Moving from the United States to Ireland creates a tax position that can be more complicated than many people expect. US citizens generally remain within the US tax system after moving abroad, while becoming liable to Irish tax under Ireland’s rules on tax residency, domicile and income source.

US tax planning when moving to Ireland is the focus of this episode with Stephanie Wickham and US expatriate tax specialist Josh Katz. They explain how state residency, foreign tax credits, filing deadlines and investment rules can affect Americans living in Ireland.

Stephanie and Josh also discuss how US state tax residency can continue to affect Americans after they move to Ireland, estimated US tax payments, and why taking advice before the move can help estimate the Irish liability.

Planning before the move is essential. Selling shares, funds or a US property before becoming Irish tax resident may produce a different result from selling after arrival, particularly where Irish Capital Gains Tax would otherwise apply. Timing can make a real difference, although pre-arrival sales are not automatically appropriate for everyone.

Key Topics in this Episode:

why leaving the US does not automatically end state tax exposure
how foreign tax credits may reduce US tax on income taxed in Ireland
why mid-year moves and mismatched filing deadlines cause practical problems
how estimated US tax payments can affect cash flow after moving
why PFIC rules matter when Americans buy Irish or European funds
when selling investments or property before arrival may be worth considering
how Irish and US tax advisers coordinate cross-border tax returns
when detailed planning is valuable and when the first tax return may be sufficient

About Josh Katz:

Josh Katz is a US CPA and the founder of Universal Tax Professionals. He specialises in US tax compliance and planning for Americans living abroad and works with clients in more than 50 countries.

His work covers annual US tax returns, FBAR reporting, foreign companies, trusts, investments, compliance programmes and cross-border tax planning. He regularly works with Americans living in Ireland, people moving between Ireland and the United States, and taxpayers who have only recently discovered that they should have been filing US returns.

Get in touch with Josh Katz & Universal Tax Professionals:

Website: https://universaltaxprofessionals.com/

LinkedIn: https://www.linkedin.com/in/joshuanathankatz/

Email: info@universaltaxprofessionals.com

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If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify.

Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/book-a-consult/.

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Chapters:

(00:00) Introduction
(00:38) When US Expats May Still Owe Tax
(01:49) US State Tax Residency After Moving Abroad
(03:55) Timing Issues in the First Year in Ireland
(05:47) Quarterly US Tax Payments and Cash Flow
(08:44) Foreign Tax Credits and Treaty Misunderstandings
(11:16) PFIC Rules for Non-US Funds and ETFs
(13:13) Investment Options for Americans in Ireland
(15:06) Tax Planning Before Moving to Ireland
(18:28) Coordinating Irish and US Tax Returns
(19:17) Working with Josh and His US Tax Team
(21:07) Closing Remarks and Tax Disclaimer