On September 6, 2019, the IRS announced procedures for certain persons who have relinquished, or intend to relinquish, their United States (U.S.) citizenship and who wish to come into compliance with their U.S. income tax and reporting obligations and avoid being taxed as a “covered expatriate” under section 877A of the U.S. Internal Revenue Code (IRC). There are many questions concerning the manner in which the IRS will administer the New Expat Relief Procedures. We are working to understand how this new program will be administered. We will be adding additional content as we begin to understand this new program offered by the IRS.
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