Considerations Before You Renounce Your U.S. Citizenship

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As wealthy U.S. Citizens ponder why they have to pay tax on their world-wide income, they may decide that renunciation of US citizenship looks like an attractive option. It's true- it may be an attractive alternative, but before making such a serious, irrevocable decision, there are considerations to think about. This article guides clients through some information to think about as U.S. citizens consider whether or not renunciation of U.S. citizenship might be for them. This article is written from the perspective of a U.S. immigration attorney rather than from the perspective of a tax attorney.

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