Renounce U.S. Citizenship Fee Cut To $450—But Tax Traps Remain

The U.S. Department of State just cut the citizenship renunciation fee from $2,350 to $450, but exit tax rules, Social Security limits, and transfer tax traps still create major consequences. For Americans contemplating expatriation, the change may seem like a major victory. For years, critics argued that the United States imposed the highest administrative fee … Continue reading Renounce U.S. Citizenship Fee Cut To $450—But Tax Traps Remain

Expatriated? But Failed to File Form 8854?  IRS Provides a Fix!

2020 looks promising in more ways than one. First, on a professional level I was delighted and proud to be named, for the 4th year running, to Forbes Top 100 Must Follow Tax Twitter Accounts for 2020. Please do encourage your friends and colleagues to follow me on Twitter and to subscribe to my US … Continue reading Expatriated? But Failed to File Form 8854?  IRS Provides a Fix!