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The Cross-Border Advisor Series · Book 5 · In preparation

Americans Living Abroad

A Guide for Wealth Managers and Tax Advisors

A guide for the advisors of U.S. citizens and green card holders who live or retire abroad, or who give up U.S. status. The United States taxes its citizens on their worldwide income and estates wherever they live, and the country of residence taxes them as residents. The book treats the two systems together, with the treaties applied as the rule: income tax and the saving clause, estate and inheritance tax, accounts and investments abroad, retirement income, the U.S. estate plan in the new country of residence, and the exit tax.

In preparation. The publication date will be announced. A publication notice can be requested on this page.
AuthorCaroline E. Ashford, PhD, JD
Publication dateIn preparation
ExtentAbout 350 pages; 11 chapters in six parts
LanguageEnglish
PriceUSD 150
SeriesThe Cross-Border Advisor Series, Book 5 of 6
OrderingOrders are accepted on publication; a publication notice can be requested now
Notify me at publicationContents

Summary

  1. 1.Citizenship-based taxation, the accidental American and citizenship by descent, and the compliance and renunciation procedures.
  2. 2.The income tax of the American abroad: the exclusions, the foreign tax credit, treaty re-sourcing and the saving clause, with the residence tests and the special regimes of the five countries.
  3. 3.The U.S. estate tax of citizens and green card holders living overseas, and the inheritance tax of the host country.
  4. 4.Banking and investing as an American abroad, including local funds and insurance wrappers as PFICs.
  5. 5.Retirement abroad: the pre-departure review, the taxation of U.S. retirement accounts and pensions in the country of residence, Social Security and Medicare.
  6. 6.U.S. revocable and irrevocable trusts after a move abroad, and covered expatriate status with the section 877A exit tax.

Readership

The book is written for wealth managers and tax advisors who serve U.S. citizens and green card holders living or retiring abroad, or giving up U.S. status. The chapters on retirement abroad also cover non-citizens who worked in the United States and retire elsewhere.

Foreign law is treated comparatively for five countries: Germany, France, Switzerland, Italy and the United Kingdom. The applicable tax treaty is treated as the rule rather than the exception.

The book stands alone. Its first chapter, on status, situs, the treaties and the reporting forms, is shared by the six books of the Cross-Border Advisor Series and adapted to the readers of each. Where another book of the series treats a rule in full, this book carries a working summary of the rule or refers to that book by short title and section.

A square with plane trees and cafés in Aix-en-Provence

The Six Parts

Chapter titles as planned; they may change before publication. The book also carries a preface, a page on the companion books, a table of abbreviations, a figures appendix, a bibliography, a table of authorities and an index.

I

Part I. Foundations

1Foundations: Status, Situs, the Treaties and the Reporting Forms

II

Part II. Status and Taxation Abroad

2The Accidental American and Citizenship by Descent: Compliance and Renunciation

3The American Abroad: Worldwide Income Tax, the Saving Clause and Double-Tax Relief, with Special Regimes for New Residents

4Citizens and Green Card Holders Living Overseas: The U.S. Estate Tax and the Host Country’s Inheritance Tax

III

Part III. Accounts and Investments Abroad

5Banking and Investing While American Abroad, Including Local Funds as PFICs

IV

Part IV. Retiring Abroad

6Planning a Retirement Abroad: The Pre-Departure Review

7U.S. Retirement Accounts and Pensions of Holders Living Abroad: The Countries Compared

8Social Security Benefits for Those Living Abroad

9Medicare and Health Coverage for Those Living Abroad

V

Part V. Moving Abroad with a U.S. Estate Plan

10Moving Abroad with a U.S. Estate Plan: Revocable and Irrevocable Trusts in the New Country of Residence

VI

Part VI. Leaving the U.S. Tax System

11Covered Expatriate Status and the Section 877A Exit Tax

Publication Notice

A single notice on publication, with format and ordering details. No other mailings.

Contents, price and publication date may change. The cover shown is provisional.

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The Cross-Border Advisor Series

The Other Books in the Series

Six numbered books for professionals who advise clients with assets, residences, heirs or trusts in more than one country, each published and sold on its own. The series