Financial Planning, Wealth & Tax Advisory

Taxation of Expatriates

The Heroes Earnings Assistance and Relief Tax Act 0f 2008 (the HEART, or “Heroes” Act), enacted on June 17, 2008, applies new tax rules both to certain U.S. citizens who relinquish their U.S. citizenship and to certain long-term U.S. residents who terminate their U.S. residency.