Renouncing US Citizenship and The Exit Tax That Comes With It
ฝัง
- เผยแพร่เมื่อ 5 ก.ค. 2024
- What happens when you renounce your US Citizenship? Have you considered giving up your US citizenship? Our video will go in-depth about what happens when you renounce citizenship, but quickly. when you renounce your U.S. citizenship, it becomes an immigration process with a tax impact. If you qualify for covered expatriate status, you may be subject to paying an exit tax. This is on top of the $2,350 fee the U.S. government charges to relinquish your citizenship and become an expat. These fees and taxes affect thousands of people. In this episode of Taking shelter, Peter Palsen is joined by John Richardson to discuss the U.S. Exit Tax.
Renouncing US Citizenship and the Tax Burden That Comes With It
Check out John’s website at: www.CitizenshipSolutions.ca
Get more information about the topics that affect you!
🌎Website - askfrost.com
💼LinkedIn - / frost-&-associates
📘Facebook - / frosttaxlaw
🐤Twitter - / irstaxissues
Resources:
Nomad Capitalist - • “Can I Get US Citizens...
IRS Relief for Former Certain Citizens - www.irsvideos.gov/Individual/...
About Frost Law:
Frost Law is comprised of skilled tax attorneys, business attorneys, litigation attorneys, estates attorneys, Certified Public Accountants, Certified Financial Planners, and other tax professionals. We have been serving clients across the country and abroad.
We have office locations on the East Coast in Maryland, Virginia, Washington, D.C., Pennsylvania, and Florida and serve clients internationally.
DISCLAIMER: This video is not legal, tax, or financial advice. Talk with a professional about your situation before making any legal or financial decisions.
#FrostLaw #Expatriate #Taxes
I would consider renouncing, not for tax reasons, but for moral reasons: my country, the USA, has killed tens of millions of innocent people since the end of WW2, and made multiples more crippled and homeless. These are people who have never harmed the US, people who live in countries that do not want to be governed by the US. They were Iranians, Guatemalans, Chileans, Vietnamese, Iraqis, Afghans, Cubans, Venezuelans, Nicaraguans, and many others. I am ashamed of what my country has done and is now doing. I am ashamed of my country's meddling in Ukraine and Taiwan. I am almost 90 years old, born in New York City in 1932.
This exit tax is insane.
It's meant to act as a deterrent.
Great content. Thanks.
Thanks so much for watching!
Thank you for making this! The content is helpful and accurate.
Always nice to hear from you - thanks a lot for the kind words!
Excellent video very informative.
Thanks a lot, we're glad it could help!
New Zealand and Australia have some very tough residency standards.
My goodness, I was speechless on this one. This information is golden, thanks very very much.
Thanks a lot for watching. We're glad it helped!
Are you sure?
Bitcoin