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October 25, 2016 - Phil Hodgen

How to be a Resident After You Renounce

Welcome to Expatriation Only, the biweekly newsletter about giving up U.S. citizenship and residence.

Please subscribe to our other newsletters, at

Promoting Our Brand New Newsletter: Supers Only

We have a brand new newsletter: Supers Only. It is a companion to our newest website,, currently in soft launch.

The subject? Australian superannuations – the Australian pension plan.

The audience? We are publishing the newsletter for Americans living and working in Australia, and Australians living in the United States. These two groups have a non-obvious U.S. tax problem, and it needs fixing.

The problem? The U.S.... continue reading

October 11, 2016 - Phil Hodgen

Easy Math for Determining Long-Term Resident Status

Hello and welcome to Expatriation Only, the biweekly newsletter that focuses on people renouncing U.S. citizenship or giving up green cards.

This week’s edition was triggered by a query from a reader, who was unclear about how green card holders figured out whether the exit tax rules applied to them (or not).

The exit tax rules apply to expatriates. Citizens become expatriates by relinquishing U.S. citizenship. Immigrants become expatriates by (1) being immigrants for a long time, then (2) giving up their immigrant visa status.

Immigrants who hold their permanent resident visas (green cards) for long enough to be hit by the exit tax are called long-term residents.... continue reading

September 27, 2016 - Phil Hodgen

When Should You Choose to be a Covered Expatriate?

Hi, it’s Phil. Welcome once again to Expatriation Tuesday, the biweekly newsletter that is all about the tax effects of renouncing U.S. citizenship — or giving up a green card.

This time, let’s talk about why you might want to deliberately be a covered expatriate. For some people, it is a tax-saving strategy.

Success = Basis Step-Up Without Tax

If you do this right, you can, by deliberately being a covered expatriate, harvest some capital gain on your real estate — tax-free. Put another way, you can achieve a step-up in basis of your U.S. assets, tax-free.

Who Should Think About This

The conditions for using this strategy are:

  1. You do not have big IRA balances or foreign pensions;
  2. You have U.S.
... continue reading
September 14, 2016 - Phil Hodgen

This Week: Planning for the Exit

Hello again from Phil and welcome to the biweekly Expatriation Only newsletter. Subscribe to our other newsletters at

This Week: Planning For the Exit

This week’s topic was triggered by an email from reader J., received a few weeks ago. She wanted to know how a 20+ year green card holder should plan for giving up permanent resident visa status and leaving the United States.

Here is a high-level view of our S.O.P. for helping people exit the United States. Bear in mind that each situation is slightly different, so just treat this as a high-level map of the terrain.... continue reading

August 16, 2016 - Phil Hodgen

Installment Agreements and Covered Expatriate Status

Hello again from Phil Hodgen. This is the biweekly Expatriation newsletter, in which we talk about the U.S. tax ramifications of giving up U.S. citizenship or permanent residence status.

If you do not want to get this anymore, just click the “unsubscribe” link at the bottom of the page.

On the other hand, if you would forward this to a friend, I would appreciate it mightily. New subscribers.

By the way. If you have a question for me, just shoot me an email. Hit “reply” and start typing. I am always looking for good newsletter topics.

The Certification Test and Installment Agreements

This newsletter is about the certification test.... continue reading