How to renounce your U.S. citizenship. Contact the U.S. embassy or consulate in the country where you intend to live to sign an oath to renounce your U.S. citizenship. Learn more about the renunciation process. How you may lose your U.S. citizenship. You may lose your U.S. citizenship in specific cases, including if you:, Understanding these reasons is crucial for those considering this path, as well as for policymakers and financial professionals navigating international finance. Avoiding Excessive Taxation. A primary reason individuals renounce U.S. citizenship is to escape the heavy tax obligations imposed on Americans, regardless of where they reside., Acceptable Reasons For Renouncing U.S. Citizenship If you wish to go forward with the U.S. citizenship renunciation process, there are several acceptable reasons for choosing to do this, such as: Identity and belonging: You may find that your personal identity does not align with the United States anymore, especially if you have spent time , Renunciations of U.S. citizenship is now at an all time high. The process is complex and requires careful planning and execution. But it can be done. Here's what to know., By virtue of section 349(a)(5) of the INA, a person wishing to give up or renounce their US citizenship must voluntarily, and with intent to renounce their citizenship, appear in person before a US diplomatic or consular officer in a foreign country, typically at a US Embassy or Consulate, and sign an oath of renunciation., One of the most common reasons Americans renounce their citizenship is the tax burden associated with the United States' unique global tax system. Unlike most countries, the U.S. taxes citizens on worldwide income, even if they reside abroad. For many expatriates, managing this dual tax obligation becomes financially and emotionally taxing..