Hello everybody,
This is a question to the american members of the forum:
I am an american dual national. I was born in the US from foreign parents and never lived there. I recently discovered that I was supposed to report my income to the US gov't.
I am wondering what would be my US tax liability? I earn around 150'000 CHF, my wife is NRA and I live in Canton de Vaud which is not really a low taxing Canton.
I contacted a CPA and he first said : "No problem. You will end up paying very little and may be nothing at all". That was my impression too.
And after he looked into my case, he said : "Well, you would actually owe 5000 USD (per year...) to the IRS".
I am wondering if he used all the (legal) ways to lower that because that seems really high.
Any opinion on these figures?
By the way, is it worth using a CPA whose fees are astronomical?
I heard of turbotax and others, are they useful, useable?
Thnaks in advance for your help