Final-year filings for those renouncing US citizenship or giving up long-term Green Card status, including covered-expatriate / exit-tax analysis.
Giving up US citizenship or long-term Green Card status triggers a final-year filing — Form 8854 — and possibly a 'mark-to-market' exit tax on unrealised gains in your worldwide assets. The covered-expatriate tests are mechanical: net worth above $2m, average tax over a threshold, or compliance gaps in the prior 5 years. Cross any line and the entire portfolio is treated as sold the day before you renounce. Smart sequencing — pre-renunciation gifting, basis step-ups, asset rebalancing — can move you out of covered status before you sign at the embassy.
Each one is a separate service with its own page — click Learn more on any block below to see the full scope, deliverables, and pricing notes.
The final US tax filing when you renounce US citizenship or give up long-term Green Card status.
Renouncing US citizenship.
Learn moreCovered expatriates face a mark-to-market exit tax. We model your position before you renounce.
Mark-to-market exit tax rules.
Learn moreAssess your covered-expatriate risk on net worth, tax history, and the 5-year compliance test — and surface any gaps.
Build a 12-24 month plan to optimise the exit position — including gift sequencing, basis step-ups, and account restructuring.
Prepare the dual-status / final 1040 plus Form 8854 with full asset disclosure and any §877A exit-tax calculations.
Handle US-source income going forward (1040NR if needed), any US-situs estate planning, and final IRS confirmations.
The renunciation appointment was the easy bit. The 18 months of tax planning before it — that's where TaxStone earned their fee ten times over. We exited under the covered-expatriate thresholds.
We can give you a clear covered-expatriate read from a starting set of documents.
Send us a one-paragraph description of your situation and we'll tell you which filings are actually on the hook.
