A covered expatriate triggers the exit tax if their average net income tax exceeds $201,000 over the prior five years, or their net worth equals or exceeds $2,000,000, or they fail to certify five years of tax compliance on Form 8854.
A covered expatriate triggers the exit tax if their average net income tax exceeds $201,000 over the prior five years, or their net worth equals or exceeds $2,000,000, or they fail to certify five years of tax compliance on Form 8854.