Don't forget that any pension income you are receiving must be included in your taxable income figures (If from a former US-based job.....not sure about pensions from working at overseas companies. Others in this community are far more knowledgeable about that). If you have started receiving US Social Security income, that can also end up as partially taxable income, unless the interest is truly your only income of ANY kind during the year.
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I'd stay away from any web sites claiming $100k penalties and jail time (this web community should be OK), and a warning to renounce US citizenship is ridiculous nonsense.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
