A Guide To Relinquishing or Renouncing U.S. Citizenship – RenunciationGuide.com http://www.renunciationguide.com Because, U.S. citizenship is a problem to be solved Sun, 20 Jan 2019 10:41:48 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.1 59942468 RenunciationGuide.com In The News … /2016/08/20/renunciationguide-com-in-the-news/ Sat, 20 Aug 2016 14:43:50 +0000 /?p=295

"They don't want to live in a state of terror…" Why Americans Renounce Their Citizenship https://t.co/otCKDoTDvg via @vice #FATCA #Expat

— A. S. Alexander (@asalexanderdesk) July 19, 2016

 

]]> 295 How to renounce US citizenship in Canada and other countries /2016/07/12/how-to-renounce-us-citizenship-in-canada-and-other-countries/ Tue, 12 Jul 2016 19:14:53 +0000 /?p=283

Online Renunciation Information Session with John Richardson @ExpatriationLaw – 9 Jan 2017 https://t.co/TLOltB5sM2

— Citizenship Lawyer (@ExpatriationLaw) November 28, 2016

The post referenced in the above tweet provides instructions for how to renounce U.S. citizenship in Canada. As Barrie McKenna of the Globe and Mail reports:

 

 

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Renounce US citizenship (relinquishments too) – The Course /2015/09/05/renounce-us-citizenship-relinquishments-too-the-course/ Sat, 05 Sep 2015 19:05:16 +0000 http://renunciationguide.com/?p=207

Relinquish or renounce U.S. citizenship – The course http://t.co/F62iHCvGHP via @ExpatriationLaw

— Citizenship Lawyer (@ExpatriationLaw) September 5, 2015

Click on the link in the above tweet.

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How to come into US Tax Compliance for #Americansabroad – The book @Expatriationlaw /2015/07/02/how-to-come-into-us-tax-compliance-for-americansabroad-the-book-expatriationlaw/ Thu, 02 Jul 2015 22:17:50 +0000 http://renunciationguide.com/?p=200

“Coming Into Tax Compliance Book” – How #Americansabroad can come into US tax compliance in a #FATCA and #FBAR world http://t.co/9fICDtSCcy

— Citizenship Lawyer (@ExpatriationLaw) July 1, 2015

If you want to renounce U.S. citizenship and avoid being a “covered expatriate” you will need to certify five years of U.S. tax compliance. The link in the above tweet goes to the manual.

 

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Articles from John Richardson @Expatriationlaw on renouncing or relinquishing U.S. citizenship /2015/03/17/articles-from-john-richardson-expatriationlaw-on-renouncing-or-relinquishing-u-s-citizenship/ Tue, 17 Mar 2015 19:51:34 +0000 http://renunciationguide.com/?p=183 To read the article, simply click on the link in each tweet.  You may contact John Richardson (the author of this series of articles) about relinquishing U.S. citizenship here.

 

Part 1 – April 1, 2015 – “Facts are stubborn things” – The results of the “Exit Tax

Part 2 – April 2, 2015 – “How could this possibly happen? “Exit Taxes” in a system of residence based taxation vs. Exit Taxes in a system of “citizenship (place of birth) taxation

Part 3 – April 3, 2015 – “The “Exit Tax” affects “covered expatriates” – what is a “covered expatriate“?”

Part 4 – April 4, 2015 – “You are a “covered expatriate” How is the “Exit Tax” actually calculated

Part 5 – April 5, 2015 – “The “Exit Tax” in action – Five actual scenarios with 5 actual completed U.S. tax returns

Part 6 – April 6, 2015 – “Surely, expatriation is NOT worse than death! The two million asset test should be raised to the Estate Tax limitation – approximately five million dollars – It’s Time

Part 7 – April 7, 2015 – “Why 2015 is a good year for many Americans abroad to relinquish U.S. citizenship – It’s the exchange rate

Part 8 – April 8, 2015 – “The U.S. “Exit Tax vs. Canada’s Departure Tax – Understanding the difference between citizenship taxation and residence taxation

Part 9 – April 9, 2015 – “For #Americansabroad: US “citizenship taxation” is “death by a thousand cuts, but the S. 877A Exit Tax is “death by the guillotine”

Part 10 – April 10, 2015 – “The S. 877A Exit Tax and possible relief under the Canada U.S. Tax Treaty

Part 11 – April 11, 2015 – “S. 2801 of the Internal Revenue Code is NOT a S. 877A “Exit Tax”, but a punishment for relinquishment

Part 12 – April 12, 2015 – “The two kinds of U.S. citizenship: Citizenship for “immigration and nationality” and citizenship for “taxation” – Are we taxed because we are citizens or are we citizens because we are taxed?”

Part 13 – April 13, 2015 – “I relinquished U.S. citizenship many years ago. Could I still have U.S. tax citizenship?

Part 14 – April 14, 2015 – “Leaving the U.S. tax system – renounce or relinquish U.S. citizenship, What’s the difference?

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Huge surge of #FATCA news coming out of Canada /2014/01/14/huge-surge-of-fatca-news-coming-out-of-canada/ Tue, 14 Jan 2014 04:47:17 +0000 http://renunciationguide.com/?p=165 Lots of discussion about renouncing U.S. citizenship with hugely conflicting comments;

The negatives of U.S. citizenship:

The positives of U.S. citizenship:

What a roller coaster!

 

 

 

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International Man – How I renounced my citizenship and why /2014/01/10/international-man-how-i-renounced-my-citizenship-and-why/ Fri, 10 Jan 2014 21:38:40 +0000 http://renunciationguide.com/?p=158 Part 1:

The article referenced in the above tweet it here. The “why” is more interesting than the “how”.

The article begins with:

 

Having evolved philosophically in my adulthood to a fairly hardcore libertarian worldview, I had read the writings of people like Doug Casey, which encouraged people even some decades ago to take concrete steps to internationalize themselves. Not just “talk the talk,” but to actually “walk the walk.”

My professional career offered me the chance to travel abroad quite a bit, so it was not too difficult for me to begin taking baby steps to internationalize.

I rented an apartment in one of the Asian cities that I frequently visited. A few years later, I made my first overseas real estate purchase of a small apartment in another Asian city, followed by several more in the next few years.

By this time, I was managing to spend about 2/3 of each year outside the US—you could say that I waded into the pool, rather than just diving in.

The passage of the first of the three recent “exit tax” laws by Congress in 1996 had alerted me to how high-stakes the US government regarded full expatriation to be—and inclined me toward doing so.

I reasoned that if they were that anxious to discourage people from leaving, it might well be time to seriously consider doing so.

Part 2:

This includes:

The increasingly great difficulty (largely due to FATCA, FBAR, and Form 8938 reporting requirements) of trying to lead a normal life while living overseas as a US citizen is—and ought to be—reason enough for many to give up their US citizenship.

 

 

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#Americansabroad in Canada eligible for Canadian citizenship should apply quickly! /2014/01/07/americansabroad-in-canada-eligible-for-canadian-citizenship-should-apply-quickly/ Tue, 07 Jan 2014 22:12:40 +0000 http://renunciationguide.com/?p=152

Harper government plans to make it harder to become a Canadian citizen | rabble.ca http://t.co/IFFs5wUB0a

— Citizenship Lawyer (@ExpatriationLaw) January 7, 2014

Canada has a very large number of resident U.S. citizens. Some of them are Canadian citizens and some not. Those who are NOT Canadian citizens and plan to become Canadian should move quickly. It’s no secret that the attitude of the Government of Canada toward Canadian citizenship is that:

“Canadian citizenship should be harder to get and easier to lose!”

The article referenced in the above tweet is well worth the read. It includes:

Some of the changes being proposed include extending the qualifying period for residence to obtain Canadian Citizenship from the current three years in a four period to a longer time frame. Minister Alexander suggested that it was “time to consider increasing the threshold.”

“I think the balance of considerations is in favour of a longer requirement,” he said. “There’s only one way of truly understanding what it means to be Canadian, what it means to participate in Canadian life and that is by living here.”

The Canadian government has already been cracking down on “alleged fraud” in reported physical presence in Canada for renewals of Permanent Residence Cards and for the granting of Canadian Citizenship. However, Citizenship and Immigration (CIC) is reportedly investigating over 11,000 suspected cases of fraud. Despite investing huge amounts of time and money to date only “twelve (12) people have had their citizenship revoked for fraud, despite more than 3000 investigations.”

Another expected change is the elimination of the automatic grant of Canadian Citizenship for those born in Canada. Reportedly Canada and the United States are the only developed countries in the World that grant citizenship to individuals born on their territory.

For a number of years Conservatives, and other commentators, have been complaining about “birth tourism” or tourists who come to Canada with the purpose of giving birth in Canada so that the child will acquire Canadian Citizenship.

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If #Americansabroad are good for America, why is US forcing Amerians to renounce? /2014/01/06/if-americansabroad-are-good-for-america-why-is-us-forcing-amerians-to-renounce/ Mon, 06 Jan 2014 09:46:02 +0000 http://renunciationguide.com/?p=147

Solomon: The incredibly shrinking American … abroad – VTDigger http://t.co/AwNnIyaxj0#FATCA hurting #Americansabroad

— Citizenship Lawyer (@ExpatriationLaw) January 6, 2014

The consequence of FATCA is that Americans abroad are either renouncing U.S. citizenship or returning to the U.S. This is NOT good for American companies in world markets. Although it makes no sense, the U.S. destruction of U.S. citizenship abroad continues.

The article includes:

Americans abroad are asking: “Is the chaos due to the law of unintended consequences” or is it really the intended consequences of FATCA to bring Americans home (along with their “hidden assets”). Even before FATCA, Americans and American businesses have always been at a competitive disadvantage because the United States is the only country in the world (except for Eritrea) that collects taxes based on citizenship rather than residency. Americans pay taxes both to the host country where they live and work and to the United States.

There is likely to be 7.5 million Americans around the world who are less enthusiastic about their home country policies, which could impact their implicit role as “roving” ambassadors for the United States.

The IRS should pay attention. FATCA implementation seems to be the perfect example of “throwing out the baby with the bathwater.”

A cynic might interpret the message coming from Washington to Americans living and thriving outside of the United States, as follows: “If you like your life and job outside of the United States, you can keep your life and job outside of the United States.” Period.

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@SenTedCruz lucky he is NOT attempting to renounce US citizenship /2014/01/06/sentedcruz-lucky-he-is-not-attempting-to-renounce-us-citizenship/ Mon, 06 Jan 2014 09:11:34 +0000 http://renunciationguide.com/?p=142

Ted Cruz ‘looks forward’ to completing process of renouncing Canadian citizenship http://t.co/obzsBulT35 – Easy to renounce Canadian citizen

— Citizenship Lawyer (@ExpatriationLaw) January 5, 2014

As McGill law professor Allison Christians blogged:

This is interesting because this is all happening during America’s ongoing roundup of every person on the planet who may be a US citizen because they were born in the US or by birthright through their lineage, for the purpose of imposing draconian penalties for failure to file tax returns and asset information reports under the US citizenship-based tax regime. This is the only tax regime in the world that treats lineage alone as a justification to impose worldwide taxation. Ted Cruz’s expressed thoughtlessness about his own dual citizenship, coupled with his breezy intention to simply get rid of the unwanted extra citizenship, beautifully illustrates the major problem with citizenship-based taxation and why no other country on the planet would try to enforce such a system.

The US is right now imposing enormous penalties and unleashing general chaos on people living in other countries with US citizenship, both by newly enforcing long-ignored rules and by layering on top of these rules a new and more draconian layer of enforcement. The chaos comes in the form of fear-inducing, devilishly complicated and duplicative paperwork, and penalties, most of all penalties, and it is being piled on to millions of people around the world, many of whom, like Cruz, are very possibly only beginning to understanding that citizenship status is mostly conferred upon rather than chosen by individuals.

Ted Cruz should consider himself very lucky, because the citizenship he claims he didn’t realize he had doesn’t carry any punishment for his failure to recognize it. Moreover renouncing, if he really intends to follow through on that promise, will be relatively simple, cheap, and painless other than the cost to his US political career, if any.

Not so if he had lived his life in Canada with his current apparent dual status. US citizens abroad now understand that discovering ties to the US means discovering a world of obligations and consequences flowing from citizenship that you were expected to know and obey. Ignorance of the law being no excuse, the punishments range from the merely ridiculous–many times any tax that would have ever been due–to the infuriating: life savings wiped out and many future tax savings sponsored by your home government, such as in education or health savings plans, treated as offshore trusts and therefore confiscated by the US. Moreover there is no ready escape hatch for the newly discovered and unwanted US citizenship: five years of full tax reporting compliance must be documented, appointments must be made with officials, fees must be remitted, interviews must be conducted, and in some cases exit taxes must be paid. If some in Congress get their way, renunciation could even mean life-time banishment from the US someday soon.

In the grand scheme of things Ted Cruz’s citizenship is a non-story. But for what it illustrates about citizenship-based taxation, it could be the story of the century.

 

 

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