Tax Compliance
US persons have to declare foreign financial assets, foreign income and inheritances and trust distributions from abroad.
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The Tax Ramifications of Becoming a US-Citizen
Becoming a US citizen can have significant positive estate tax consequences: There is no tax levied on assets that pass to a US-citizen spouse. The federal estate tax exemption of a US citizen is currently USD 11.2 million instead of a mere USD 60,000 for non-citizen decedents.
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