Expatriation with Offshore Disclosure

from
700

Expatriation refers to wanting to “permanently” give up your U.S. status. either as a U.S. citizen or as a U.S. Permanent resident. However, some U.S. Citizens and Permanent Residents who want to expatriate may become subject to what is called a U.S. exit Tax before they are allowed to renounce to their U.S. status.

Not all expatriates are covered expatriates, and not all covered expatriates will owe any exit tax at expatriation. Only a Covered Expatriate is subject to exit tax. So, who is a Covered Expatriate:

There are 3 main ways a person meets the covered expatriate test:

  1. Average Tax Liability Test: Your average annual net income tax liability for the 5 tax years ending before the date of expatriation is more than $168,000 for 2019
  2. Net Worth Test: Your net worth was $2 million or more on the date of your expatriation
  3. 5-Year Tax Compliance: You fail to certify on Form 8854 that you have complied with all federal tax obligations for the 5 tax years preceding the date of your expatriation

When a person seeks to both: get into offshore compliance and expatriate, many different avenues must be explored.

Not following the right procedures, and not counting with expert and cautious explanation and guidance can cause serious you tax consequences – and many of these tax consequences are irreversible.

If you are considering expatriation, and you’re either a US citizen or a U.S. Permanent Resident, then it is important to understand the exit tax implications.

At Sabalier Law, you get a FREE Initial Legal Consultation to CONFIDENTLY discuss your case and circumstances protected by the Attorney- Client Privilege. After our initial consultation, I will be able to provide you the legal guidance you need, correctly file your final tax returns and sort out your U.S. taxes to ensure a successful expatriation process.

Why hire me?
  • FREE 30 Minutes Consultation
  • 100% Online and Safe
  • Personal Lawyer
  • Affordable
  • At Sabalier Law, you count with expert legal representation and guidance throughout your entire process as well as support afterwards
  • 100% online services using the latest in secure technology to effectively and successfully represent you and your case no matter where you reside in the world
  • Confidential communication, document review, and legal advise fully protected by the Attorney- Client privilege
  • Unlimited legal consultations via telephone, video-call, and e-mail
  • Fully Billingual communication, and legal services in English and Spanish
  • Expert legal preparation and expedited submission of your documents
  • Constant updates and communication with you on the status of your case, applications, and documents' reviews
  • Timely notification of changes in the laws and procedures that are relevant for your case
  • Attentive personal support throughout our entire Attorney- Client relationship
  • Guaranteed maximum secure electronic payment platforms to ensure smooth and easy payment methods anywhere you are located in the world
Clients Trust Me
5.00
Reviews 8
See more reviews
Thank you Alexandra for your professionalism and quick response. Without you I would have never figured out what is the next step in my brother’s...
Forna Diphicyl
I had the opportunity to speak with Attorney Sabalier and I am glad that our paths crossed. She is knowledgeable, down to earth, empathetic..just truly...
Daniela Belice
Alexandra Sabalier is a gifted lawyer, very professional and incredibly dedicated to her clients. Highly recommend!
LM Soto
© Copyright Sabalier Law 2020
Made with special  by
orsaorin