We tackle the profound and often misunderstood process of renouncing US citizenship, breaking down the legal complexities and significant tax implications. This critical decision impacts not just your relationship with America, but reshapes your entire financial legacy and how your family interacts with the US going forward.

• Renunciation is a two-part process involving both the Department of State (nationality) and the IRS (taxes)
• Must already hold citizenship in another country to avoid becoming stateless
• Requires in-person appearances at US embassies/consulates with a non-refundable fee of $2,350
• Form 8854 certification requires tax compliance for five years prior to renunciation
• "Covered expatriate" status triggered by $2M+ net worth, high income tax liability, or failed certification
• Exit tax treats worldwide assets as if sold the day before expatriation
• 40% inheritance tax applies to gifts from covered expatriates to US persons
• After renouncing, you're treated as any foreign national requiring visas for US entry
• Strategic planning and expert advice essential before beginning the process

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Moving, Working, and Investing for Americans Abroad