PRESS RELEASE
20 January 2015

Calgary Seminar: Considering Renouncing Your US Citizenship? – February 25, 2014

MP
Moodys Private Client Law LLP

Contributor

Moodys Private Client Law is part of Moodys Private Client and home to a team of Canadian and US lawyers dedicated to simplifying the journey ahead for individuals and businesses. We take pride in seeing every detail, anticipating every obstacle and relying on our global, multidisciplinary expertise to chart the best path forward for your individual situation and ensure success. Focused on the areas of business law, immigration, trust and estate law, and tax law, our goal is to ensure you and your business are covered from every angle.
On July 1, 2014, the US’s Foreign Account Tax Compliance Act went into effect, and as a result it will become increasingly difficult to renounce US citizenship for the “right reasons” and avoid any negative consequences.
Canada

Complimentary seminars presented by:  Roy A Berg JD, LLM (US TAX) and Alexander Marino JD, LLM (US TAX)

Date: Wednesday, February 25, 2015
Time: 4:00 – 6:00 PM
Location: Rotary House, Stampede Park (1701 Big Four Trail SE, Calgary, AB)
Registration: rsvp@moodysgartner.com or 403.693.5100

On July 1, 2014, the US's Foreign Account Tax Compliance Act (FATCA) went into effect, and as a result it will become increasingly difficult to renounce US citizenship for the "right reasons" and avoid any negative consequences. All evidence suggests that now may be the time to consider renouncing US citizenship.

However, renouncing US citizenship comes with many complexities. As a result, it is essential to ensure that renunciation is done properly. If not done correctly, an individual may be subject to the US Exit Tax or barred from ever entering the US again under current law.

On February 25,  Moodys Gartner Tax Law will be presenting a complimentary seminar on the main topics of interest in consideration of renouncing US citizenship:

  • Pros and cons of renouncing US citizenship
  • Avoiding the US Exit Tax
  • How to avoid becoming barred from the US
  • Consequences to renouncing US citizenship if proposed law ultimately passes

Please register by Friday, February 20, 2015. Subject to capacity.

Note: parking is available on the Stampede Grounds for $15. Alternatively, you can take Calgary Transit to the Victoria Park LRT station.

Contributor

Moodys Private Client Law is part of Moodys Private Client and home to a team of Canadian and US lawyers dedicated to simplifying the journey ahead for individuals and businesses. We take pride in seeing every detail, anticipating every obstacle and relying on our global, multidisciplinary expertise to chart the best path forward for your individual situation and ensure success. Focused on the areas of business law, immigration, trust and estate law, and tax law, our goal is to ensure you and your business are covered from every angle.

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