Considering the EB-5 Visa? The IRC S. 877A Expatriation Tax Demonstrates that "Not All US @TaxResidency Is The Same!"

Considering the EB-5 Visa? The U.S. S. 877A Expatriation Tax Demonstrates that “Not All @TaxResidency Is The Same!” https://t.co/QJnuiKmpQf — John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) May 20, 2018 “Understanding U.S. Tax Residency … The United States uses a form of “deemed tax residency“. The Internal Revenue of the United States deems that […]

On what date does an individual (other than a U.S. citizen) begin or end @USTaxResidency

This is an interesting and important question. This question is always important for determining how the Sec. 877A “Exit Tax” applies to “permanent residents” AKA “Green Card Holders” who with to abandon their permanent residence. There are many other many other reasons why this matters. U.S. tax residency (which is an example of “deemed tax […]

Part 1: South Africa is NOT attempting to compete with USA by challenging the US monopoly on citizenship-based taxation

As goes taxation, so goes civilizations This is Part 1 of my posts discussing the South Africa situation. Part 2 is here. The problem is NOT “worldwide taxation”. The problem is imposing “worldwide taxation” on people who don’t live in… https://t.co/OCThq5Shx9 — John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) September 7, 2017 There […]

The teaching of Topsnik 2 – 2016: #Greencard expatriation and the S. 877A "Exit Tax"

What! You want to abandon your Green Card and leave the USA! Reverse Immigration: How IRS Taxes Giving Up Green Cards via @forbes https://t.co/SXFh2uUivs – Leaving the USA? The USA wants YOUR ASSETS! — John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) May 22, 2017 Introduction – Introducing Gerd Topsnik – The World According […]

Determining Tax Residency In the United States: Citizenship and other forms of deemed tax residence

Introduction The search for second passports and #offshore havens https://t.co/mFWja1CR87 via @FT – how the #CRS and #FATCA have created @TaxHavenUSA — Citizenship Lawyer (@ExpatriationLaw) May 20, 2017 The advent of the OECD Common Reporting Standard (“CRS”) has illuminated the issue of “tax residency” and the desire of people to become “tax residents of  more […]

Part 1: Tax Treaties, determining "tax residence" and new OECD Common Reporting Standard ("CRS")

Canada: Common Reporting Standard legislative proposals here https://t.co/nuwVULQClQ – Report "tax residents" of "reportable jurisdiction" — Citizenship Lawyer (@ExpatriationLaw) August 23, 2016   The above tweet references an article from Stikeman Elliot which includes: For CRS purposes, the term “reportable person” generally refers to a natural person or entity that is resident in a reportable jurisdiction (excluding […]

Taxation of #AmericansAbroad in the 21st Century: "Country of birth" Taxation vs. "Country of Residence" Taxation

Update January 2018: This post has been updated with some new links and discussion. Prologue – The “Story Of The Century 200,000 Saudi US citizens liable to pay taxes | Arab News — Saudi Arabia News, Middle East News: http://t.co/lPmRfQ5gf5 via @Arab_News — John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) November 3, 2014 […]

The proper care and feeding of the Green Card – An interview with "long term resident" Gary @Clueit

Introduction The Internal Revenue Code of the United States imposes worldwide income taxation on ALL individuals who are U.S. citizens or who are otherwise defined as “residents” under the Internal Revenue Code. “Residents” includes those who have a visa for “permanent residence” (commonly referred to as a Green Card). A visa for “permanent residence” is […]

Identity theft in a #FATCA and #CRS World: The Role Of the U.S. Social Security Number

Introduction Interesting thoughts from @VLJeker: Part I: Identity Theft, FATCA Security Risks, Tax Zombies, Phishing and Other Scams – Be Careful Out There…. https://t.co/9mGiBBfPlX — John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) August 8, 2018 Her thoughtful post includes: FATCA Security Risks with Sensitive Data The Foreign Account Tax Compliance Act, commonly called […]

"Non-citizenship" has its privileges: An overlooked reason why a Green Card holder may NOT want to become a U.S. citizen

“Non-citizenship” has its privileges: An overlooked reason why a Green Card holder may NOT want to become a U.S. citizen https://t.co/yzxRjFikhp — John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) July 30, 2018 U.S. Tax Residency – The “Readers Digest” Version Last week I participated in a “panel discussion” titled: “Tax Residency In A World […]