I am afraid every bank in the UK is meant to ask about personal information and citizenship regularly so I am not sure there is any way to avoid it. Interestingly, my banks only started contacting me 3 months after oath so they clearly communicate often. I could o of course use something like Wise or Revolut but I actually use my UK banks more than anything else, even living overseas so to lose them would be a blow.
  14. DJClaire
    Absolutely, thank you. You have been super helpful in helping me draw up a pro's and con's list essentially. I do not want to make a rushed decision and I would definitely not make it based on political grounds (four years I am sure will fly by!). The issue is the burden of being a US Citizen overseas is heavy at times, and when you throw in a third countries tax regime into the mix it is enough to make your head spin. If I do go ahead I will be sure to share my experience to help other VJ users 🙂
  15. DJClaire
    Hi, Thanks for this. We are definitely not avoiding taxation. We have filed with no issue since moving overseas. The double taxation treaty has meant we owe nothing in the US, we simply pay taxes where we reside. My issue is the impact being a US Citizen has on my access to a British bank account for example and how to navigate and file in three countries at once.
  16.    DJClaire reacted to a post in a topic: Renouncing US Citizenship
  17. DJClaire
    Hi Garebear, thanks for your comment. It is most definitely a hard decision but the filing of taxes is not a real issue as my American spouse will have to file anyway, it is the other IRS obligations placed on overseas residents that are causing me a headache. I am trying to navigate three taxation systems and it is a heavy burden. My legal research so far shows no blocks to visiting the US or even reapplying if for some wild reason we wanted to return. Can you guide me in your research that says different as that would be a major consideration as we would like to visit friends every couple of years.
  18. DJClaire
    As far as my research shows there is no issue visiting the US after renouncing. You apply for the same ESTA waiver as far as I am aware and can visit for 90 days. Legally I believe you can also reapply for the green card if your circumstances meet the criteria, but as I said, we have no intention or desire to return. I am just weighing up the pro and cons for my little family and renouncing could be the easier option.
  19. DJClaire
    This is not technically true. We do not have any intention of ever returning to the US, however, if we had to for some reason there is nothing legally stopping us from going through the immigration process again.
  20.    DJClaire reacted to a post in a topic: Renouncing US Citizenship
  21. DJClaire
    Thanks for this. I will check out the channel. Thankfully I believe I would not be liable for exit tax as I am below the threshold, but I will explore thoroughly before applying.
  22.    DJClaire reacted to a post in a topic: Renouncing US Citizenship
  23. DJClaire
    Yes, it is a big decision and an expensive one since the renouncing fee has been hiked from $450 to $2350. However there is talk that it may again be reduced in the near future. As a family we have no intention of returning to the US and if by some extreme and as yet unknown reason we had to, we know we would have to navigate USCIS and visa applications once again.
  24.    DJClaire reacted to a post in a topic: Renouncing US Citizenship
  25. DJClaire
    Hi, Yes we have since moved overseas. We have been filing with no issue in the US and paying taxes in our new country however my British banks do not want US citizens as customers as the IRS places too much onus on the banks. What with the various IRS requirements on Americans living overseas and navigating three countries' tax systems it is a lot. We will never return to the US and feel renouncing might be the answer for us in our particular situation.
  26.    Boiler reacted to a post in a topic: Renouncing US Citizenship
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  29. DJClaire
    This may read as an odd title what with many people wanting to obtain US Citizenship, however I have now moved overseas. Has anyone renounced in the last 6 months that can talk me through the process or direct me to some useful resources? Thanks in advance.
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