New Expatriation Law Affects Certain US Citizens and Residents

New Expatriation Law Affects Certain US Citizens and Residents

Client News

The Heroes Earnings Assistance and Relief Tax Act of 2008 (the "Act") was signed into law on June 17, 2008, marking a dramatic change for those individuals who choose to relinquish US citizenship or terminate status as a long-term US permanent resident. New Internal Revenue Code ยงยง877A and 2801 are effective immediately, affecting certain US citizens who expatriate and certain long-term US residents who terminate US residency on or after June 17, 2008.

Please see our recent Email Alert to learn more.

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