As a US person, there is only one way to avoid US taxation. By no longer being a US person. The process to renounce your citizenship or surrender a Green Card is the easy part. Filing the correct certification, Form 8854, is just part of it. The hard part, is the tax part.
In order to no longer be a US person for tax purposes there are a myriad of steps you have to go through. Otherwise, you run the risk of the IRS not recognizing your expatriation — and then they can assess you taxes and penalties. These taxes and penalties can be collectible in the country you reside, thanks to mutual enforcement agreements.
The IRS exit tax rules are complicated, and full of hidden traps. Yet ultimately, they are also full of opportunity for those with creativity and flexibility.
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These are the most popular countries, after the US, that our clients come from. Click on the flag of the country of interest to learn the most common issues we encounter, and the strategies we use to solve them.
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