Moving Outside of the US: Main Tax Considerations | International Tax Lawyer & Attorney

Good morning and welcome to Sherayzen Law Office video blog. My name is Eugene Sherayzen and I am an international tax attorney and owner of Sherayzen Law Office, Ltd.

Today, I am welcoming you from Santa Monica, California. Yesterday, I had a very interesting conversation and that conversation, gave me an idea of a whole series of vlogs about steps you should be taking if you are thinking about moving to live outside of the United States. When you leave the United States, you need to take into consideration three very important topics:

First: the loss of a new host nation; what will be your new compliance requirements?

Second: you need to take steps to end your current state tax residency; for example if you live in California, you are a tax resident of California. So what are the steps you should be taking to end it? It’s very important because you may find yourself in a very strange situation where your state will still tax your worldwide income even though you don’t live in that state.

Finally, and most importantly, you need to understand the US international tax requirements that will apply to you once you move outside of the United States.

These are the topics I will be exploring in the coming days.

Thank you for watching, until the next time.