Renouncing US Citizenship
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Read more: What is a Long-Term Permanent Resident and the Tax Considerations for Green Card Holders
For US tax purposes, the term “long-term permanent resident” has a very specific meaning under the expatriation rules of the Internal Revenue Code (IRC) §877(e)(2). It is not simply anyone who holds a…
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Read more: Dual Citizenship and Renunciation: Navigating Complex Scenarios
For individuals with dual or multiple citizenships, the decision to renounce U.S. citizenship can be particularly complex. It involves not only legal and administrative steps, but also a nuanced understanding of how tax…
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Read more: What Does “Tax Compliance” Mean Before Renunciation?
To renounce your U.S. citizenship without facing additional tax burdens, you must certify – under penalty of perjury – that you have complied with all U.S. tax obligations for the five tax years…
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Read more: The Process of Renouncing U.S. Citizenship: A Step-by-Step Guide
Renouncing U.S. citizenship is a serious and personal decision – often taken for reasons related to taxes, dual residency, or personal values. While the process is legally straightforward, it involves multiple steps, government…
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Read more: Understanding the U.S. Exit Tax: What You Need to Know
Renouncing U.S. citizenship is a major decision, often driven by personal, financial, or lifestyle considerations. However, for certain individuals, giving up U.S. citizenship can also trigger a significant financial consequence: the U.S. Exit…
