Tag: expatriation

Giving Up U.S. Citizenship – Estate and Gift Tax Traps

By Sanford Millar of MillarLaw A Professional Corporation On Monday, September 14, 2015

It may be a commone misunderstanding that a U.S. citizen or permanent resident (Green Card holder) can give up their citizenship or surrender their Green Card and  then as a non-U.S. taxpayer make gifts or pass their estate to U.S. taxpayers free of estate and gift tax.  The IRS recognized this loophole and has proposed … Continue reading Giving Up U.S. Citizenship – Estate and Gift Tax Traps