Due to the lack of replies compared to the active threads on purchasing, I'd say most people arent "going about things"!!
IRS in London Embassy sent me an email confirming no tax return necessary if earning under the previously stated amounts. But I think I'd rather file and be sure, so I was recommended a US accountant and I think I'm going to use him for the first year (this decembers's tax year end) and then copy his forms in the subsequent years.
Nightmare of translating this to the UK tax form then ensues!
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