Nathan Savransky | Savransky Partners

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Tax Implications of Renouncing your US Citizenship

Posted on January 16, 2016 by Nathan SavranskyMarch 31, 2017

By Nathan Savransky, CPA (US) As a result of the increasingly complex FATCA rules, many Americans abroad are considering the option of renouncing their U.S. citizenship in order to avoid being subject to US taxation on their worldwide income. This … Continue reading →

U.S. citizens residing abroad may lose their passport if they owe over $50,000 to the IRS

Posted on January 9, 2016 by Nathan SavranskyJanuary 10, 2016

By Nathan Savransky, CPA (US) Congress has recently enacted a new law allowing the State Department to revoke or deny U.S. passports to delinquent taxpayers. American citizens, including expats living abroad, who owe over $50,000 in unpaid taxes (including penalties … Continue reading →

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Tax Implications of Renouncing your US Citizenship

U.S. citizens residing abroad may lose their passport if they owe over $50,000 to the IRS