Ouch.
So let's say you do pay the. IRS expat financial hostage tax, they consider everything you owned as sold and taxable at the moment of expatriation, but in reality you kept you retirement find money in the same account and you kept your real property (home /land). By paying fill taxes on those assets now to IRS are you free and clear on those assets?
So let's say 5-10 years later you finally liquidate those assets and they appreciated in value by some amount. What does the IRS do then?
You only pay on your gains based on what they are valued at the day prior to your expatriation date. What happens to them afterward is not the concern of the IRS (barring any activities you may have undertaken since expatriation that may once again subject you to US tax law, so don't go getting a green card and moving back)
Ouch. So let's say you do pay the. IRS expat financial hostage tax, they consider everything you owned as sold and taxable at the moment of expatriation, but in reality you kept you retirement find money in the same account and you kept your real property (home /land). By paying fill taxes on those assets now to IRS are you free and clear on those assets?
So let's say 5-10 years later you finally liquidate those assets and they appreciated in value by some amount. What does the IRS do then?
You only pay on your gains based on what they are valued at the day prior to your expatriation date. What happens to them afterward is not the concern of the IRS (barring any activities you may have undertaken since expatriation that may once again subject you to US tax law, so don't go getting a green card and moving back)