Renounce or Retain: The High‑Stakes Tax Choice for Americans Abroad
Update: 2025-10-01
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October 1, 2025 - AI Generated Podcast ...
John Richardson - @Expatriationaw Presentation
"This episode explains the tough decision facing Americans living overseas: keep U.S. citizenship and face lifetime worldwide taxation and compliance, or formally renounce and risk immediate tax, estate, and immigration consequences.
We break down the biggest hazards—the Section 877A exit tax, the "covered expatriate" tests (net worth, five‑year tax compliance, and income threshold), green‑card rules, retirement and Social Security issues, and planning strategies (including the dual‑citizen child exception). Seek expert legal and tax advice before acting."
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