Is Now the Right Time to Renounce Your US Citizenship?
In this webinar, Alexander Marino, JD, LLM (US Tax), Director of US Tax Law and leader of the US Tax Practice Group at Moodys Private Client, will provide an accessible overview of the considerations that can arise when an individual is deciding whether—and how—to relinquish US citizenship or terminate long-term US permanent-resident status.
Speakers
Ashley Murphy, CFP® GFP Fellow, is a tri-citizen of the USA, Australia and the UK. Ashley is the founder and Principal of Arete Wealth Strategists Australia, a fee-only financial planning and investment management firm for Australian/American expatriates in the United States and Australia.
From 2014 - 2017, Ashley taught in the CFP programs at UC Berkeley Extension and Golden Gate University. He served as a Knowledge Circle host for the Financial Planning Association's International and Cross-Border Knowledge Circle (2017 - 2019), and is a regular conference speaker. He holds a Graduate Diploma in Financial Planning in Australia making him one of the few financial advisors qualified in multiple countries. Ashley has been quoted in the Wall Street Journal and profiled in Financial Advisor Magazine.
Ashley lives with his wife Eliza, and daughters Elise & Jasmine in Minneapolis, MN. He enjoys cycling, reading and world travel. He is a futurist with interests in architecture, renewable energy and demographics.
Alex heads the US renunciation practice at Moodys Tax, annually representing hundreds of clients worldwide in properly giving up their US citizenship or terminating their US green card status. He regularly speaks on US renunciation and expatriation in Canada and around the world.
About this webinar
For US citizens and long-term green-card holders living abroad, renunciation can be a significant—and irreversible—personal, financial, tax and immigration decision. It can affect US tax filing obligations, potential exit-tax exposure, access to benefits, family and inheritance planning, and the ability to travel to or maintain connections with the United States.
In this webinar, Alexander Marino, JD, LLM (US Tax), Director of US Tax Law and leader of the US Tax Practice Group at Moodys Private Client, will provide an accessible overview of the considerations that can arise when an individual is deciding whether—and how—to relinquish US citizenship or terminate long-term US permanent-resident status.
Some of the relevant issues that will be addressed include:
- The common financial, personal and compliance reasons US citizens abroad consider renunciation
- What to do when an individual has not filed US tax returns or foreign-information reports for several years—or ever
- The US tax filing, reporting and expatriation considerations that should be assessed before renouncing
- Exit-tax exposure, including why proper planning and professional advice matter before taking action
- The potential effect of renunciation on US Social Security, other benefits and US-based inheritance planning
- Travel to the United States and the practical nature of an individual’s post-renunciation relationship with the US
- How to identify accidental Americans and people who may have US citizenship without realising it
- Key IRS obligations for current and former green-card holders
We hope you can join us!
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