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Should You Give Up Your US Citizenship
If you are a US citizen living abroad, should you give up your citizenship? Attny. John Richardson & I discuss the pros and cons. John Richardson is a Toronto, Canada based lawyer who specializes in assisting US citizens and Green Card holders - who live outside the United States - navigate the issues caused by their US citizenship or US permanent residency. This includes financial planning, how to carry on a business, the tax reality of being a US citizen abroad and ultimately expatriation planning. In a FATCA and FBAR world, US citizenship abroad comes with special responsibilities. He can…
The skinny
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