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Financial Planning / Tax Strategies
|Subject: Departing the USA: aka Sailing permit /clearance||Date: 2/8/2001 4:03 AM|
|Author: jumpinjupiter||Number: 45943 of 121150|
Has anybody gone through the mechanics of leaving the USA whether it be to to return to your home country or to move on elsewhere?
I am keen to learn what reckonning with the IRS you needed to go through with respect to the following containers of assets:-
1) 401(k) plan
2) ROTH IRA's & EIRA's (retirement and education varieties)
3) brokerage account
4) bank account
5) real estate (especialy if you held on to it for, say, future rental income)
6) any US-based small (or large) business you might have established while living state-side
Are there any complicated steps involved in transitioning from US-person to non US-person with respect to the IRS definitions of a US-person and especially wrt the treatment of your US-based and offshore income?
Note the perspective on this is one of a non-US citizen departing the USA after a period of permanent residency in the USA.
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