Expatriation Tax under IRC Section 877

U.S. citizens and permanent residents are subject to US income tax on their worldwide income regardless of where they reside in the world. In order to free oneself from the U.S. income tax, U.S. citizens or permanent residents must expatriate from the U.S. to become nonresident aliens. U.S. expatriates may be subject to the expatriation […]

Read More… from Expatriation Tax under IRC Section 877