International Tax Lunch: Expatriation—The Tax Consequences Of Relinquishing U.S. Citizenship Or Green Card Status Webcast | 4193813A


Date :
January 10, 2020 12:00 PM - 1:00 PM
Location :
Facility :
Webcast Remote
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CPE Credits :
CPE 1.00, MCLE 1.00, IRS-TX 1.00, MCLE LS-TX 1.00
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U.S. citizens and green card holders are taxable on worldwide income. Terminating citizenship or resident status means Uncle Sam can no longer collect tax from them. Predictably, there are tax hurdles to surmount before being free of the U.S. tax system. Receive an introduction to the exit tax rules: who is caught by them? What are the paperwork requirements? Who must pay tax for the privilege of exiting the U.S. tax system?


  • Identify people who can terminate U.S. citizenship or resident status without triggering the exit tax rules.
  • For those who are affected by the exit tax rules, determine whether they must pay income tax when they expatriate.
  • Identify the expatriation process for terminating citizenship or green card status.
  • Know the pre-expatriation planning possibilities that can reduce or eliminate tax liability.  

Major Subjects:

  • Who is a 'covered expatriate?'
  • Pre-expatriation planning to eliminate covered expatriate status.
  • Taxation of inheritances or gifts received from covered expatriates.
  • Form 8854 preparation.
  • Dual status income tax returns for the expatriation year.

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Designed For:

Lawyers and CPAs.


Debra Rudd, CPA

Debra Rudd is a CPA at HodgenLaw PC, a boutique international tax law firm in Pasadena. She has a bachelor’s degree in philosophy from Columbia University and is pursuing a master’s degree in taxation at Golden Gate University.

In addition to managing the firm’s day-to-day operations, she prepares complex tax returns for high net worth individuals and various entities. Focus areas include passive foreign investment companies, controlled foreign corporations, foreign trusts, and foreign investment in U.S. real estate. Russ frequently writes and speaks on various crossborder tax topics for HodgenLaw and CalCPA.

No Agenda or Materials posted.