Expatriation Services

We’ve successfully helped hundreds of clients with to expatriate (ie give up U.S. citizenship) or renounce their Green Cards.

What is required in order for a U.S. citizen to expatriate:

  • You have to have another citizenship
  • You have to have filed last 5 years of filed U.S. tax returns
  • You have to file Form 8854

The length of the project and scope of documents required depend on the pre-existing level of U.S. tax compliance.

Situation 1:
You have not filed U.S. tax returns within the past 5 years or never filed a U.S. tax return.
Situation 2:
You are up to date with tax returns but missing foreign bank account reporting.
Situation 3:
You are up to date with U.S. income tax and financial reporting.
Situation 4:
You are a GC holder and wish to give up your Green Card.

Preparation of 3 years of tax returns + 6 years of FBAR for the Streamlined Offshore Procedure.

Estimated project completion time:
up to 2 months depending on complexity.
Cost:

starting from $1,200 for taxpayers with annual gross income below $100K and up to 5 non-US bank accounts. Additional bank accounts, presence of self-employment income or foreign corporation, foreign trusts or assets level that require additional filing are subject to additional fees.

Preparation of 2 older years of tax returns.

Estimated project completion time:
up to 3 weeks depending on complexity.
Cost

Starting from $560 for taxpayers with annual gross income below $100. Additional fees same as in Step 1.

Preparation of form 8854 and preparation of final dual status return for the year of expatriation.

Estimated project completion time:
up to 1 month depending on complexity.
Cost

Dual status return (1040 & 1040NR) starting from $550. Additional fees same as in Step 1. Cost of form 8854 - $400 for non-covered expatriates (net worth below $2M). Cost of form 8854 for covered expatriates is contingent upon the complexity of foreign assets.

  • The minimal total cost of the entire project $2,710.

Preparation of the delinquent FBAR returns in terms of the Streamlined Offshore Procedure.

Estimated project completion time:
up to 2 weeks depending on complexity.
Cost

starting from $500 for up to 5 foreign bank accounts. Additional bank accounts are charged $10 per account per year.

Preparation of form 8854 and preparation of final dual status return for the year of expatriation.

Estimated project completion time:
up to 1 month depending on complexity.
Cost

Dual status return (1040 & 1040NR) starting from $550. Additional fees same as in Step 1. Cost of form 8854 - $400 for non-covered expatriates (net worth below $2M). Cost of form 8854 for covered expatriates is contingent upon the complexity of foreign assets.

  • The minimal total cost of the entire project $1,450.

Preparation of form 8854 and preparation of final dual status return for the year of expatriation.

Estimated project completion time:
up to 1 month depending on complexity.
Cost

Dual status return (1040 & 1040NR) starting from $550. Additional fees same as in Step 1. Cost of form 8854 - $400 for non-covered expatriates (net worth below $2M). Cost of form 8854 for covered expatriates is contingent upon the complexity of foreign assets and is billed hourly at $200 per hour.

  • The minimal total cost of the entire project $950.

As a GC holder, the above 3 situations are almost exactly the same except for those who are Long Term GC holders (8 or more years). They are less onerous for those that have not held a GC for that long (count from date GC was received until the date form i-407 was filed).

  • If you are not a Long Term GC holder (8 or more years), then you do not need to file form 8854. However, until you file form I-407 you will remain a US person for tax purposes and inch closer to that 8 year threshold.
  • If you are not a Long Term GC holder (less than 8 years), you only need to file 3 years of Tax returns to give up your Green Card (instead of 5 for US citizens seeking to renounce as outlined in the other situations).
Estimated project completion time:
up to 1.5 months depending on complexity.
Cost

starting from $840 for GC holders that have yet to file tax returns and annual gross income below $100K. If you have FBAR requirements and have not filed, we may recommend to file the Streamlined Procedure to shield yourself from FBAR penalties. FBARs are $75 per year (up to 5 accounts). Additional bank accounts, presence of self-employment income or foreign corporation, foreign trusts or assets level that require additional filing are subject to additional fees.

Unlike citizens relinquishing their citizenship, those giving up their GC have the ability to skip filing a dual status return, and choose to file a resident return for the full year. This carries less fees and may be more beneficial for the taxpayer. During our review of your documents we will determine what is the best method for you.


We also work with a qualified U.S. Immigration Attorney who can help you with the immigration aspect of the process (ie consular interviews, etc).

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