Expatriation Tax Planning

Helping Fellow Americans Abroad with Their Tax Liabilities

There are many reasons why people choose to live abroad. Whether the move is a result of a job requirement, a sense of adventure, or other personal reasons, Americans and long-term green card holders are free to choose to lead the rest of their lives in a new place offshore. However, being an American citizen or a green card holder also comes with responsibilities, especially concerning tax laws. Just because you do not live in the U.S. does not mean that you do not have to file U.S. taxes. The law states that Americans living abroad are required to report and pay taxes on their international assets. Because of this statute, American expats opt to renounce their citizenship instead rather than subject to worldwide taxation.

Unfortunately, new tax laws enacted in 2008 have become more complicated and may not make it easier for expats—even those who have already renounced their citizenship—to be exempted from U.S. tax liabilities. The good news is, the U.S. tax code contains provisions that can reduce or even eliminate an expat’s obligation to pay U.S. taxes. This is where our international tax attorneys can help you. At Castro & Co., we can provide you with sophisticated tax planning services and results-driven counsel to ensure that your rights and assets are protected.

We can begin with a free consultation. Call (888) 595-5088 to schedule.

Competent Tax Planning Strategies for Expats

If you or your family is planning to move offshore for a long period of time, make sure to seek the legal services of Castro & Co. to help you with tax planning. Our international tax attorneys are experienced and have helped countless clients with cases similar to yours. We fully explain your legal options and address any of your questions and concerns during our consultation.

Some proven strategies we can use for your case include:

  • Foreign Earned Income Tax Exclusion (FEIE)
  • Voluntary Compliance
  • Foreign Grantor Trusts

We are here to help you understand your rights, educate you on the advantages and disadvantages of expatriating when it comes to tax liabilities as well as help you create an effective tax planning strategy that best suits your specific needs. We also welcome clients who are already living abroad for several years and are now being hounded by the IRS.

To schedule a free initial consultation, reach out to our tax law firms in Washington DC, Miami, Dallas, and Orlando by calling (888) 595-5088.

Testimonials

  • They Can Certainly Deliver

    - North American Society of Tax Advisors

  • Castro & Co Have Helped Many Of Our Clients

    - Israeli Chamber of Commerce in Shanghai

  • Highly Recommend Castro & Co

    - Chinese Manufacturers Association

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Locations

  • Washington DC

    The Bethesda Office Building 1701 Pennsylvania Ave NW, Suite 300 Washington DC, 20006

  • Miami

    The Bank of America Tower 701 Brickell Ave, Suite 1550 Miami FL, 33131

  • Dallas

    The North Galleria Tower 13155 Noel Road, Suite 900 Dallas TX, 75240

  • Orlando

    The North Plaza Tower 121 South Orange Ave, Suite 1500 Orlando, Florida 32801