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AICPA Offers Technical Analysis of Tax Proposals to Catch Tax-Motivated Expatriation

The AICPA Expatriation Tax Task Force submitted comments to Congress and the Department of the Treasury addressing legislative proposals relating to tax provisions intended to deal with expatriation to avoid tax by U.S. citizens who give up their citizenship or long-term U.S. residents who give up their residency. The AICPA suggested ways to eliminate conflicts and inconsistencies between existing laws and the proposals, and discussed how to make the ultimate solution simpler or fairer with respect to similarly situated taxpayers.  

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