The United States is one of the only countries in the world to tax based on citizenship, which means if you’re a US citizen living outside the United States, you still have yearly IRS tax filing obligations. These tax filing obligations can be an expensive annual hassle (even if you owe no tax) and may even result in double taxation. Fortunately, properly renouncing your US citizenship can provide a way out.
Many US citizens have questions regarding renunciation. The process can be complex, and it can be difficult to know whether renouncing your US citizenship is the right financial decision for you and your family. Thankfully, Moodys Gartner Tax Law is presenting a free seminar on June 22, 2019, promising to provide everything you need to know about renouncing your US citizenship.
Topics covered in the seminar include:
- Why do people renounce their US citizenship and how do I know if renouncing is right for me?
- What are the pros and cons of renouncing – do the benefits of citizenship outweigh the costs?
- What happens if I haven’t filed US tax returns and am identified as a US person by my Canadian bank?
- Can renouncing help with the negative consequences of US tax reform legislation?
- Am I or a family member an “Accidental American”?
- I once had a US green card – do I still need to file with the IRS?
- How do I ensure I renounce the right way and avoid pitfalls like the US exit tax or becoming barred from visiting the United States?
- What will be my relationship with the United States be after renouncing?
Click here to register. Moodys Gartner Tax Law has travelled the world presenting free seminars to US citizens living abroad, helping those who wish to sever tax-ties with the US do so in a safe manner that ensures their financial future is well cared for.
Date: Saturday, June 22, 2019
Time: 10 a.m. to 12:30 p.m.
Location: Fairmont Hotel Macdonald (The Wedgwood Room), Edmonton, AB