Join Sign In
Cigna International Health Insurance
Expat Finance

Be aware of the intricacies of renouncing your US citizenship.

View/Add Comments (0 Comments) | Add to Favorites (0 Favorites)

Be-aware-of-the-intricacies-of-renouncing-your-US-citizenship

While renouncing citizenship has become a popular thing to do, you should know it doesn't automatically help you avoid US taxes. In order to renounce, you must prove that you've been compliant on the last five years of US taxes. Also, depending on your income and net worth, you may be subject to an 'exit tax' when you renounce.

Submitted on Sep 26, 2016 - Category: Expat Finance

Submitted By

GreenbackExpatTaxServicesGreenbackExpatTaxServices

ABOUT ME

David is an IRS Enrolled Agent, an MBA and an experienced finance professional and entrepreneur. David and his wife, Carrie, were frustrated with the process of filing their expat taxes. They found plenty of accountants, but few who could accurately prepare expat taxes. There were expensive accountants who treated them like a number and US CPAs who were well meaning, but not up to date on the rules as they apply to expats. Together they decided there had to be a better way. So they created the kind of company they wanted to work with - and Greenback Expat Tax Services was born!

Comments

Sign In or Sign Up to reply

Expatriate Health Insurance

Get a quote for expat health insurance from our partner, Cigna Global Health.
Get a Quote

Culture-Shock-in-SavusavuAn Expat Talks about Culture Shock & Living in Savusavu, Fiji

An expat in Savusavu, Fiji talks about the realities of living in Fiji. She and her husband quickly realized that being a resident and being a tourist are two completely different things.

An expat in Savusavu, Fiji talks about the realities of living in Fiji. She and her husband quickly realized that being a resident and being a tourist are two completely different things. ...

Living-in-MeridaAn Expat Discusses Living in Merida, Mexico

An expat talks about living in beautiful Merida, Mexico. This modern city of over 750,000 on the Yucatan still retains some of the Mayan culture. Parts of the city have very modern architecture while others have colonial. If you're moving to Merida, prepare yourself for the heat and friendly locals.

An expat talks about living in beautiful Merida, Mexico. This modern city of over 750,000 on the Yucatan still retains some of the Mayan culture. Parts of the city have very modern architecture whi...

Moving to Barcelona

Expats in Barcelona enjoy a beautiful city on the Mediterranean Sea and one of the most popular cities in Europe. Here is some great advice from expat that already live there.

Expats in Barcelona enjoy a beautiful city on the Mediterranean Sea and one of the most popular cities in Europe. Here is some great advice from expat that already live there....

11 Things to Know Before Moving to Cuenca, Ecuador

Cuenca is Ecuador's third largest city, but still has a small-city feeling. Expats share 11 things they wish they had known before moving to Cuenca from packing sunscreen to being aware of gringo gouging.

Cuenca is Ecuador's third largest city, but still has a small-city feeling. Expats share 11 things they wish they had known before moving to Cuenca from packing sunscreen to being aware of gringo gou...

Healthcare in Italy

An overview of the healthcare system in Italy - public and private hospitals, Servizio Sanitario Nazionale (SSN), getting your Tessera Sanitaria (healthcare card), vaccinations for Italy, prescription medication availability and more.

An overview of the healthcare system in Italy - public and private hospitals, Servizio Sanitario Nazionale (SSN), getting your Tessera Sanitaria (healthcare card), vaccinations for Italy, prescription...

Copyright 1997-2019 Burlingame Interactive, Inc.

Privacy Policy Legal