That’s only if any one of the following applies:
Your annual tax bill for the past 5 years has been over $139,000
Your net worth in assets is over $2million
You cannot certify that you have met your tax obligation for the 5 years prior to renouncing your citizenship.
This is all the fault of Mark Rich, who absconded to Spain leaving behind a huge tax bill.
It won’t apply to the vast majority of you who want to get out while the getting’s good. Ask me how I know.
How do you know?
Nope.
Not in a public forum.
Don't ask me how I know, either.
Regards,