DESKTOP VIEW

Categories

Archive for the ‘Expatriation’ Category.

IRS announces new procedures to enable certain expatriated individuals a way to come into compliance with their U.S. tax and filing obligations

Extra extra read all about it *****September 6, 2019******  The IRS has just released Relief Provisions – IR-2019-151- pertaining to certain US citizen individual (not estates, trusts, corporations, partnerships and other entities…) who have Expatriated (within the defn. of IRC Sec 87...

Click here for more

Retired American Expats With Businesses Abroad Face Costly New Taxes

To pay the Repatriation tax under IRC Sec 965 and annual GILTI tax or to Expatriate under 877A/ 877, the conundrum…. America is one of the only countries in the world which taxes individuals based on citizenship rather than residency. Currently, one third of Americans are living over...

Click here for more

Exiting the U.S. Tax System

A terrific read on the basics of Expatriation IRC Sec 877/ 877A- relinquishment of your US Green Card or Lawful Permanent Residence or US Citizenship, general matters to be aware of some tax planning ideas! The U.S. exit tax In 2008, Congress created a "mark-to-market" exit tax regime th...

Click here for more

Expatriation: Avoid the Exit Tax

A terrific read on what Expatriation is- relinquishment of your US Green Card or Lawful Permanent Residence or US Citizenship, determining if you are a Covered Expatriate, the resulting Exit Tax and the carve puts for Specified Tax-Deferred Accounts, Eligible and Ineligible Deferred Compen...

Click here for more

IRS Reminds Those with Foreign Assets of U.S. Tax Obligations

WASHINGTON — The Internal Revenue Service  today reminded U.S. citizens and resident aliens, including those with dual citizenship who have lived or worked abroad during all or part of 2014, that they may have a U.S. tax liability and a filing requirement in 2015. Most People Abroad Ne...

Click here for more

State Department Raises Citizenship Renunciation Fee 422 Percent, from $450 to $2,350

State Department Raises Citizenship Renunciation Fee 422 Percent  from $450 to $2,350!!" Submitted by jwong on Wed, 01/14/2015 - 14:38 Federal Taxes With the demand of American expatriations showing no signs of slowing, the State Department has raised the fee for expatriation from ...

Click here for more

Record number of US Expats Renounce Citizenship as New Tax Disclosure Laws Take Effect

By Emma Grasby More than 3,000 former U.S citizens chose to renounce their U.S citizenship within the last year, with the dramatic rise being mostly attributable to new tax laws that are set to go into effect this year. The total number of renunciations has soared more than 1000% ...

Click here for more

US Expat Taxes: Giving Up Your US Citizenship

US Expat Taxes: Giving Up Your US Citizenship Introduction: Citizenship and US Expat Taxes Surrendering US Citizenship has become a common topic among expatriates, predominantly due to the increasing responsibility associated with US expat taxes and difficulty in banking.  There has b...

Click here for more

Categories

  • Protax Consulting Services Seven Penn Plaza, Suite 416
    New York, NY 10001
    Tel 212.714.9070
    Fax 212.714.6654
    protax@protaxconsulting.com

    Member and Featured Faculty of:

    American Institute of Certified Public Accountants

    New York State Society of Certified Public Accountants

    NYSSCPA’s 100%
    Membership Program

    Association of International Tax Consultants, U.S. Member

    CCH Wolters Kluwer Faculty

    Lawline Faculty

    Furthered Faculty

    Strafford Faculty

    Clear Law Institute Faculty

    Clear Law Institute Faculty

    Contact Us for U.S.
    International Individual Tax

    wherever you are, .
    wherever you go
    - Download our FREE apps -


    Download the Protax App on the App Store

    Download the Protax App on Google Play

    Member and Featured Faculty of:

    • American Institute of Certified Public Accountants
    • NYSSCPA’s 100% Membership Program
    • Association of International Tax Consultants, U.S. Member
    • Faculty
    • Faculty