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Video instructions and help with filling out and completing Fill Form 8854 Amounts

Instructions and Help about Fill Form 8854 Amounts

Expatriation. Has anyone here ever worked with expatriation plans? People are announcing citizenship. Do okay, a couple. So, this is what I was talking about earlier of the dual-status return. That's only for those who are no longer permanent residents or citizens during the year and for those who meet the substantial presence test. You have to still file a full-year resident return, but that's not always true for when you're actually renouncing US citizenship for a green card. Then it's the dates that are announced and it's the 1040 an hour afterwards. So, it's a little different for when you leave for the expatriation and then good it is for a situation. Um, so they're both the party reform, and if it's really important, I see this as an error all the time from returns I supervise that for the dual status, people don't put the dates at the top of the return that the part year is for. And if you don't have the dates in there, obviously your software can't calculate everything, and when you have a dual status and you're ending your residency, a lot of things come through like all your past applause has come through, you know all your depreciation is recalculated. It's like an ending point for that residency, so you have to really make sure you're soft you're working with your software because you can't calculating all that on your own is very tedious. But you also have to know kind of what to expect I think from it a little bit so you can make sure the software is doing it right because as we all know the software doesn't always calculate everything correctly. Sure, we've we've all run into that. Then it's important to put a header on the top...