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Posted by Andy on June 3, 2006, 10:03 am
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Moderator:
> Harlan, mi amigo, it has been the law for many years. The
> IRS gets him/her if and when he/she returns to the United
> States. While they are waiting, they freeze any assets
> they can find.
Andy writes:
And FYI, the US is one of only 2 or 3 nations that taxes
its citizens on their worldwide income, no matter where they
live, even after they formally renounce their citizenship
and become citizens of another country.
I thought the term was 5 years instead of 10. I suggest
that interested parties check to make sure before taking
action.. I'm going to go and check it again for my own
info.....
Andy in Eureka, Texas
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