Initial and Annual Expatriation Statement
In more detail
Form 8854 is the expatriation statement filed when a US citizen renounces or a long-term green card holder abandons status. It certifies five years of US tax compliance and establishes whether you are a covered expatriate — the status that triggers the exit tax, a mark-to-market charge treating worldwide assets as sold on the day before expatriation. Failing to file Form 8854 can itself cause covered-expatriate treatment regardless of the other tests.
Does Form 8854 apply to your situation?
Cross-border tax turns on the detail of your circumstances. Book a consultation and we'll tell you exactly where you stand.