Comments by "dlukton" (@dlukton) on "How the US Exit Tax Works when Expatriating" video.

  1. Yeah, although quite a lot of people have no federal tax obligation at all; many in fact RECEIVE money from the IRS (e.g., the EITC benefits).
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  2. What about the case of someone who has a net worth of $5 million... and, about a year before renouncing, he takes $4 million of that and puts it in gold and cryptocurrency; and then upon renouncing, he "neglects" to tell the IRS about the gold and cryptocurrency. Of course, in order to buy all that gold and crypto, he'd have to go through the banking system, and the banks would have a record; indeed, the banks might even just inform the IRS at the time of the transaction, because it could be viewed as a "suspicious activity".
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  3. He did one on that already.
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  4. Here's a link to a story about Oleg Tinkov: https://www.justice.gov/usao-ndca/pr/founder-russian-bank-charged-tax-fraud Given that he's a Russian citizen, it would seem that he could just go live in Russia; it seems very unlikely that if the US government asked the Russian government to extradite him, the Russian government would comply.
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