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As long as you keep your greencard, you still need to declare your income worldwide. Depending on your home country, having US passport opens up a lot of other
by tehlike 2y ago
As long as you keep your greencard, you still need to declare your income worldwide.
Depending on your home country, having US passport opens up a lot of other possibilities for travel too.
- zahllos 2y agoFurthermore if you have held* a green card for the last 8 (of 15 years) i.e. you hold permanent resident status you also become in-scope for the tax expatriation law that apply to US Citizens, and possible ongoing declaration requirements: https://www.expatriationattorneys.com/green-card-u-s-exit-tax-8-years/ https://www.expatriationattorneys.com/green-card-u-s-exit-ta... I've never been US-resident; the reason I know about this is talking to someone who relinquished theirs when I asked if they could keep it. *from the U.S. Government's point of view.