Tax Planning & Advice

Last updated March 23, 2023. It seems that impactful external events may trigger introspection with regard to nationality. For example, the two years with the highest number of US citizenship renunciations ever were 2020 (6,705) and 2016 (5,411). Deciding to renounce US citizenship is a highly personal choice that comes with many life-changing implications. US […]

It’s common for longtime US expats to consider the pros and cons of renouncing US citizenship. The annual filing requirement can take a toll on both nerves and patience, leading many to question why, exactly, they maintain their US citizenship. Contrary to popular belief, however, renouncing is a time-consuming process rife with bureaucratic hurdles. To […]

The IRS wrapped up the Offshore Voluntary Disclosure Program (OVDP) on September 18, 2018. They cited advances in third-party reporting and a growing awareness among U.S. taxpayers about their offshore tax responsibilities as the reasons. As the curtain falls on the OVDP, many Americans are still playing catch-up with their U.S. tax filings. Naturally, folks […]