Saying Goodbye To Uncle Sam: Expatriation - U.S. Citizens And Green Card Holders Living in Canada

The United States has had income tax expatriation rules for many years, which may apply taxes when individuals give up their U.S. citizenship, or properly surrender their green cards. The rules are a bit like the taxes that can apply to Canadians moving out of Canada as far as a deemed disposition of assets is concerned. Giving up U.S. citizenship alone does not necessarily mean that taxes will apply, or that you necessarily will be exempted from continued U.S. tax filing obligations....