We are frequently asked about Social Security when a US citizen gives up citizenship. For non-residents of the United States, Social Security will be stopped after six months of absence. Social Security Administration (SSA) will reinstate payments once an individual...
IRS has published the list of forms affected by the early January changes to tax legislation. One of the forms is Form 5471, Information Return of U.S. Persons With Respect to Certain Foreign Corporations which is one of the most common forms filed for United States...
Most of New Zealand is on holiday this week so the last thing they are watching with bated breath is the unfolding developments with the fiscal cliff. That is unless they are US expats with substantial income or investments, residing or holidaying here. The corollary...
If you are thinking about expatriating, beware of taxation under Section 877 and 877A of the Internal Revenue Code – Expatriation to avoid tax, and tax responsibilities of expatriation. Covered expatriates are subject to specific taxing mechanisms under...
