Can Greenback Help Me With the Tax Implications of Renouncing My U.S. Citizenship?

Yes. Renunciation has significant tax implications, and Greenback supports the full process from the U.S. tax side: pre-renunciation planning, the final-year dual-status return, Form 8854 (the expatriation statement), and exit tax calculation under IRC Section 877A for covered expatriates.

What Greenback’s renunciation help typically covers:

• Pre-renunciation planning: Understanding your tax position before making the decision (through a paid consultation starting at $250)
• Form 8854 preparation: Initial and Annual Expatriation Statement, $450 standalone
• Exit tax modeling: If you’re a covered expatriate (net worth ≥ $2 million, average annual income tax above the IRS threshold, or non-compliance certification fails)
• Final-year dual-status return: Combined 1040 and 1040NR for the year you renounce, $875

Renunciation is a major decision with permanent consequences. Greenback handles the U.S. tax compliance side; the State Department handles the citizenship-relinquishment process itself.

For tax-side guidance before you commit, schedule a consultation.