So after living in the US for 5 years, my USC husband and I are planning to move back to Australia later this year.
I have started my application for citizenship but am starting to question if it's something I should really do. I can technically have a dual citizenship with both AU and USA, though in the eyes of the US, I am only a USC, which is fine except for the tax requirements from this.
I know the pros of becoming a USC are having a US passport and having the freedom to travel back and forth between the countries and work etc without dealing with visas and USCIS. But honestly, I don't intend to return to the USA permanently or live here again, so while it's a perk, I could easily still travel here on a WVP to visit the inlaws in future (once I forfeit my LPR).
Others pros are the right to vote (which is nice but not a huge priority for me, especially once I live in AU), and if my USC dies, I wouldn't be hit with a big estate tax bill (if we were in the US, not sure about property in AU)
The BIG con for me is the ongoing tax requirement I'll have with the US after I become a USC. The US requires all citizens to file taxes on their world wide income, even if hubs and I make only an Australian income, we need to file a US tax return each year.
Apparently, both countries have tax treaties and credits that prevent you from paying double taxes (on a certain amount, anything over that amount we'll be required to pay taxes on), but I'm not sure this is something I want to take on as a lifelong requirement. Sure, my husband will have to do it as a USC, and technically I am required to do it as a LPR, but I would then have to option to forfeit my LPR and no longer have any requirement to the US (hubs would not have to include me in his file if I was not longer a resident)
I want to know how other Aussies feel about this? or if anyone is in the same boat as me.
It feels like a shame to lose all that time, effort and money put into the residency visa, but I'm also not thrilled about having an ongoing tax obligation (even if we never actually owe anything) while trying to live on the other side of the world.