Expat Chat Podcast
Expat Chat Episode 187 - Part 2: US Exit Tax Planning
Welcome to Episode 187 of the #ExpatChat podcast. Part 2 of this webinar special, US Exit Tax: Coming Home from the United States series sees Atlas Wealth Managing Director (APAC), James Ridley, joined by Joshua Ashman, CPA and Partner at Expat Tax Professionals, who unpacks the US Exit Tax in detail, one of the most misunderstood risks facing green card holders and US citizens heading home. Josh explains who actually gets caught by the exit tax, including the 8-of-15-year long-term resident rule, and the three tests used to determine "covered expatriate" status: net worth, tax liability, and certification of US tax compliance. He then walks through how the exit tax is calculated, covering capital gains on appreciated property and ordinary tax treatment of pensions and deferred compensation, before presenting two real client case studies showing how careful planning, from pre-exit gifting strategies to treaty positions, helped clients avoid or reduce exit tax exposure entirely. The series concludes with a Q&A. Together, Parts 1 and 2 offer a complete picture of what's involved in coming home from the US, and why getting the sequencing right i.e. before you leave, not after you land, can make all the difference. Relevant Links: • Expat Chat Part 1: US Exit Tax - Coming Home from the United States - https://soundcloud.com/atlaswealthmgmt/expat-chat-episode-186-part-1/s-Xbq2KftzK4S?si=345b27f13b904b9d97ea22013d7ab5f4&utm_source=clipboard&utm_medium=text&utm_campaign=social_sharing • Webinar recording: US Exit Tax - https://youtu.be/DkkflnBUxgk?si=HCdpzuf2H2WrvHjo • Upcoming events and webinars - atlaswealth.com/events/ • Facebook Group – Join the Australian Expat Financial Forum: facebook.com/groups/AustralianExpatFinancialForum • Expat Mortgage Podcast – atlaswealth.com/news-media/austra…-mortgage-podcast • Weekly Recap Podcast – atlaswealth.com/news-media/atlas-…kly-recap-podcast If you enjoy the content, let us know by giving the episode a thumbs up and subscribing. Feel free to share your feedback or questions in the comments below. About Atlas Wealth Group: Atlas Wealth Group was established to meet the growing demand from Australian expats for professional financial guidance. We specialise in providing tax, financial planning, wealth management, and mortgage services to Australian expats around the world. Whether you’re based in Asia, the Middle East, Europe, or the Americas, our team has the expertise to help you manage your global financial journey. To learn more, visit www.atlaswealth.com Connect with us: Facebook: www.facebook.com/atlaswealthmgmt LinkedIn: www.linkedin.com/company/atlas-wealth-management X: www.x.com/atlaswealthmgmt Instagram: www.instagram.com/atlaswealthgroup Youtube: www.youtube.com/atlaswealthmgmt
