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Expatriation Tax Rules

An Expatriation Tax is a tax a person that renounces their citizenship. In the United States, the Expatriation Tax provisions under Section 877 and Section 877A of the Internal Revenue Code apply to United States citizens who are have been citizens of the United States for a long person of time who have ended residency in the United States for federal tax purposes. Read below where questions regarding expatriation taxes have been answered by the Experts.

If a person is named the "covered" individual; how is the Expatriation Tax Rate calculated? Is it a simple percentage applied to the value of the combined assets; if so what is the tax rate?

The Internal Revenue 877A consists of the income tax on that is gained from property held United States citizens that delete residency in the United States. Some people may feel as though property through the world has been paid sold to other individuals for a cost that this reasonable at the time that the prior owner leaves or when expatriation comes a day before. A net gain of $600,000 is not included in the taxes of expatriating individuals.

If a person has a green card for a long time and has not lived in the United States; Does the person have to pay Expatriate Taxes in case the person abandons the green car?

The Law states that: For long-term residents, per IRC 7701(b)(6), as amended, a long-term resident ceases to be a lawful permanent resident if (A) the individual’s status of having been lawfully accorded the privilege of residing permanently in the United States as an immigrant in accordance with immigration laws has been revoked or has been administratively or judicially determined to have been abandoned, or if (B) the individual (1) commences to be treated as a resident of a foreign country under the provisions of a tax treaty between the United States and the foreign country, (2) does not waive the benefits of the treaty applicable to residents of the foreign country, and (3) notifies the IRS of such treatment on Forms 8833 and 8854.

If a person is a green card holder and has purchased some investment in a foreign country; if the person decides to give up green card and move back to the United States, does the person have to pay any tax to United States Government on Capital Gain?

If a person lives in the United States or does not live here, the person will have to have proof that the person understands the tax laws that are given by the United States before leaving from there. The person will have to get a document that refers to the tax clearance. It is called a “Departure Permit” which can be received from the Internal Revenue Services.

How can a person delete tax liability in the United States if the person moved to another country? Will the person have pay American taxes if they are a dual-citizen of the United States and the Philippines?

A person must terminate their United States citizenship if income taxes are not an option. The framework that is related to references of the Section 877 of the Internal Revenue Code is for people that are citizens of the United States that want to be terminated as citizens of the United States.

There are different forms of taxes to be paid out to the United States Government. The Expatriation Tax is a type of tax that is paid by people that terminate United States citizenship for different reasons. What are the Expatriation Taxes? What are the rules of the Expatriation Taxes? Experts are here to help with concerns dealing with Expatriation Taxes.

Ask a Tax Professional

Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: General
Satisfied Customers: 572
Experience:  10 years experience
16356563
Type Your Tax Question Here...
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Tax Professionals are online & ready to help you now

Wallstreet Esq.
Tax Attorney
Satisfied Customers: 570
10 years experience
Wendy Reed
Enrolled Agent
Satisfied Customers: 3052
15+ years tax preparation and tax advice.
Mark D
Enrolled Agent
Satisfied Customers: 985
MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Recent Expatriation Tax Questions

  • HI I am a green card holder since March 2001. I worked consistently

    HI
    I am a green card holder since March 2001.
    I worked consistently until I fell pregnant in 2008.
    My mother fell ill (cancer) at the same time. I returned to Australia to help her through treatment.
    Since then, I have been flying to and fro Australia more and more. Esp since 2012 when my mother was diagnosed with recurrence of cancer (which was declared terminal and inoperable). For nearly three years, my daughter and I have been here in Australia, flying back to USA every 6 months or so (staying for a couple of weeks) in order to satisfy green card.
    I had not intended to 'abandon' my green card but since my child was born and my mother fell sick, my life has been predominantly here. I now realize, I do not want to go back.
    Facts:
    1. I began to work here from 2011 (paying tax as I earned)
    2. I filed my income tax return here as a resident (as I'd been here more days then in the USA)
    3. The only income I have in the USA is income from renting out my house.
    Q: I would like to file my 1 407 but am unsure what date to put on it as having 'abandoned' my green card.
    1. If I date it as 2011, do I have to file an 8854 and date it as as of 2011 or should I wait til the USCIS give me an 'expatriation date?
    2. Will the exit tax be based on the 5 years prior to 2011 or now?
    3. is the exit tax based on NET worth?
    4. If I have not satisfied my federal tax obligations, how do they calculate my exit tax?
    Thank you
  • I am a dual US/Australian citizen living in NZ and have been

    I am a dual US/Australian citizen living in NZ and have been left an inheritance from my Australian mother of 1000,000 dollars. My father was an American serviceman who took my mother and me to US in 1945 and returned to Australia in 1948 .We went back to America in 1958 till 1961 and then returned to Australia for good,my father dying in 1996. Sometime between 1996 and 2000 my mother went to USA for a period of 6 months we dont know why, but think it might have had something to do with a widows pension.We do not know if she had a green card.Do we owe taxes
  • Hi I have qeustions for an international tax expert.

    Hi I have qeustions for an international tax expert.
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