Where Form 8854 Refunds 2023-2024

One country has a new exit tax that you should be aware of. I think you're gonna be seeing a lot more of this. I'm gonna tell you how you should be preparing with your Nomad capitalist plan to avoid exit taxes like this one. Music, I'm Andrew Henderson, and one European country has just rolled out a new exit tax that's a little concerning. Poland has come out and said that if you leave Poland or if your business leaves Poland, they're gonna slap you with a tax to penalize you. Now we're gonna see a lot of this coming up in future years, I think, which is why planning now is important. So for U.S. citizens, there's been an exit tax issue for a long time. We have videos on this. If you think that giving up your U.S. citizenship may be something you want to do in the future, there are a few different things, a couple different metrics that you should make sure you haven't hit before you do that. So if you're just starting a business and you're just starting to make money, it's worth getting your infrastructure in place to make sure that you can exit before that tax would apply to you. But what Poland is saying is something a little bit different. For everyone else in the world who's not a U.S. citizen, who has to just leave the country rather than give up their passport in order to change their tax situation, Poland is saying, "Well, if you have any kind of money, we're not gonna let you leave so quickly." This has been increasing in my opinion as more and more digital nomads, more and more global citizens come out of the woodwork. It's kind of like cryptocurrency when two...