Hi all,
My husband and I just moved over to the UK about four weeks ago. He's is from here, but we have been living in Chicago for the past four years while we went to school. I'm originally from Utah, but I think my domicile status changed when I got my IL driver's license and we rented our apartment.
I'm wondering if it would be a good idea for us to close out our US bank accounts, so that we don't run the risk of getting taxed extra on them? We kept a few open in Chicago, and I have one open in Utah, figuring that it would be easier to simply keep some money in the States when we went back to visit, rather than dealing with currency exchange and all of that.
I'm just now looking into taxes and things (I didn't realize Americans still had to file when living abroad. Lovely.) so if anyone has an easy, step-by-step guide to that, it would be much appreciated.
I haven't worked in Utah for three years, but both my husband and I were working in Illinois up until about a month before we moved. Also, I am self-employed, and have kept the same clients since I moved.
I know this post is all over the place, but we're having a baby in June, and I figured I should probably try to get this straightened out sooner rather than later.
Thanks!