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Covered expatriates are subject to exit tax. For most types of assets, a pretend sale applies, and the covered expatriate must pay tax on gains...

All covered expatriates must pay exit tax. The exit tax is computed differently depending on the type of asset. Over the last two months, I...

The exit tax applies to everything a covered expatriate owns. The method of calculating tax, however, differs depending on the asset involved. For most types...

In the last chapter, I explained how to determine if you are a covered or non-covered expatriate. The major difference between covered and non-covered expatriates...

There are two types of expatriates: covered expatriates, and non-covered expatriates. Covered expatriates must pretend that they sold all their worldwide assets on the day...

Last month, I discussed how long-term residents can become expatriates. Now I will overview the tax paperwork expatriates will need to file. All individuals who...

Last month, I talked about citizens and how they can renounce their US citizenship. This month, I am focusing on another group of people who...

Last month, we covered a general overview of the exit tax, expatriation, and the distinction between covered and non-covered expatriates. We will now focus on...

The term “exit tax” is not used or defined in the Code or regulations anywhere. It is a shorthand to describe the federal law that...

Money cannot flow back to the United States from a Covered Expatriate by gift or inheritance, except with a massive tax cost. Section 1.  How...