As a US citizen, moving abroad is not the end of your US taxation filing requirements. If you ignore, or are unaware of your obligations you can face significant penalties for non-compliance.
Since the introduction of the Foreign Account Tax Compliance Act (FATCA), some foreign jurisdictions will automatically report your overseas bank account information to the Internal Revenue Service (IRS). This means the IRS may be aware of financial information that is omitted from your tax filing information.
Our team provide comprehensive advice regarding the tax implications of moving overseas, changing tax residency and any foreign companies or trusts you may have.
Our goal is to ensure you are aware of the potential tax consequences of your options, so that you can obtain the optimal income tax position for your personal goals and circumstances.
HOW WE ASSIST AMERICANS MOVING ABROAD
DEPARTING USA TAX REVIEW
When you are moving overseas for the first time, you need guidance on the international and US tax consequences of your move. We provide a comprehensive review of how your change in tax residence impacts your assets, your ongoing tax obligations, and any exit taxes.
TAX PREPARATION
We provide assistance for all your individual tax return needs. This includes preparing and lodging your Individual State and Federal tax returns, including Forms 1040 and 1040NR.
GIVING UP CITIZENSHIP OR GREEN CARD
Those wishing to give up their American citizenship or green card have specific tax obligations that need to be met. As specialists in international taxation we will assess your situation and explain your obligations.
CUSTOM ADVISORY
A custom tax strategy is prepared for your goals and needs when you engage us for custom advisory services. We begin with helping you understand the facts of your current situation, assessing your goals, and providing you with clear advice regarding your opportunities, risks, and relevant strategies.
MOVE ABROAD WITH CONFIDENCE
Moving overseas isn’t the end of your US tax obligations. Contact us now to ensure you stay up to date and obtain tax effective advice for your situation.
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