Quote:
Originally Posted by shmike
Your Google is strong.
Since it's not 1994 anymore, Google: Heroes Act of 2008.
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Which really doesn't do anything, for those who have already renounced their citizenship, and merely provides a 10 year taxation extension for those who do. Off they go, to live in The Bahamas. Many of these folks are playing the long game, not the 'let's save some tax THIS year' game.
http://www.taxmeless.com/USCitizenRenounce.htm