Post
Topic
Board Legal
Re: You moved to another nation/give up your citizenship, can the IRS still get you?
by
Anonohmon
on 16/08/2022, 18:05:23 UTC
The US tax system is pretty unique and if you want to avoid paying any taxes in the US after you ‘leave’ you will have to pay an ‘exit tax’ to the IRS.

If you are a citizen of the US, but living/working abroad your income will still be subject to US Income tax laws.
The only way around this is to renounce US citizenship and pay ‘ an exit tax’ !!

https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-about-international-individual-tax-matters

I'm assuming an exit tax is only applicable in the event you actually have money in a bank or some sort of financial institution.