The annual cost of filing

[formerpatriot]

Scenario:
This person is a dual citizen (Canada and USA) living and working in Canada.
This person owns TFSA, RRSP, RESP and non-registered brokerage account, all of them containing index mutual funds and ETFs.
This person is fully IRS compliant.
This person files 3520, 3520A, 8621, FBAR, etc.

How much does this person pay every year to have her IRS tax return prepared by a cross-border accountant?
Less than 1000 USD?
Between 1000 and 1500 USD?
Between 1500 and 2000 USD?
Between 2000 and 2350 USD?
More than 2350 USD? :-)

As you can guess, this person hesitates between
1. retaining her US citizenship and remaining fully compliant;
2. renouncing her US citizenship.

[nelsona]

If she is already fully compliant, what is she paying now?

[formerpatriot]

Sorry, I was not clear.
Up until now, she has been compliant and she has filed by herself (which is possible because her situation is very simple (1040, 2555, 8938)).
But her situation will become complicated a few years down the road.

[nelsona]

well, she can either CHOOSE to complicate things, or not. But $2500 would be a good starting point as she complicates matters.

[exPenn]

So the cost of renouncing would pay for itself in one year of tax return savings.