Expatriation Tax Filing Requirements
Channel: Esquire Group
Date: 2021-09-08

With the uncertainty of Biden’s tax plan, many wealthy individuals are looking at expatriation as a viable option. Many have sought advice on the tax and other implications of expatriation, but don’t understand the tax filing requirements associated therewith.
In this video, Founder and CEO of Esquire Group, Jimmy Sexton, LL.M., explains the tax filing requirements associated with expatriation, as well as the post expatriation tax filing requirements.
Tax Forms required:
–Form W-8BEN – Certificate of Foreign Status of Beneficial Owner for United States Tax
Withholding and Reporting.
– Form W-8CE – Notice of Expatriation and Waiver of Treaty Benefits (applies only to “Covered Expatriates” – net worth of $2M or more, net average income tax of $171k or more, or not tax compliant during the 5 years prior to expatriation.)
–Dual-Status Income Tax Return for the year of expatriation.
–Form 8854 – Initial and Annual Expatriation Statement)

00:00 Intro
01:07 Disclaimer
01:29 Form W-8BEN
04:35 Form W-8CE
08:40 Income Tax Return
11:39 Form 8854
14:33 Gift and Estate Taxes
18:11 Contact Info

Jimmy Sexton, LL.M. is the Founder & CEO of Esquire Group. He founded Esquire Group with the objective of helping and inspiring wealthy families, investors, entrepreneurs, and high-level executives obtain and gain control over and protect their wealth, via strategic wealth planning. Jimmy started his career in 2003 and continues to service an elite group of clients. In 2005 he extended services to include tax preparation, which has evolved into Esquire Group’s exclusive Concierge Tax Service. This service is offered to a limited number of clients. 

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Esquire Group is not your typical international tax and wealth advisory firm; we are international business people and global citizens that strive to continue finding ways to provide value to our clients and enhance their lives, giving them peace of mind.

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