In their article, Devan Patrick, Lyubo Georgiev, Marie-Thérèse Yates and Elliott H. Murray, discuss the U.S. Tax Court case of Topsnik v. Commissioner. The case appears to be an attempt at double non-taxation and shows that the IRS can obtain and make use of tax information from other countries via a large network that exists.

Continue reading the full story here: U.S. Tax Court Rules on Consequences of Surrendering a Green Card

Posted by Allison Trupp, Associate Editor, Wealth Strategies Journal