Want to shed U.S. citizenship? Get in line

Want to shed U.S. citizenship? Get in line http://t.co/svfnat0wik – #Americansabroad are heading for the exits

— U.S. Citizen Abroad (@USCitizenAbroad) August 22, 2014

In the meantime, Nightingale warns, the tax side of renouncing U.S. citizenship can be expensive:

“If somebody comes to us and says, ‘I’m a U.S. citizen, I’ve never filed tax returns, I’ve got a pretty ordinary life, but I’ve got an RRSP, an RESP, a TFSA and some mutual funds, and can you prepare all my returns and get me ready for expatriation?’, by the time we do all that, it’s not hard to spend $15,000 or $20,000 for a fairly ordinary person.”