Ensuring Tax Clarity for a US Citizen and Business Owner Retiring to Ireland

At Expat Taxes, we were contacted by a US citizen who had built a successful business in the United States and was now planning to retire in Ireland with his wife. With the goal of relocating, they faced uncertainties regarding Irish and US tax rules and their final tax liability in Ireland.

They also required assistance in understanding how their US retirement accounts would be taxed once they started drawing from them while residing in Ireland.

Problem

Our clients’ main priority was to plan for any potential tax costs associated with their move, taking into account the impact of the Irish/US tax treaty and their retirement accounts.
They were worried about the tax implications of their relocation to Ireland, particularly regarding compliance obligations in both countries.

Process

Recognizing the client’s need for comprehensive tax guidance, we initiated a consultation process to understand their unique situation.
To ensure we could provide ongoing support leading up to the relocation, we established a retainer arrangement and through a series of calls and email advisory support, we addressed their concerns — ensuring a clear understanding of the necessary actions to be taken.

Outcome

Expat Taxes proved to be the ideal solution for the client’s situation. With our expertise in international tax matters and knowledge of the Irish/US tax treaty, we were able to provide tailored advice on their tax liabilities. Our US partner adviser provided the US input as required. Expat Taxes addressed the Irish tax issues.
By considering their US retirement accounts, we also helped them understand the tax implications of drawing down these funds while residing in Ireland.
Our ongoing support and tax return assistance offered peace of mind, ensuring compliance with tax regulations throughout their retirement journey.

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Ensuring Tax Clarity for a US Citizen and Business Owner Retiring to Ireland

Problem

Process

Outcome

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Ensuring Tax Clarity for a US Citizen and Business Owner Retiring to Ireland

Problem

Process

Outcome

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Sign up for latest news, insights and offers from Expat Taxes!

Who We Work With

Services and Pricing

Legal

Social

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