Before you give up your citizenship, you should understand what happens to social security if you renounce citizenship. It’s pretty straight forward.
Making investments is the best way to help you with …
Renouncing US citizenship and taxes is complicated. There’s an “exit” and possible penalties. But some tax can be greatly reduced.
The streamlined foreign offshore procedures is for taxpayers that have undisclosed foreign income or accounts but live inside the U.S.
The FBAR vs 8938 are similar, but there are some key differences. Penalties for not filing each (or both) leads to serious penalties.
The IRS has been revoking passports for unpaid taxes. You can get your revoked passport back without fully paying your tax debts.
FATCA has confused tax professionals since its inception. The penalties for failing to comply are steep. Learn the basics to avoid penalties.
International estate planning is complex and may lead to tax pitfalls. If you own assets overseas then learn about your potential exposure.
The taxation of a foreign trust depends on whether it’s a grantor or non-grantor trust. Learn the difference and avoid harsh IRS penalties.
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