Tabitha is correct in what she said. As a US ci

Tabitha is correct in what she said. As a US citizen, you must file your US taxes every year, no matter what. 

 

The foreign income tax exclusion of up to $95,000 does come in handy as well as a credit too. This was a nice surprise for us, when we moved here.

 

I don't consider it a disadvantage, but it does get a bit tiresome to file my taxes in Panama (which requires an accountant, especially if you don't speak Spanish). Those are due prior to March 15th each year for individuals.  Then, that tax return must be used as part of your US tax return.