How to Renounce Your US Citizenship
The Right Way to Relinquish Yourself from Taxation in the US
The tax season in the US is notorious for giving stress to taxpayers. This stress doesn’t go away even after a US citizen settles abroad as expats are required to file their tax returns. To avoid paying ‘double taxes’, Americans, in large numbers, are voluntarily giving up their US citizenship.
This Special Report ‘How to Renounce Your US Citizenship’ contains the transcript of an episode of the Expat Money Show, hosted by Mikkel Thorup, where an IRS-enrolled agent and CPA, Olivier Wagner, was invited.
The report includes Wagner’s interview where he explains various tax concepts related to US expats. The author of the book, 1040 Abroad, Wagner breaks down the steps through which US expats can comply with US tax requirements. This, however, is not the only takeaway. During the interview, Thorup and Wagner had a detailed conversation on one of the most controversial subjects: how to renounce your US citizenship.
Giving up your citizenship is indeed a bold decision to make. You instantly become ineligible to vote, have access to government protection, etc. A lengthy process, renunciation of citizenship is permanent and you can’t regain your citizenship in case you change your mind.
Sounds surprising? In this special report, you will get a comprehensive guide on how to renounce your US citizenship, why it is done, and what are the things that you have to keep in mind when taking such a big step. The report will also help you find answers to the following questions:
- How long will it take to renounce my US citizenship?
- What are the benefits of renouncing my US citizenship?
- Is it difficult to give up your citizenship?
- Can I renounce my citizenship on my own or do I need a lawyer?
- Why would I want to renounce my US citizenship?
- Can I visit my country after I have given up my citizenship?
- What will happen to my minor children if I give up my US citizenship?
Renouncing your citizenship is not easy, considering the fact that there is no turning back from your decision. But there is no denying that it is a financially sound decision and is crucial for your financial well being.
To have a better understanding of the entire process, purchase this special report, ‘How to Renounce Your US Citizenship’ and read what the tax experts have to say on the issue.