Irish "accidental Americans"

[NotMyRealName]

While researching the possible opening of a Raisin account, I ended up down this rabbit hole. I have 3 such Americans in my home. As Raisin don't do joint accounts, we were exploring opening separate accounts, however it specifically asks about dual-nationality ( any ex-EU) and seems that's a no-no. Then I moved onto this article https://www.irishtimes.com/business...ns-could-be-subject-to-us-tax-bills-1.3480754
Anyone else have a similar situation? ....and are you doing anything about it ??

 

[Towger]

https://en.m.wikipedia.org/wiki/Barry_Marshall gave up his American Citizenship so he would not have to pay American tax on the prize money. He talks about the process in several podcasts. He is a bit of a Jack the lad

 

[ClubMan]

https://en.m.wikipedia.org/wiki/Barry_Marshall gave up his American Citizenship so he would not have to pay American tax on the prize money. He talks about the process in several podcasts. He is a bit of a Jack the lad

The Wikipedia article makes no mention of that and I can't find anything else that does. In any case, he's Australian. Are you sure that you've got the right person here?

 

[jdwex]

I'm one such accidental dual national. One thing they should do is make US tax returns every year (however, I've never had to pay tax).
It's a pain, but one upside is that I received those stimulus checks that the US issued a few years ago

 

[NoRegretsCoyote]

I have a colleague who, solely for tax reasons, gave up US citizenship. But his circumstances were a bit peculiar.


For most people it tends to work out well and the option to live and work in the US is pretty valuable and worth the inconveniences around holding securities and deposits.

 

[Towger]

The Wikipedia article makes no mention of that and I can't find anything else that does. In any case, he's Australian. Are you sure that you've got the right person here?

Yes, I found a clip were he talks about it. I made a mistake about him being an American Citizen. He had a Greencard, which appears to have the same American tax requirements.
I believe you are a firmware programer so will probably enjoy the whole interview. The American Tax issue is at 17:05

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