KPMG report: IRS steps up enforcement of the individual expatriation tax
IRS appears to be sharpening its enforcement efforts for potentially substantial exit tax liabilities
IRS appears to be sharpening its enforcement efforts for potentially substantial exit tax
Each year, several thousand individuals renounce their U.S. citizenship or give up their green cards, which can trigger a substantial exit tax liability.
Read a June 2024 report* prepared by a KPMG LLP tax professional that warns individuals who have expatriated or are considering expatriating that the IRS appears to be sharpening its enforcement efforts for potentially substantial exit tax liabilities.
* This article originally appeared in The Tax Adviser and is provided with permission.
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