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eBook Problem 9-46 (L0.6) Sarah Ulu is single, an attomey, and a U.S. citizen. Sarah's net worth is $5,000,000. Sarah recently attended a seminar where

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eBook Problem 9-46 (L0.6) Sarah Ulu is single, an attomey, and a U.S. citizen. Sarah's net worth is $5,000,000. Sarah recently attended a seminar where she heard that she could give up her U.S. citizenship, move to Bermuda (where she would pay no income tax), and operate a law practice long distance via the Internet with no U.S. tax consequences. Complete the letter informing Sarah of the tax consequences of the proposed actions, SWFT, LLP 5191 Natorp Boulevard Mason, OH 45040 November 8, 2021 Sarah Lu 1005 NE Farwell Street Gainesville, GA 32612 Dear Sarah, You have asked me to address the tax consequences of giving up your U.S. citizenship and moving to Bermuda, where you will continue to operate your law practice via the internet. First, you will be taxed in the United States on all of your U.S.-source Income for years following your abandonment of citizenship if it can be demonstrated that you gave up your citizenship to avoid U.S. taxation. This provision eBook Problem 9-46 (L0.6) Sarah Ulu is single, an attomey, and a U.S. citizen. Sarah's net worth is $5,000,000. Sarah recently attended a seminar where she heard that she could give up her U.S. citizenship, move to Bermuda (where she would pay no income tax), and operate a law practice long distance via the Internet with no U.S. tax consequences. Complete the letter informing Sarah of the tax consequences of the proposed actions, SWFT, LLP 5191 Natorp Boulevard Mason, OH 45040 November 8, 2021 Sarah Lu 1005 NE Farwell Street Gainesville, GA 32612 Dear Sarah, You have asked me to address the tax consequences of giving up your U.S. citizenship and moving to Bermuda, where you will continue to operate your law practice via the internet. First, you will be taxed in the United States on all of your U.S.-source Income for years following your abandonment of citizenship if it can be demonstrated that you gave up your citizenship to avoid U.S. taxation. This provision

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