Many people wonder whether or not they have to file taxes if they have a dual citizenship. First, let’s start with what this means. If are you are a citizen of both the United States and another country, like Canada or the United Kingdom, then you have what’s called dual citizenship. Unfortunately, when it comes to filing taxes, things may get a bit more complicated for you though. Do dual citizens need to file a U.S. tax return? Is it common to end up paying taxes in a country that you don’t live in? It’s important to answer these questions and clear up any misconceptions, so you do right “tax-wise” to maintain your dual citizenship.
Citizenship Is Important
Any citizen of the United States, regardless of their current location overseas, must file a U.S. tax return. They may not owe the IRS any money, due to the treaties in place with foreign countries in order to prevent double taxation from occurring, but they are still required to file a tax return – even if their income was earned in the country in which they reside.