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Services for Expatriation

Many American citizens and long-term Green Card holders who have lived outside the United States for a number of years, find it increasingly difficult to reconcile paying and reporting taxes on worldwide income to the US.

For personal or financial reasons an individual may therefore decide to renounce their US citizenship.  Under certain circumstances, the US will impose an “exit tax” at the time of expatriation.

Applies to:

  • Citizens
  • Green Card holders (8 out of last 15 years)

Exit tax if:

  • Net worth in excess of $2 million (value of all assets including house, pensions, deferred compensation, etc.)
  • Not compliant with US tax obligations (reporting and paying) for last 5 years

Except:

  • Dual citizen at birth with the following requirements:
  • $2 million net worth trigger does not apply
  • Must still have been tax compliant for last 5 years

We have handled many cases of expatriation, so please get in touch if you have any questions.

Did you Know?

  • Fact Seven

    Thanks to FATCA banks must disclose their American account holders to the IRS or local tax authority.
  • Fact Six

    The IRS is actively looking for non compliant US persons.
  • Fact Five

    It takes an average of 16 hours to do IRS Form 1040.
  • Fact Four

    There are over 500 IRS tax forms.
  • Fact Three

    Since 1916, illegal income has been taxable.
  • Fact Two

    US persons must file tax
    returns no matter where they live and work.
  • Text One

    7 million Americans abroad
    only 500,000 compliant