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Article #1309What is Exit Tax?
From: Hazel Ickes
Date: Tue, 03 Jul 2012 08:31
Date: Tue, 03 Jul 2012 08:31
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1934 bytes
The Heroes Earnings Assistance and Relief Tax Act of 2008 (the HEART Act) and the U.S. Treasury Notice 2009-85 establish the following rules for US expatriates. The law applies to US citizens who expatriate, as well as long-term US permanent residents who give up their green cards, which they have held for 8 of the last 15 years. Both categories are subject to immediate “exit tax” on unrealized gains on all their assets in the US and worldwide, including grantor trusts, as well as on any future gifts or bequests to US citizens and residents, if any. Any US Citizenship Services can give you more information on the tax. http://www.uscitizenship.info/us-citizenship-and-immigration-services-uscis.html
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From: Hazel Ickes <hazel.ickes@gmail.com>
Newsgroups: bc.general
Subject: What is Exit Tax?
Date: Tue, 3 Jul 2012 01:31:43 -0700 (PDT)
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