Tag: U.S. Citizenship
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Trump’s Gold Card: $5 Million for a Path to U.S. Citizenship
WASHINGTON—President Donald Trump sat in the Oval Office on Tuesday, leaned forward, and laid it out plain. A new visa. A new deal. A “gold card” for those who can pay. “They’ll be wealthy and they’ll be successful, and they’ll be spending a lot of money and paying a lot of taxes and employing a…
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Renouncing U.S. Citizenship eBook
DETROIT – JANUARY 19, 2016 – Freeman Tax Law, a tax law firm specialising in overseas financial issues and IRS representation, recently published an eBook for people who are interested in renouncing U.S. citizenship. It includes important information regarding expatriation, including what the obligations are when trying to renounce U.S. citizenship, the penalties for failing…
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Relinquishing Permanent Residency or U.S. Citizenship
The expatriation rules apply to U.S. citizens or long term residents that have a Green Card in eight of the last fifteen years preceding the application for expatriation. The expatriation rules are applicable if the taxpayer meets one of two test. A “covered expatriate” is a taxpayer that meets the Net Worth Test of IRC…