US EXPATRIATION - Frank Hirth

1 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.

2 We can help you to bring your affairs up-to-date or advise and assist with any necessary amendments to ensure you meet the stringent s more, we will not only prepare the personal tax returns and related filings, but will use the detailed knowledge gained to offer the best possible advice on the implications of expatriating. We will also look at the implications any decision may have on family members or business structures, working closely with our business tax and trust teams. Whatever your situation, our aim is to provide you with the information you need to make an informed choice about your US citizenship or green the process is in place, we will prepare the US tax filings for the year of EXPATRIATION , including the EXPATRIATION Form 8854 which is mandatory for all but short-term green card holders. We can also advise on any future US tax implications you may face as a non-resident the process, we will work with your US immigration lawyer and other professionals to make sure that both the immigration and tax issues are reviewed and processed EXPATRIATIONOUR AIM IS TO PROVIDE YOU WITH THE INFORMATION YOU NEED TO MAKE AN INFORMED CHOICE ABOUT YOUR US CITIZENSHIP OR green | t: +44 (0) 20 7833 3500 | document has been written for the general interest of our clients and contacts to stimulate further thought and enquiry.

3 It does not contain answers to specific situations and it is therefore essential to treat it as a prompt to take specific advice on any real and particular issues. We believe that the facts as summarised in this document are correct as at the time of going to press in November 2016. If we discover that the document might be read in a way that conveys a misleading impression (whether by tone, content, error or omission) we will make the necessary changes and draw attention to what has been changed once we become aware of the need to do so. We will not be responsible for any action taken by a reader who relies on the document but does not seek further advice to answer any specific query. Frank Hirth PLC Registered in England and Wales: Number 03945095. 2016 Frank HirthPRIFLY1116 Frank Hirth PLC London | Frank Hirth LLC New York | Frank Hirth LTD Wellingto