Citizenship-Based Taxation – Parent & Parent Advisory

Our Defense Against IRS Citizenship-Based Taxation Is Splintered. Then We Lose. Again and Again.

Understanding Citizenship-Based Taxation: A Unique Burden on U.S. Expats Citizenship-based taxation (CBT) is a rare policy framework followed primarily by the United States, which obligates its citizens to pay taxes on worldwide income, regardless of their physical residence. This stands in stark contrast to the residence-based taxation model used by most countries, which ties tax […]

Our Defense Against IRS Citizenship-Based Taxation Is Splintered. Then We Lose. Again and Again. Read More »

Citizenship-Based Taxation: How It Burdens American Expats Overseas

Introduction: Understanding Citizenship-Based Taxation Citizenship-based taxation (CBT) is a unique and far-reaching aspect of the U.S. tax system. Unlike most countries, which adopt a residency-based approach to taxation, the United States mandates that all its citizens, regardless of where they reside, are subject to U.S. tax obligations. This system requires us to report and potentially