Expatriation & Offshore Disclosure: When a person relinquished their U.S. citizenship or legal permanent resident (“green card”) status, they are considered an expatriate. And, some individuals who give up their U.S. status may be considered a covered expatriate, and subject to an exit tax.
This is especially true when a person is unable to provide 5-years of compliance with U.S. tax and international information reporting forms.
There is a special program for certain former citizens (and soon to be former citizens) who fall below certain threshold requirements.
Learn more about covered expatriate status, form 8854 and the U.S. exit tax.