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Can you avoid the Exit Tax prior to expatriating from U.S.

What is the scope of the Exit Tax?
What is the scope of the Exit Tax?
March 26, 2014
Can I abandon green my card for tax purpose
Can I abandon green my card for tax purpose
March 26, 2014
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Can you avoid the Exit Tax prior to expatriating from U.S.

Can you avoid the Exit Tax prior to expatriating from U.S.

Possibly. It is often very difficult to entirely remove oneself from the U.S. tax system, but with proper exit planning the associated tax bite can be avoided or minimized through the use of trusts and asset transfers. Careful exit planning should be undertaken before a green card is turned in or citizenship is renounced.