U.S. Citizens in Canada InfoShop

2010 Mar # – Packman

Kevin E. Packman / Summer A. LePree
IRS provides some guidance on the new expatriation exit tax
Journal of Taxation 112:3 (Mar 2010) 145-153

Not online.

The Heroes Earnings Assistance and Relief Tax Act of 2008 ended subjection of citizenship renouncers to “an alternate U.S. income tax regime for ten years following the date of expatriation. … It is clear that the U.S. intends to expand the tax base by using all available estate tax inclusion provisions and denying the use of any provisions that otherwise would reduce the tax base.”

Written by usxcanada

1 March 2010 at 6:00 am

Posted in Academic, Uncategorized