Covered expatriates are subject to the exit tax. There are several different ways that the exit tax is implemented. In this presentation, we will review how different types of assets will be taxed upon expatriation and in the aftermath. We will identify assets that create bad tax results or timing problems that lead to high tax rates, and we’ll discuss steps to avoid those problems. We will also review the tax paperwork you can expect to file after expatriation.
* Identify how an individual becomes a covered expatriate
* Learn the four different ways that assets are taxed upon expatriation for covered expatriates
* Identify timing problems and other issues that lead to high tax rates for covered expatriates
* Understand how to prepare so that you can avoid tax timing problems and pay the lowest amount of tax possible.
* Three tests for covered expatriate status
* Four types of exit tax for covered expatriates
* Timing problems
* Tax treaties
* Tax planning
Lawyers and CPAs.