Bye America? Tax Implications of Leaving The U.S.

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Description

Bye America? Tax Implications of Leaving The U.S.
IRS Program #: X9QQU-T-01093-23-O
CTEC #: 6257-CE-0259
CE: 1 IRS & 1 CTEC credit
Speaker: Liz Zitzow, EA

This session will discuss the tax rules applicable to those individuals that expatriate from the U.S. In particular, the presentation will analyze the so called “exit tax” imposed by section 877 & 877A, its particulars and the implications of being an expatriate. Finally, the presentation will analyze potential pitfalls and planning opportunities for expatriates.

Learning Objectives:

Understand the rules and tax implications for expatriates.
Identify planning opportunities for expatriates
Complete a Form 8854

Contributors

Liz Zitzow, EA

Liz Zitzow is an Enrolled Agent licensed to practice before the IRS with over 34 years of experience in US taxation and 23 years specializing in British/US tax issues. She is the Managing Director of British American Tax and oversees all aspects of the business, providing personal consultations to clients. She does a lot of Streamline Foreign Offshore Procedures (SFOP) nonfiler cases and occasionally opts for so-called “quiet disclosure” when SFOP won’t work.

Prior to BATax, she worked at US Tax and Financial Services in London as a Senior Tax Manager. Back in the states, she worked at Taxman reviewing the tax returns for about twelve offices to ensure accuracy. She represented their clients every year on audits. She got her feet wet with H&R Block at the very beginning. She loves gardening, travel, and goes to film festivals several times a year. Once upon a time a long time ago she recorded several albums as a singer in the Boston music scene.