Leaving it all Behind: The Expatriation Tax

While the reasons that individuals seek to forfeit their US citizenship or long-term residency status may be unique to the thousands that choose to expatriate each year, many hope to escape the onerous consequences of our citizenship-based tax system in favor of less green(back) pastures.  But it may be easier said than done as the US tenaciously imposes income, gift and estate taxes on those who attempt to flee.  This course will help practitioners determine who is subject to the exit tax, how it is computed, when it must be reported, and when it must be paid.

• Define the historic evolution that has led to the imposition of the modern-day exit tax
  
• Identify covered expatriates and exempt individuals
• List the requirements to properly expatriate
• Determine the amount of tax that is assessed on those who have renounced their citizenship or relinquished their Green Card
• Recognize that additional taxes may be imposed on gifts and bequests made to US citizen and resident beneficiaries

• Session Duration: 2 Hours
• Case Studies and Live Q&A session with speaker
  
• PowerPoint presentation for reference
• Session learning level: Introductory
  
• Delivery method: Group Internet Based
• IRS Credits: 2 Tax Hours
• IRS Course ID: PJGWS-

Who Will Benefit:

• CPA's
  
• Tax Attorneys
• Accountants
• Tax Compliance Managers
• Other Tax Professionals