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May 15, 2012 - Phil Hodgen

How much “exit tax” will I have to pay?

Generally, if your assets are under $2 million, you will not owe any tax. However, you will still have paperwork to complete.

If your assets are over $2 million, and you do nothing to reduce your tax liability, you will owe tax. However, there may be various ways to reduce your tax hit.

Expatriation