r2i forum

I wrote to MHA before I posted here. But no response. My understanding of the process is from the same doc you referred above.

I'm hoping there would be a few with first hand or second hand experience who'll come forward to share it. There have been some past threads which shows that there were a few people who thought about this. I wonder if they resolved the issue and how. I don't agree with you that only the retired will ...

[QUOTE=okonomi;636394]I noticed that The Donald (poised to win the US Presidency) is not one of your reasons. The Americans abroad group has been lobbying the US Congress for quite some years now. Tax Reform could be on the agenda, if Ryan can get past his primary opponent next Tuesday and get to be ...

Can anyone help with the process related questions in gaining back IN citizenship and renouncing US citizenship? Note that IN asks that you submit the 'certificate of renunciation from the foreign country' between "IN's acceptance of application for IN citizenship" and issue of the IN citizenship ...

The US taxation rules apply to both green card holders and citizens alike. But green card is easier to give up. One more observation about dual taxation: You end up getting taxed at the highest percentage of the two countries, regardless of where the income originates. So, if you plan on taking the ...

[QUOTE=nova2blr;636376][COLOR=#3E3E3E]SpringForever, What is your rationale to evaluate this option of renouncing US citizenship?[/COLOR][/QUOTE] Not specifically in that order of importance, but 1. Philosophical - When you are living a long time in a country and have decided to stay there forever ...

[QUOTE=retind2015;606086]Did anyone renounced USC for Ind Citizenship recently? If so can you please share the process steps and time it takes?[/QUOTE] I'm on that path too and wondering the same. Since it has been an year from your post, I wonder if you have any insights / experiences to share? It ...

[QUOTE=Old-Spice2;600280]Yes no need to file taxes in US and not worry about PFIC, FBAR or FATCA.[/QUOTE]

I'm considering the same. Did you go through your idea and apply to get Indian Citizenship. How was the process?

Bobbasic2002, did you get back your Indian Citizenship? I'm considering doing the same. If you can share your experience of the process, it would be great. I agree that getting the citizenship back is good and practical if the financial damage is not too much.

[QUOTE=swami91;599521]Exit tax is not for your company alone if you own the shares. Its about individual worth including all the property you have in India (not sure about inherited property). The tax 15% ( I think) of all the assets (total worth $2M) you have as if its sold on the day you ...