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June 7, 2016 - Phil Hodgen

A Quick Overview of the Exit Tax

Hi, it’s Phil. I’m going to change up the Expatriation Newsletter for a while. It’s time to write up everything I know about the exit tax. Over the next few months I will be publishing the chapters on a regular schedule.

You can find the updated Chapter 1: A Quick Overview of the Exit Tax here.


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May 24, 2016 - Phil Hodgen

The Dual Citizen Exception to Covered Expatriate Status

Hello everyone. It’s Phil Hodgen, and welcome to Expatriation Only, the email newsletter that I send out every other Tuesday.

If you want to unsubscribe from this list, just click the “unsubscribe” link at the bottom of the email.

Dual Citizen Exception

This week, let’s look at the dual citizen exception to covered expatriate status.

When you renounce your U.S. citizenship, you will be characterized as a “covered expatriate” — or not. It is better to not be a covered expatriate. Covered expatriates will probably pay some tax for the privilege of leaving the U.S. tax system behind them.

There are three reasons why you would be characterized as a “covered expatriate”.... continue reading

May 10, 2016 - Phil Hodgen

Tax Residency Starting, Termination Dates for Green Card Holders

Hey there fellow expatriation aficionados. Phil here with the every-other-Tuesday Expatriation Only newsletter.

You can unsubscribe by clicking the “unsubscribe” link at the bottom of this email.

Simple Facts Meet Dumb Systems

This week is not a strictly an expatriation topic. The person who wrote to me is a newly-minted green card holder who intends to abandon his permanent resident status after 2.5 months in the USA.

He will not be a “long-term resident” and therefore the expatriation rules will not apply to him. What WILL apply to him, however, are the tax return filing rules. In a nutshell, someone with a fleeting presence in the United States faces a requirement to file U.S.... continue reading

May 5, 2016 - Phil Hodgen

That quarterly published of expatriates – an anecdote

The U.S. government publishes a quarterly list of expatriates (by name), presumably for reasons derived from this country’s Puritan roots.  (I kid, I kid!)  

People often wonder if the list is complete.  Well, who knows.  We can all doff our tin-foil hats for a moment and debate whether the list is selectively curated by the bureaucrats who have the job.

What is undeniable, however, is that there is delay.

A report from the field, from someone I know (published with permission):

As a point of interest, as I am sure you know there are many blogs, etc on the net about just who gets published (quarterly) by the Gov after they expatriate.

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April 26, 2016 - Phil Hodgen

IRA Distributions for Noncovered Expatriates

Hello from Phil again, and welcome to this edition of the Expatration Only newsletter.

If you want to stop getting this newsletter (it comes every other Tuesday at 6 am Pacific Standard/Daylight Time), click the Unsubscribe button at the bottom of this newsletter.

IRA Distributions to Noncovered Expatriates

Many people have Individual Retirement Accounts when they expatriate. This time, I will talk about how to handle IRA distributions after expatriation – for noncovered expatriates. The prompt came from reader LC, who emailed me a question. Lightly edited (to hide personally-identifiable facts), this is what LC sent me:

I currently live in [country with no income tax and no income tax treaty with the USA].

... continue reading