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Expatriation Services

We have successfully helped hundreds of clients to expatriate (ie give up U.S. citizenship).

The following are required in order for a U.S. citizen to expatriate:

  • You have to have another citizenship
  • You have to have filed last 5 years of filed U.S. tax returns
  • You have to file Form 8854

The length of the project and scope of documents required depend on the pre-existing level of U.S. tax compliance.

Situation 1:
You have not filed U.S. tax within past 5 years or never filed U.S. tax return
Situation 2:
You are up to date with prior filing but missing foreign bank account reporting
Situation 3:
You are up to date with U.S. income tax and financial reporting

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

Estimated project completion time:
up to 2 months depending on complexity.
Cost

starting from $1,200 for taxpayers with the annual gross income below $100K and up to 5 foreign 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

Estimated project completion time:
up to 3 weeks depending on complexity
Cost

Starting from $560 for taxpayers with the annual gross income below $100. Additional fees same as in Step 1.

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

Estimated project completion time:
up to 1 month depending on complexity
Cost

Dual status return starting from $550. 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 $2,710.

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

Estimated project completion time:
up to 2 weeks depending on complexity
Cost

starting from $500 for 6 years of FBAR reports covering 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

Estimated project completion time:
up to 1 month depending on complexity
Cost

Dual status return starting from $550. 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 $1,450.

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

Estimated project completion time:
up to 1 month depending on complexity
Cost

Dual status return starting from $550. 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 and is billed hourly at $200 per hour.

The minimal total cost of the entire project $950.

We also work with a qualified U.S. Immigration Attorney who can help you with the immigration aspect of the process (ie consular interviews, etc).