The decision by a U.S. citizen or U.S. long-term lawful permanent resident (so-called “Green Card holder”)  to renounce their citizenship or residence is a big one.  Oftentimes, this decision is made by so-called “accidental Americans” who were born in the United States, but have lived nearly their entire lives outside of the United States and are burdened by the complexity of the U.S. tax system.  We assist U.S. citizens and long-term lawful permanent residents with identifying the various U.S. tax issues involved with expatriating which may include the “exit tax” and “inheritance tax” when renouncing U.S. citizenship or long-term lawful permanent residence status as a so-called “covered expatriate”.  The relevant rules contain various exceptions and complexities which also present planning opportunities for clients.