Being a U.S. citizen has huge benefits, but comes with the responsibility of filing an annual tax return with the IRS regardless of your country of residence, and the need to comply with U.S. regulations for all investments made.
If you are considering renouncing your U.S. citizenship, there is a lot of planning to be done to ensure it is successful. We work with you to examine if expatriation is possible and what the tax ramifications would be – considering exposure to the Exit Tax. Our experts are available to guide you through every step of the process, including ensuring all tax returns are up to date, your interview with the State Department, your final tax filing, and all relevant paperwork.
We can also address additional special planning techniques available to Long Term Green Card holders who wish to surrender their Green Cards.