O'Sullivan Estate Lawyers LLP
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April 2015 Archives

So You Don't Want to Be a U.S. Citizen?

Statistics tell us that the number of U.S. citizens who expatriated from, or renounced, their U.S. citizenship has risen dramatically in the past few years. A big part of this rise has to do with increasingly onerous U.S. income tax filing and reporting obligations, combined with scrutiny of foreign accounts under the U.S. Foreign Account Tax Compliance Act (FATCA) reporting requirements. Matters are not expected to get better any time soon. Personal circumstances and attitudes will play the deciding role in choosing to expatriate--not everyone who lives abroad and finds U.S. tax reporting onerous and expensive will want to do so.

We are a top-ranked and peer recognized firm, including Margaret O’Sullivan by Chambers Canada High Net Worth 2018 as one of the top six private client lawyers in Canada

  • Best Lawyers Award Badge
  • Best Lawyers Award Badge
  • Canadian Legal Lexpert Directory
  • Top Ranked HNW Chambers 2018 Margaret O'Sullivan
  • Recognised in WHO'S WHO LEGAL | WWL
  • Recognised in WHO'S WHO LEGAL | WWL | Canada 2017
  • Top Ranked Canada Chambers 2017 Margaret O'Sullivan
  • The Law Reviews | Expert Panel 2015
  • Step | Canada | Advising Families Across Generations
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