Renouncing U.S. Citizenship
Standard
$2,600
Ensure full compliance with U.S. tax regulations by taking advantage of our comprehensive FBAR Preparation and Filing Service. With our expert team handling your FBAR filings, you can have peace of mind knowing that every detail is taken care of efficiently and accurately.
- Free Tax Consultations Receive expert advice and guidance on your tax needs.
- 5 Delinquent Tax Returns Complete preparation of your U.S. individual income tax returns for the past five years.
- 6 FBARs Includes all accounts with no additional fees, regardless of the number of accounts per form.
- Form 14653 Streamlined Foreign Offshore Procedures Certification for U.S. Expats, if applicable under the amnesty program.
Who is this for?
U.S. citizens preparing to renounce their citizenship
This package is ideal for U.S. citizens planning to renounce their citizenship and needing to ensure they meet all their tax obligations. It’s specifically designed for those who must catch up on their past five years of tax filings to avoid covered expatriate status. To cease being a U.S. person for tax purposes and avoid covered expatriate status, you must be compliant for the past five years before renunciation.
Our Renunciation Package helps you achieve compliance without penalties if your non-compliance was non-willful. It includes the preparation of five years of tax returns and FBARs, ensuring you meet all requirements for renouncing your U.S. citizenship. We will prepare the package within two weeks of receiving your files, ensuring a swift and efficient process.
Important Information:
After renouncing your U.S. citizenship, you will still be considered a U.S. person for tax purposes until you file Form 8854 with the IRS, which is part of the Final Return you must file the year after you renounce. The Final Return consists of a Dual Status Statement for the time you were still a U.S. citizen and a Dual Status Return for the remaining part of the year, together with Form 8854. Please be aware that due to long waiting times at certain embassies, it may take several months to schedule your renunciation appointment.
After renouncing your U.S. citizenship, you will still be considered a U.S. person for tax purposes until you file Form 8854 with the IRS, which is part of the Final Return you must file the year after you renounce. The Final Return consists of a Dual Status Statement for the time you were still a U.S. citizen and a Dual Status Return for the remaining part of the year, together with Form 8854. Please be aware that due to long waiting times at certain embassies, it may take several months to schedule your renunciation appointment.
Why 1040 Abroad?
Trust the experts
Transparent flat rates
You know exactly what you pay for before we get started. There are no hidden fees or any other surprises on the final bill
20+ years of shared experience
Our experience allows us to handle even the most complex tax situations with accurate and reliable solutions
Security and data encryption
Privacy is the key for us. We use the highest level of encryption that’s on the level as big financial institutions.
Up to date knowledge
In order to give you the best care we can. Our experts obtain contiguous education every year to stay up to date.
Frequently asked questions
Do I need to complete the Renunciation Package before my embassy appointment?
Yes. You must be fully compliant with your U.S. tax obligations before renouncing to avoid covered expatriate status. This includes filing all required tax returns and FBARs for the past five years.
Yes. You must be fully compliant with your U.S. tax obligations before renouncing to avoid covered expatriate status. This includes filing all required tax returns and FBARs for the past five years.
Once we receive all your required documents, we can prepare your package within two weeks, ensuring you’re ready for your renunciation appointment.
What happens after I renounce my citizenship?
You will still be considered a U.S. person for tax purposes until you file your Final Return and Form 8854 the following year. We can assist you with this step as well.
Can I use this package if my non-compliance was accidental?
Yes. If your non-compliance was non-willful, you may qualify to use the Streamlined Foreign Offshore Procedures (Form 14653) to avoid penalties.
How soon should I book my renunciation appointment?
Due to long wait times at some U.S. embassies, we recommend booking your appointment as early as possible — often several months in advance.
