Form 8854 - Instructions for initial and annual expatriation statement 

December 6: The IRS posted the 2013 instructions for Form 8854, Initial and Annual Expatriation Statement, which include an update concerning the deferral of tax.

Form 8854 [PDF 166 KB] is used by individuals who have expatriated on or after June 4, 2004. According to the IRS, expatriation tax provisions apply to U.S. citizens who have relinquished their citizenship and long-term residents who have ended their residency (expatriated).

The 2013 instructions [PDF 231 KB] contain a change concerning taxpayers that expatriated in the 2013 tax year and wish to enter into a tax deferral agreement with the IRS with respect to assets subject to the mark-to-market regime of section 877A.

The 2013 instructions refer these taxpayers to Section C—Deferral of Tax, under Part IV—For Persons Who Expatriated During 2013.

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