Guinevere Moore, Bloomberg Tax Daily Tax Report

U.S. Citizens Living Abroad Should Consider Taking Advantage of New Relief Procedures

U.S. Citizens Living Abroad Should Consider Taking Advantage of New Relief Procedures by Guinevere Moore, Bloomberg Tax Daily Tax Report, Insight. Guinevere Moore explores the benefits and guidelines of an IRS program announced on September 6, 2019 regarding new relief procedures available to taxpayers living outside the United States who wish to expatriate. For those who qualify, the terms of the program are quite generous. For those U.S. citizens who live outside the United States and are not in compliance with the IRS, an IRS examination may be on the horizon.