Under the Basswood Tree Podcast

US Exit Tax, Covered Expatriates, and Planning Ahead: A Legal and Tax Perspective
Gina Lee and Christopher Klug break down the U.S. Exit Tax and what it means for citizens and long-term green card holders considering expatriation. They walk through the key tests that determine “covered expatriate” status, the mechanics of the mark-to-market regime, and strategies for mitigating unintended tax consequences. Whether you're planning your exit or advising someone who is, this episode offers essential insights on managing high-stakes tax decisions with long-term implications.