Jun 26, 2017 | Firm Updates, International Tax
Last week we began the story of John and Jane Farkle, U.S. citizens who had decided to expatriate (i.e., renounce their U.S. citizenship) after becoming disillusioned with the U.S. political climate. Unfortunately, the more they learned about the expatriation process...
Jun 19, 2017 | Firm Updates, International Tax
Over the last couple of weeks we have been discussing the expatriation process. A citizen or long-term resident who wishes to permanently sever ties with the United States (i.e. expatriate) must take certain legal steps and pay any taxes due to the United States....
Jun 12, 2017 | Firm Updates, International Tax
Last week we discussed the process of abandoning U.S. citizenship or lawful permanent resident status. This expatriation process involves legal steps as well as related tax filings. Depending on the financial status of the expatriating taxpayer, an expatriation tax...
Jun 5, 2017 | Firm Updates, International Tax
An expatriate is generally defined as someone who has withdrawn from residence in, or allegiance to, one’s native country. But the tax code defines an expatriate a bit more specifically as any U.S. citizen who relinquishes his or her citizenship, or any long-term U.S....