US Accounting and Tax Services
United States Citizenship Renunciation
Renounce your citizenship the right way.
The United States is one of two countries in the world to tax based on citizenship.
If you’re a United States 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). They may even result in double taxation. Fortunately, properly renouncing your US citizenship can provide a way out and Tax Partners can help!
Is Renouncing Your United States Citizenship Right for You and Your Family?
Renouncing your US citizenship is a very personal decision. If you’ve made a permanent home outside of the US and find the benefits of maintaining US citizenship no longer outweigh the costs, Tax Partners can help. The process of renouncing one’s United States citizenship is complex and can seem overwhelming. If not done correctly, the consequences can include the imposition of the United States Exit Tax, a permanent ban on entering the US and burdening your heirs with the US inheritance tax in life and at your death. Our priority is to help you make an informed and educated decision. One that best suits your situation and your family’s needs.
Our Approach (tax in united states)
Our method involves a unique combination of Domestic and United States tax law, Immigration Law, and Tax Compliance. Our team of US certified public accountants and enrolled agents represented over 100+ US citizens to properly renounce their citizenship. Tax Partners will help you assess if renouncing your US citizenship is right for you. If you decide to renounce, we work with you through every step to make sure the process is as smooth as possible, while avoiding the negative consequences of renouncing the wrong way.
Tax Partners has represented more successful renunciation clients than any accounting and tax firm in Canada. The benefits of renouncing your US citizenship using our professional legal guidance include:
- Renounce the right way
- No restrictions on US travel (not disbarred from the US under the Reed Amendment)
- Proper planning to avoid costly taxes levied on renouncers (avoid the US exit tax and inheritance tax)
- No loss of social security benefits or access to Medicare
- Ease of travel into the US after renouncing as a visitor
- Ability to work in the US after renouncing as a non-US citizen