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Special EU & EURO Warning – December 14, 2011Offshore Jurisdiction Comparison 
Guatemala CorporationGuatemala Bank AccountAnonymous Master Card and VisaHigh Limit Anonymous Offshore Visa & MasterCardAndorra Private Banking Swiss Forex and CFD Trading AccountFOREX and FUTURES Bank Account for BrokersForex Professional Broker Trading Accounts Offshore High Risk Merchant Accounts
Second Passports and Citizenships – Read this First PleaseWhy You Should Use USPensionado/Poor Man's Second PassportPoor Man's Second PassportSecond Passport and Second Citizenship ProgramsGuide to Economic Citizenship Passport ProgramsGetting Out of Dodge – May 18, 2012Getting Out of Dodge – May 14, 2012Getting Out of Dodge – May 11, 2012Getting Out of Dodge – May 9, 2012Getting Out of Dodge – May 7, 2012Getting Out of Dodge – May 2, 2012Getting Out of Dodge – Apr 26, 2012Getting Out of Dodge – Apr 25, 2012Getting Out of Dodge – Apr 23, 2012Getting Out of Dodge – Apr 12, 2012Fall of the American Empire – Update October 22, 2011Fall of the American Empire – Update October 15, 2011Fall of the American Empire – Update October 13, 2011Fall of the American Empire – Update October 12, 2011Fall of the American Empire – Update October 4, 2011Fall of the American Empire – Update September 26, 2011Update on the Panama USA Tax Treaty – Dec. 1, 2010Panama and USA to Sign Tax Treaty for Exchange of Tax InformationRead This Before Considering Panama as a Offshore JurisdictionPanama Ending Anonymous Bearer SharesPrivate Offshore Panama Bank AccountHow to Get a Non– Freezable Bank AccountPanama Virtual Office for Panama Bank DepositsPanama Real Estate Purchaser Legal RepresentationMolotov Cocktail Riots in GreeceIraq Dinar Revaluation – Exercise CautionReduce Legal Bills – Outsource Legal Work to IndiaDon't Travel With Your Gold CoinsSingapore Caves in to OECD Tax TreatiesGoing Off the US DollarOECD Tax Treaty Compliance FailingImportant Banking News Alert – Bank Reference LettersWhat Do You Want To Protect?Private Offshore Panama Bank AccountPanama Virtual Office for Panama Bank DepositsImportant Banking News Alert – Bank Reference LettersReal Estate Asset ProtectionPanama Real Estate Purchaser Legal RepresentationAnonymous No-Name Debit ATM CardThe OECD and the Tax HavensAnonymous Visa Cards (New May 2009)Asset Protection – Gold, Silver, USD, Euro, Yen, Swiss FrancNevis OverviewNevis Economy, Currency Exchange Controls, and Economic LegislationNevis Government and Legal SystemObama Muslims and Women's RightsAmazing Obama Birther Case Hits Supreme Court – 10/5/10Retired Three Star General Pushes Against Birth Certificate Free ObamaObama Wants Your Pension/Retirement MoneyObama and His AgendaElena KaganRetired US General Calls for Resignation of Obama - NowObama Kenya Birth Certificate Pops UpEU Times Online Publishes an Expose on Obama IneligibilityArizona Stands Against ObamaKenyan Government Official Cites Obama as Being KenyanLatest Obama Rumors – Columbia UniversityIs Obama a Muslim?The Farce of the G–20Obama Muslim StampObama and CommunismObama Scary TruthsObama Kenya Birth Certificate ObtainedObama Hidden Tax IncreaseThe Obama Not Qualified CaseObama Birth Certificate FraudObama Playing Golf with UBS America President Robert WolfAsset Protection in the USAWhat Will You Do if the FDIC Fails?Municipal Bonds – The House Built on Sand CollapsingDead Birds and Fish – Is this Bible Prophecy?Student Loan BubbleObama and this Once Great NationAlex Jones Calls the FBI Walmart Hotline to Report Terrorists (Government Officials)Mexico Trying to Cut Back on US Dollar UsageLet's Talk Broke States and Welfare FraudStory of A Police Department Falling ApartPolice Layoffs Ripping Through the USASen Michael Bennet Forget to Close Mic, calls Senate Vote RiggedTake Money Out of Banks to Collapse their SystemReal IRA Threatens to Blow Up London Bankers and BanksFrench Taking Money out of the Banks on December 7, 2010Anti-Austerity Protest Demonstration Spread Throughout EuropeEU Gives Americans Rights to Access All EU Bank AccountsBritish Expats Returning To UKUK Cracks Down on Six Million Tax ExilesFrance Obtains Stolen Bank Data From SwitzerlandEvery 30 Seconds Thugs Attack Someone in UKBritish Police Raid 6,717 Safe Deposit BoxesItalian Police Raid 76 Branches of Swiss BanksNetherlands Closing Prisons due to a Lack of PrisonersUK Parliament Member Verbally Attacks UK Prime Minister Brown (Brutal)EU Civil Unrest Starting!UBS Swiss Bank Closing Accounts of AmericansTranslate this page into...
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Executive Summary – Not very many people expatriate. Their names are published publicly each quarter. Below is the link that has the name for those expatriating during the third quarter of 2009. There were approximately 120 such people who did file for expatriation in the third quarter of 2009. If we multiply that by four we get about 500 people a year. This is low when one considers hundreds of thousands of expatriates leave the USA every year, some say the numbers are in the millions. Some may go back to visit many never return.
The link to see the names of those expatriating is here:
http://www.thefederalregister.com/d.p/2009-11-19-E9-27751
Expatriates Returning Home – A common question is whether or not an expatriate can return back to the USA after they expatriate. To file expatriation one must show the USA their new passport from another country so the USA 100% has a trail from the old you to the new you. Will they let you return for visits? Hard to say. We think overwhelming no.
If you can obtain a passport allowing visa free travel into the USA then the chances of being allowed in as a tourist would be higher especially if one tried to do a land crossing from Canada or Mexico. The point to consider is the USA doesn’t want to let people expatriate and then start spending time in the USA as if nothing changed except now they do not pay taxes.
Many years ago one did not have to pay any exit tax to the USA and they did not impute tax return obligations on the expatriate for ten years. All one needed to do was ask for expatriation in a simple direct manner. We had a client who did this and then got a passport allowing for visa free travel in and out of the USA. He said he had no trouble going in and out on business. But he was under an older program and that was when everyone was trying to get into the USA not out, so the USA did not concern itself with expatriation. If they opened up such a program today I expect there would soon be an 18-month waiting list of people applying to cancel their citizenships and leave with no need to file any tax returns anymore.
Can The USA Turn Down Your Expatriation – Yes they can. They will audit your old tax returns and may say you owe them more money. They can dispute the expatriation tax figure you arrived at and ask for more money. If you do not pay them what they unilaterally ask for then they deny the application for expatriation and one could assume begin vigorous collection action on any moneys they think you owe them.
Do Other Countries Tax People Who Wish To Renounce Their Citizenship – None that we know of.
Can You Convince the USA to Cancel Your Citizenship – There are provisions in the law for this but we just never see them do it. The last remaining asset the USA has is the taxpaying citizen.
Do You Think This Will Change Anytime Soon – We think the USA will any day now impose exit visa restrictions on those wishing to leave the USA. They may not let you go if they think you do not have sufficient roots to cause you to return. Expatriation will just be on the books and not worth anything. To expatriate you need a second citizenship. If you cannot leave how can you get a second citizenship. Those fortunate enough to already have a second citizenship could still try to expatriate.
What About Second Citizenships and Passports – We think the USA will forbid the acquisition of second citizenships and passports any day now. Those that have them will be grandfathered in providing you advise them of the second citizenships. This of course will enable them to track you effectively, which many people specifically are trying to avoid.
What Do We Suggest – We suggest leaving while it is still possible. Any way you leave is up to you but leave while you still can.
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*Offshore Legal Associates Law Firm.We have no legal ties or associations with any other law firm or corporation with similar or like sounding names anywhere and should not be so confused with any other entity having a similar or like sounding name.
