For US citizens and long-term green-card holders living abroad, renunciation can be a significant—and irreversible—personal, financial, tax and immigration decision. But when done right, renouncing can save wealth for generations to come. Thousands each year take this big step to stop the stressful and expensive annual US tax filing obligations, while keeping access to benefits like US social security, easing family and inheritance planning where they live, and keep open the ability to travel to or maintain connections with the United States with no issues. But we need to renounce the right way.

In this webinar, Alexander Marino, JD, LLM (US Tax), Director of US Tax Law and leader of the US Tax Practice Group at Moodys Private Client, will provide an accessible overview of the considerations that can arise when an individual is deciding whether—and how—to relinquish US citizenship or terminate long-term US permanent-resident status. Alex has done over 7900+ such expatriation files across 6 continents over 14 years. Largest such practice in the world.

Some of the relevant issues that will be addressed include:

• The common financial, personal and compliance reasons US citizens abroad consider renunciation
• What to do when an individual has not filed US tax returns or foreign-information reports for several years—or ever
• The US tax filing, reporting and expatriation considerations that should be assessed before renouncing
• Exit-tax exposure, including why proper planning and professional advice matter before taking action
• The potential effect of renunciation on US Social Security, other benefits and US-based inheritance planning
• Travel to the United States and the practical nature of an individual’s post-renunciation relationship with the US
• How to identify accidental Americans and people who may have US citizenship without realising it
• Key IRS obligations for current and former green-card holders

We hope you can join us!