Ep 22: What Is English For "Covered Expatriate"?
24 lug 2024 ·
7 min. 43 sec.
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Descrizione
If you are a U.S. citizen or a long-time resident (8 of the last 15 years), and you decide to leave the U.S. permanently, you could become a covered expatriate....
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If you are a U.S. citizen or a long-time resident (8 of the last 15 years), and you decide to leave the U.S. permanently, you could become a covered expatriate. You don't want to be a covered expatriate since there is a possibility you may have to pay an exit tax.
In this shortie, we tell you who a covered expatriate is. Three main tests determine whether you are a covered expatriate and the potential implications.
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The speakers' views and opinions discussed in this episode should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.
Be sure to join the conversation by visiting our page The International Money Cafe
Or by following us on social media:-
Follow us on social media:- LinkedIn; Instagram; Twitter (X); Facebook
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In this shortie, we tell you who a covered expatriate is. Three main tests determine whether you are a covered expatriate and the potential implications.
- The income test, the net worth test, and the certification test.
- Being a covered expatriate can have financial implications, such as potential liability for an exit tax and complications with gifts and estate planning.
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The speakers' views and opinions discussed in this episode should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.
Be sure to join the conversation by visiting our page The International Money Cafe
Or by following us on social media:-
Follow us on social media:- LinkedIn; Instagram; Twitter (X); Facebook
Informazioni
| Autore | The International Money Cafe |
| Organizzazione | MANASA NADIG |
| Sito | - |
| Tag |
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