Considering renouncing US citizenship? Thinking #citizide? Abandoning your #GreenCard? @Expatriationlaw webinar explaining the S. 877A Exit Tax

The general message … Our next webinar will provide you with a comprehensive overview of the US #ExitTax & all of its implications for US nationals looking to give up their passport. Starring @ExpatriationLaw & coming on Thursday, December 6 at 13:00 GMT. Hope you can make it! https://t.co/robcS2cFBq pic.twitter.com/9CZQaW0ZO3 — taxlinked.net (@Taxlinked) November 14, […]

Why is the United States imposing an “Exit Tax” on the Canadian pensions of Canadian citizens living in Canada?

This post is based on (but is NOT identical to) a July 17, 2017 submission in response to Senator Hatch’s request for Feedback on Tax Reform “Re the impact of the S. 877A “Exit Tax” on those “Americans living abroad” who relinquish U.S. citizenship: Why is the United States imposing an “Exit Tax” on their […]

The teaching of Topsnik 2 – 2016: #Greencard expatriation and the S. 877A "Exit Tax"

What! You want to abandon your Green Card and leave the USA! Reverse Immigration: How IRS Taxes Giving Up Green Cards via @forbes https://t.co/SXFh2uUivs – Leaving the USA? The USA wants YOUR ASSETS! — John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) May 22, 2017 Introduction – Introducing Gerd Topsnik – The World According […]

The "Exit Tax": Dual US/Canada citizen from birth, no Canada citizenship today = no exemption to US "Exit Tax"

Relinquishing US citizenship: South African Apartheid, the Accidental Taxpayer and the exit tax https://t.co/rU39vNoar0 via @ExpatriationLaw — John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) October 13, 2016 The above tweet references a “guest post” written by Dominic Ferszt of Cape Town South Africa. The post demonstrates how the “dual citizen from birth” exemption […]

Relinquishing US citizenship: South African Apartheid, the Accidental Taxpayer and the United States S. 877A exit tax

Introducing this “guest post” This guest post is written by Dominic Ferszt of Cape Town, South Africa. I first became aware of Mr. Ferszt when, in October of 2014, his post: “The Accidental Tax Invasion” was published in Forbes. I have discussed various aspects of “citizenship-based taxation” with him since. I am very pleased that […]

Green Card Holders and #Americansabroad: "Residence", "Long Term Residence" and the S. 877A "Exit Tax"

Tax jurisdiction and residential ties The two types of residential ties considered for all aliens When considering the meaning of “residence” for tax purposes, attempting to ascribe a place of “residence “to an individual, and imposing taxation on individuals, the Internal Revenue Code considers: A. The extent of “residential ties” to the United States; and […]

Tax Haven or Tax Heaven 5: How the 1966 desire to "poach" capital from other nations led to the 2008 S. 877A Exit Tax

Title 26, Subtitle A, Chapter 1, Subchapter N, Part II, Subpart A of the Internal Revenue Code is of great interest.. The text of S. 871 of the Internal Revenue Code is here. The IRS interpretation of S. 871 along with the requirements for when the non-resident alien is required to file a 1040-NR return […]

Clinton Treasury spokesman Les Samuels explains why S. 877A Exit Tax should apply to #Americansabroad

Clinton Treasury Spokesperson Samuels explains why #Americansabroad should be subject to future S. 877A Exit Tax https://t.co/VIYwor9x6f — Citizenship Lawyer (@ExpatriationLaw) April 6, 2016 Transcript: «Those individuals who have retained their U.S. citizenship have, over the years, had the benefit of US… Posted by Republicans Overseas Switzerland on Monday, April 4, 2016

Interview with GordonTLong.com – Citizenship based taxation, PFIC, the S. 877A Exit Tax and #Americansabroad

US "citizenship" taxation, #PFIC, US 877A Exit Tax, #Americansabroad, relinquish US citizenship https://t.co/58P59E0evb @Expatriationlaw — Citizenship Lawyer (@ExpatriationLaw) May 27, 2015 On May 22, 2015 I was interviewed by Gordon T. Long. There is NO way to discuss U.S. “citizenship taxation” (which is primarily “place of birth taxation”) without discussing the S. 877A Exit Tax […]

Part 11 – S. 2801 of the Internal Revenue Code is NOT a S. 877A "Exit Tax", but a punishment for the "sins of the father"

Updated September 12, 2015 – the IRS has issued “proposed rules”  governing the issue of “The sins of the father”. Here the proposed rules from September 9, 2015: IRS Sec. 2801 2015-22574 IRS S. 2801 Guidance 2015-22574   S. 2801 of the US IRC punishes the children of "covered expatriates" for "The sins of the […]