Protax Consulting Services, Inc. Blog Bidding farewell to US citizenship: Understanding the exit tax

An excellent explanation of the IRC Sec 877 and new Sec. 877A pertaining to Expatriation of both U.S. Citizens and Legal Permanent Residents (Green Card Holders) that are Long Term Residents, who is a covered expatriate, how the exit tax works, the annually indexed exclusion, the carve outs and the completion of Form 8854 Initial The post Bidding farewell to US citizenship: Understanding the exit tax appeared first on Protax Consulting Services.