Renuciation clarification

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carlo
Posts: 22
Joined: Fri Apr 13, 2007 6:19 pm

Renuciation clarification

Post by carlo »

A point of clarification please ... if a US citizen renounces American citizenship but is below the threshold for the "exit tax" are there any further complications with tax-deferred accounts like RRSPs, pensions, or Section 1291 PFICs (for which "excess distributions" treatment applies when sold)? Or does the renunciation eliminate any further IRS claim on such accounts?
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