We assist U.S. citizens and lawful permanent residents (i.e. "Green Card" holders) to come into compliance with their Federal income tax obligations. Generally the tax compliance obligations include the filing of a Federal income tax return on worldwide income, the disclosure of foreign bank accounts and their maximum balance, and possibly the disclosure of foreign financial assets.
The tax filing requirement applies to all U.S. citizens and lawful permanent residents earning above a certain nominal amount although they neither live nor work in the United States.
Although Federal income tax returns must generally be filed, the application of the Foreign Earned Income Exclusion and the Foreign Tax Credit often results in little or no actual tax being payable.
There are also special procedures established by the Internal Revenue Service ("IRS") to assist taxpayers to become compliant with their obligations under the tax laws. (See the Section on "Tax
Compliance / Streamlined Procedures".)
We also provide legal services to individuals who renounce their U.S. citizenship or who surrender their Green Card ("Expatriation").
Further information about these topics is found on this website. The information provided is only general in nature and specific legal advice must be sought before any action is undertaken.
To protect your legal rights, we further advise to first discuss your situation with an attorney and not with representatives of the IRS.