[kai]

Hey Guys,
I'm still thinking over everything we would need to consider if we decide to return to the UK and I have just spent a couple of hours getting totally confused about tax stuff. I was wondering if anybody can let me know if I understand things correctly.

I am currently a US permanent resident married to a US citizen. If I get my citizenship before leaving my wife and I will both have to file a tax return every year from the UK but will not have to pay any US tax unless our income is over $80,000. If I do not become a citizen and let my resident status drop, only my wife will have to file a return, but will not have to pay tax on income under $80,000. Is that correct?

Also, I am assuming that my dual citizen children would also have to file returns from the UK once they start working.

Thanks!