Comments Wanted on Tax Issue.The AICPA's Estate Tax Expatriate Expatriate An employee who is a U.S. citizen living and working in a foreign country. Task Force, part of the Tax Division's Trust, Estate, and Gift Tax Technical Resource Panel, is seeking input and feedback from members regarding concerns CPAs and their clients have with existing Internal Revenue Code The Internal Revenue Code is the body of law that codifies all federal tax laws, including income, estate, gift, excise, alcohol, tobacco, and employment taxes. These laws constitute title 26 of the U.S. Code (26 U.S.C.A. § 1 et seq. section 877, Expatriation expatriation, loss of nationality. Such loss is usually, although not necessarily, voluntary. Generally it applies to those persons who have renounced nationality and citizenship in one country to become citizens or subjects of another. According to U.S. to Avoid Tax. E-mail a brief description of your section 877 concerns to Eileen Sherr at esherr@aicpa.org. The task force is compiling a list of concerns and appreciates any input. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion