Expatriation services

We’ve successfully helped hundreds of clients to expatriate (ie give up U.S. citizenship) or renounce their Green Cards.

What is required in order for a U.S. citizen to expatriate:

CITIZENSHIP

You have to have another citizenship

5 YEARS

You have to have filed last 5 years of filed U.S. tax returns

FORM 8854

Until you file form 8854 (with your final return), you will remain a US tax resident.

Scenario analysis

Preparation of 3 years of tax returns + 6 years of FBAR for the Streamlined Offshore Procedure.

Up to 2 months depending on complexity.
Starting from $1,450 for the Core Package & up to 5 non-US bank accounts. Additional bank accounts, presence of self-employment income or foreign corporation, foreign trusts or assets level that require additional filing are subject to additional fees.

Preparation of 2 older years of tax returns.

Up to 3 weeks depending on complexity.

Starting from $800 for the Core Package. Additional fees same as in Step 1. Dual status return (1040 & 1040NR) starting from $650. Additional fees same as in Step 1.

up to 1 month depending on complexity.

Dual status return (1040 & 1040NR) starting from $650. Additional fees same as in Step 1. Cost of form 8854 – $400 for non-covered expatriates (net worth below $2M). Cost of form 8854 for covered expatriates is contingent upon the complexity of foreign assets.

Preparation of the delinquent FBAR returns in terms of the Streamlined Offshore Procedure.

Up to 2 months depending on complexity.

Starting from $500 for up to 5 foreign bank accounts. Additional bank accounts are charged $10 per account per year.

Preparation of form 8854 and preparation of final dual status return for the year of expatriation.

Up to 1 month depending on complexity.

Dual status return (1040 & 1040NR) starting from $650. Additional fees same as in Step 1. Cost of form 8854 – $400 for non-covered expatriates (net worth below $2M). Cost of form 8854 for covered expatriates is contingent upon the complexity of foreign assets.

The minimal total cost of the entire project $1,550.

Preparation of the delinquent FBAR returns in terms of the Streamlined Offshore Procedure.

Up to 2 months depending on complexity.

Starting from $500 for up to 5 foreign bank accounts. Additional bank accounts are charged $10 per account per year.

Preparation of form 8854 and preparation of final dual status return for the year of expatriation.

Up to 1 month depending on complexity.

Dual status return (1040 & 1040NR) starting from $650. Additional fees same as in Step 1. Cost of form 8854 – $400 for non-covered expatriates (net worth below $2M). Cost of form 8854 for covered expatriates is contingent upon the complexity of foreign assets.

The minimal total cost of the entire project $1,550.

Preparation of the delinquent FBAR returns in terms of the Streamlined Offshore Procedure.

Up to 2 months depending on complexity.

Starting from $500 for up to 5 foreign bank accounts. Additional bank accounts are charged $10 per account per year.

Preparation of form 8854 and preparation of final dual status return for the year of expatriation.

Up to 1 month depending on complexity.

Dual status return (1040 & 1040NR) starting from $650. Additional fees same as in Step 1. Cost of form 8854 – $400 for non-covered expatriates (net worth below $2M). Cost of form 8854 for covered expatriates is contingent upon the complexity of foreign assets.

The minimal total cost of the entire project $1,550.