Скачать или смотреть The "Expat" Audit: Why Leaving the US Costs You 23.8% of Your Assets (Section 877A)

You want to renounce your US Citizenship or give up your Green Card. You think you can just hand in your passport and walk away. WRONG. The IRS views your departure as a "Deemed Sale" of every single asset you own worldwide. If you fail any of the 3 tests, you become a "Covered Expatriate" and face a massive tax bill on "Phantom Gains."

As The Finance Observer, I’ve performed a forensic review of Internal Revenue Code Section 877A and the "Net Worth Test." In this video, we dissect the "Exit Tax" calculation, the "Green Card Trap" (why 8 years is the magic number), and the specific "Certification" you must make on Form 8854 to avoid being flagged automatically.

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FORENSIC BREAKDOWN:

0:00 The "Exit Fee": What is the Section 877A Expatriation Tax?

0:45 The "Green Card" Trap: The "8 out of 15 Years" Rule for Long-Term Residents

1:20 Test #1: The Net Worth Test ($2 Million Threshold - Not Inflation Adjusted!)

2:15 Test #2: The Tax Liability Test (Average Annual Tax Bill greater than $201k)

2:00 Test #3: The Compliance Test (5 Years of Perfect Tax Returns)

3:00 The "Deemed Sale": Paying Tax on "Phantom Income" (Assets you didn't sell)

3:35 The Exclusion: The $866k Capital Gains Allowance (2024/2025 numbers)

4:00 The Exceptions: Dual Citizens at Birth & Minors (Strict Rules Apply)

4:40 The "Lynchpin": Form 8854 (Mandatory Filing even if you owe nothing)

5:20 The "Penalty": $10,000 fine + Automatic "Covered Expatriate" Status

5:40 The "Relief" Program: The 2019 IRS Amnesty for Accidental Americans

DISCLAIMER: I am The Finance Observer. This content is for educational purposes only. Expatriation taxation involves complex "Mark-to-Market" calculations; always consult a qualified International Tax Attorney or CPA before renouncing citizenship.