FAQ
What is the exit tax?
An overview of the exit-tax framework, covered-expatriate tests, Form 8854, and why renunciation does not answer the tax question by itself.
The expatriation tax can apply to certain former U.S. citizens and long-term lawful permanent residents who meet the statutory covered-expatriate tests. The analysis can involve net worth, prior-year tax liability, tax compliance certification, deemed-sale rules, deferred compensation, and Form 8854. Citizenship or green-card status, dates, assets, and prior filings must be reviewed together.