The fourth quarter 2018 citizenship renunciation numbers have been published by the Office of the Federal Register. What these numbers mean and how they differ from recent trends. Why Do Expats Care About Citizenship Renunciation? Every quarter, the Federal Register publishes an update of American citizens who have renounced their citizenship. Citizenship renunciation is an issue…
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Ten Facts About Tax Expatriation – Part I
Has the passage of ObamaCare with its associated additional 3.8% Obama Care Tax make you feel like leaving the country? Or perhaps you're so sick of liberal Democrats trying to socialize the United States by taxing wealthy people? Or maybe you're a naturalized U.S. citizen or permanent resident who has prospered here, but would now like…
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Increased Surge in Expats has Increased the Need for International Tax Advice
According to International Investment, the number of expats hits a record high of 258 million, this increasing global movement of people is driving significant demand for international tax advice. Quoting the International Organization of Migration, one in every 30 (about 258 million people) were living outside their country of origin in 2017. That is both a record…
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Tax Court Decision May Create Challenges To Deduction Denials for Legal Marijuana Businesses!
According to Law360, a recent U.S. Tax Court decision may open up a new avenue to challenge a tax code provision that prohibits deductions and credits for marijuana businesses, as several court judges said the provision may amount to an unconstitutional excessive penalty. Earlier this month, the Tax Court in an opinion with multiple partial dissents,…
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