Transcription of US EXPATRIATION - Frank Hirth
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US EXPATRIATION - Frank Hirth
Vast numbers of Americans residing abroad have renounced their US citizenship in recent years, and Lawful Permanent Residents ( green card Holders) residing abroad are now increasingly likely to return their cards rather than face the increased tax and immigration requirements facing them. The increasing complexity in US reporting requirements, new taxes such as the Net Investment Income Tax (NIIT), informational penalties out of all proportion with tax violations, and the additional FATCA requirements have all played a you are considering giving up your US citizenship or green card , our specialist EXPATRIATION team can guide you through the complex tax rules you need to can advise you on your situation with the IRS, and whether you could be considered a covered expatriate subject to the punitive US exit charge provisions. One important requirement at the time of EXPATRIATION for example is being able to certify that you have been compliant with all of your tax obligations for the past five years.
abroad are now increasingly likely to return their cards rather than face the increased tax and immigration requirements facing them. The increasing ... If you are considering giving up your US citizenship or green card, our specialist expatriation team can guide you through the …
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