U.S. citizens can legally renounce citizenship without first filing tax returns, but existing U.S. tax obligations remain. Failure to achieve tax compliance before expatriating may result in covered expatriate status, which carries additional long-term consequences.
Four unspecified countries are claimed to offer passports with visa-free access to Europe, the UK, and the US alongside tax structures that can reduce effective rates to around 1%. Qualification is described as possible without ancestry, large investment, or marriage to a qualifying citizen.
The IRS removed its Delinquent FBAR Submission Procedures webpage on July 1, 2026, without issuing a formal announcement or explanation. The procedure had provided a path for taxpayers to submit late FBAR filings without penalty under certain conditions.
USCIS has opened a new Atlanta Asylum Office to handle affirmative asylum interviews for applicants in Georgia and Alabama. Starting July 8, 2026, applicants under this office's jurisdiction will be scheduled at one of three interview locations.
The U.S. Department of Homeland Security has released a 358-page proposed rule for the EB-5 investor visa program, establishing a $1.4 million investment tier, a two-year capital commitment requirement, and a sanctions enforcement regime for regional centers.
Panama's Qualified Investor Visa is structured around real estate investment, with property ownership serving as the primary qualifying asset. The visa program links residency eligibility directly to purchasing property in the country.
An Argentine court has ruled against President Milei's use of an executive decree to overhaul citizenship rules, though the ruling is case-specific and does not immediately affect the investment program. The constitutional basis of the investment program remains a separate, unresolved question.
Forbes has released a list of the 250 most successful living immigrants in the United States, timed to coincide with the country's 250th anniversary. A Forbes senior editor co-edited the list and discussed the methodology behind its selection.
The Department of Homeland Security has issued a determination expanding its waiver authority to expedite border barrier construction in Texas's Big Bend Sector. The notice amends a February 17, 2026 determination and waives additional legal requirements to facilitate rapid construction activities.