Renounce US Citizenship

This guide is for HNWIs who wish to give up their American citizenships (or their advisors) while ensuring they do not run afoul of the law or become subject to unnecessarily burdensome tax liabilities. 

The guide explains, in detail, the individual steps those wishing to expatriate must take, and the precise order in which they should take them.

The report answers questions and covers topics like:

– Why are Americans giving up their citizenships in increasing numbers?
– Which tax regimes apply to expatriates?
– How does the exit-tax work, and how may it be reduced or avoided altogether?
– Who should worry about the expat tax regimes?
– What are the legal and tax implications of expatriation for green card holders and US citizens?
– Which actions trigger the expatriation tax regime?
– Who are “covered expatriates”?
– The 3 Covered Expatriate Tests
– How Covered Expatriates are taxed
– What paperwork is involved in the expatriation tax regime? 
– How to use pre-expatriation trusts
– The 5 steps to formally renouncing citizenship
– How to relinquish Green Card status
– How to file taxes after expatriating
– How expatriation affects future travel to the US
– and countless other questions and topics