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#8
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| On Jan 24, 1:29*pm, "removeps-gro...[at]yahoo.com" <removeps- gro...[at]yahoo.com> wrote: - quote - > On Jan 23, 10:56*am, HudRiv <ysmry...[at]gmail.com> wrote: > > I am a green card holder living in my own country. I have bank > > accounts here and the total balance is more than $10,000. The > > instruction on the form says that the United States Person has to file > > this form. Then, it also says that the term "United States person" > > means (1) a citizen or resident of the United States,... I wonder if > > "residents of the United States" includes green card holders living > > out side of the U.S. Your advice is appreciated. Thank you very much. > Yes, you have to file. *Be aware that your green expires one year > after you have been out of the country, though you can fill in a form > and have it expire after 2 years. It is more complicated than that. You cease to be a permanent resident immediately if you leave the US with the intention of living abroad permanently. Even after a year he may get a returning resident visa if he demonstrates that he has not abandoned his residence in the US. In the worst case, he would have a chance before an immigration judge if tried to return to the US after an absence of more than a year. It is certainly not something for a tax adviser to decide. The Treasury will happily consider him a US resident if it is more advantageous to them. -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#7
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| On Jan 23, 1:56 pm, HudRiv <ysmry...[at]gmail.com> wrote: - quote - > I am a green card holder living in my own country. I have bank
green card=us resident> accounts here and the total balance is more than $10,000. The > instruction on the form says that the United States Person has to file > this form. Then, it also says that the term "United States person" > means (1) a citizen or resident of the United States,... I wonder if > "residents of the United States" includes green card holders living > out side of the U.S. Your advice is appreciated. Thank you very much. > -- <<< Benjamin Yazersky, CPA [NJ & NY] > > -----> real address on hobokeni or hobokenx <----- "This written advice was not intended or written to be used, and it cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer." (The foregoing legend has been affixed pursuant to U.S. Treasury Regulations governing tax practice.) The information transmitted is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited. If you received this in error, please contact the sender and delete the material from any computer. -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#6
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| On Jan 23, 10:56*am, HudRiv <ysmry...[at]gmail.com> wrote: - quote - > I am a green card holder living in my own country. I have bank
Yes, you have to file. Be aware that your green expires one year> accounts here and the total balance is more than $10,000. The > instruction on the form says that the United States Person has to file > this form. Then, it also says that the term "United States person" > means (1) a citizen or resident of the United States,... I wonder if > "residents of the United States" includes green card holders living > out side of the U.S. Your advice is appreciated. Thank you very much. after you have been out of the country, though you can fill in a form and have it expire after 2 years. -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#5
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| Alan wrote: - quote - > Gil Faver wrote:
Holders. http://www.irs.gov/pub/irs-pdf/p4588.pdf> > "Alan" <sfcnm-mtm[at]yahoo.com> wrote in message > > news:nYPlj.207$Ej5.144[at]newssvr29.news.prodigy.net... > > > PeterL wrote: > > > > On Jan 23, 12:29 pm, Alan <sfcnm-...[at]yahoo.com> wrote: > > > > > HudRiv wrote: > > > > > > I am a green card holder living in my own country. I have bank > > > > > > accounts here and the total balance is more than $10,000. The > > > > > > instruction on the form says that the United States Person has to > > > > > > file > > > > > > this form. Then, it also says that the term "United States person" > > > > > > means (1) a citizen or resident of the United States,... I wonder if > > > > > > "residents of the United States" includes green card holders living > > > > > > out side of the U.S. Your advice is appreciated. Thank you very much. > > > > > Until such time that you formally surrender your lawful permanent > > > > > residency of the U.S., you are a resident alien of the U.S. and > > > > > you must abide by U.S. tax law as it relates to U.S. citizens and > > > > > residents. > > > > > > > > > > > So what does the law says about a green card holder who does not live > > > > in the US and has no income from US sources? (Except I am guessing > > > > minor interests from the bank account.) > > > > > > Us citizens and US resident aliens are taxed on their worldwide > > > income regardless of source or where in the world they reside. If > > > one's income is high enough to meet the filing requirement for one's > > > filing status, a tax return has to be filed. This is true even if > > > all their income was excludable as foreign earned income. > > > > is a holder of a green card, who is living not in the U.S. but in his > > home country, a "US resident alien"? > See my original reply to the OP in this thread. In addition, here is > what the US Embassy in just about every country has on their website: > If you have a U.S. green card, you are a lawful permanent resident of > the U.S. even if you live abroad. This means you are treated as a U.S. > resident for U.S. income tax purposes and you are subject to U.S. tax on > your worldwide income from whatever source derived. Accordingly, you > must file a U.S. tax return unless (1) there has been a final > administrative or judicial determination that your lawful permanent > resident status has been revoked or abandoned, (2) your gross income > from worldwide sources is less than the amounts that require a tax > return to be filed, or (3) your U.S. residence status is affected by an > income tax treaty. I should have added: See IRS Pub 4588, Tax Guide for Green Card -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#4
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| Gil Faver wrote: - quote - > "Alan" <sfcnm-mtm[at]yahoo.com> wrote in message
is what the US Embassy in just about every country has on their> news:nYPlj.207$Ej5.144[at]newssvr29.news.prodigy.net... > > PeterL wrote: > > > On Jan 23, 12:29 pm, Alan <sfcnm-...[at]yahoo.com> wrote: > > > > HudRiv wrote: > > > > > I am a green card holder living in my own country. I have bank > > > > > accounts here and the total balance is more than $10,000. The > > > > > instruction on the form says that the United States Person has to file > > > > > this form. Then, it also says that the term "United States person" > > > > > means (1) a citizen or resident of the United States,... I wonder if > > > > > "residents of the United States" includes green card holders living > > > > > out side of the U.S. Your advice is appreciated. Thank you very much. > > > > Until such time that you formally surrender your lawful permanent > > > > residency of the U.S., you are a resident alien of the U.S. and > > > > you must abide by U.S. tax law as it relates to U.S. citizens and > > > > residents. > > > > > > > > So what does the law says about a green card holder who does not live > > > in the US and has no income from US sources? (Except I am guessing > > > minor interests from the bank account.) > > > > Us citizens and US resident aliens are taxed on their worldwide income > > regardless of source or where in the world they reside. If one's income is > > high enough to meet the filing requirement for one's filing status, a tax > > return has to be filed. This is true even if all their income was > > excludable as foreign earned income. > is a holder of a green card, who is living not in the U.S. but in his home > country, a "US resident alien"? See my original reply to the OP in this thread. In addition, here website: If you have a U.S. green card, you are a lawful permanent resident of the U.S. even if you live abroad. This means you are treated as a U.S. resident for U.S. income tax purposes and you are subject to U.S. tax on your worldwide income from whatever source derived. Accordingly, you must file a U.S. tax return unless (1) there has been a final administrative or judicial determination that your lawful permanent resident status has been revoked or abandoned, (2) your gross income from worldwide sources is less than the amounts that require a tax return to be filed, or (3) your U.S. residence status is affected by an income tax treaty. -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#3
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| "Alan" <sfcnm-mtm[at]yahoo.com> wrote in message news:nYPlj.207$Ej5.144[at]newssvr29.news.prodigy.net... - quote - > PeterL wrote: > > On Jan 23, 12:29 pm, Alan <sfcnm-...[at]yahoo.com> wrote: > > > HudRiv wrote: > > > > I am a green card holder living in my own country. I have bank > > > > accounts here and the total balance is more than $10,000. The > > > > instruction on the form says that the United States Person has to file > > > > this form. Then, it also says that the term "United States person" > > > > means (1) a citizen or resident of the United States,... I wonder if > > > > "residents of the United States" includes green card holders living > > > > out side of the U.S. Your advice is appreciated. Thank you very much. > > > Until such time that you formally surrender your lawful permanent > > > residency of the U.S., you are a resident alien of the U.S. and > > > you must abide by U.S. tax law as it relates to U.S. citizens and > > > residents. > > > > > > So what does the law says about a green card holder who does not live > > in the US and has no income from US sources? (Except I am guessing > > minor interests from the bank account.) > > Us citizens and US resident aliens are taxed on their worldwide income > regardless of source or where in the world they reside. If one's income is > high enough to meet the filing requirement for one's filing status, a tax > return has to be filed. This is true even if all their income was > excludable as foreign earned income. is a holder of a green card, who is living not in the U.S. but in his home country, a "US resident alien"? -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#2
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| PeterL wrote: - quote - > On Jan 23, 12:29 pm, Alan <sfcnm-...[at]yahoo.com> wrote:
income regardless of source or where in the world they reside.> > HudRiv wrote: > > > I am a green card holder living in my own country. I have bank > > > accounts here and the total balance is more than $10,000. The > > > instruction on the form says that the United States Person has to file > > > this form. Then, it also says that the term "United States person" > > > means (1) a citizen or resident of the United States,... I wonder if > > > "residents of the United States" includes green card holders living > > > out side of the U.S. Your advice is appreciated. Thank you very much. > > Until such time that you formally surrender your lawful permanent > > residency of the U.S., you are a resident alien of the U.S. and > > you must abide by U.S. tax law as it relates to U.S. citizens and > > residents. > > So what does the law says about a green card holder who does not live > in the US and has no income from US sources? (Except I am guessing > minor interests from the bank account.) Us citizens and US resident aliens are taxed on their worldwide If one's income is high enough to meet the filing requirement for one's filing status, a tax return has to be filed. This is true even if all their income was excludable as foreign earned income. -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#1
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| On Jan 23, 12:29*pm, Alan <sfcnm-...[at]yahoo.com> wrote: - quote - > HudRiv wrote: > > I am a green card holder living in my own country. I have bank > > accounts here and the total balance is more than $10,000. The > > instruction on the form says that the United States Person has to file > > this form. Then, it also says that the term "United States person" > > means (1) a citizen or resident of the United States,... I wonder if > > "residents of the United States" includes green card holders living > > out side of the U.S. Your advice is appreciated. Thank you very much. > Until such time that you formally surrender your lawful permanent > residency of the U.S., you are a resident alien of the U.S. and > you must abide by U.S. tax law as it relates to U.S. citizens and > residents. So what does the law says about a green card holder who does not live in the US and has no income from US sources? (Except I am guessing minor interests from the bank account.) -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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| HudRiv wrote: - quote - > I am a green card holder living in my own country. I have bank
residency of the U.S., you are a resident alien of the U.S. and> accounts here and the total balance is more than $10,000. The > instruction on the form says that the United States Person has to file > this form. Then, it also says that the term "United States person" > means (1) a citizen or resident of the United States,... I wonder if > "residents of the United States" includes green card holders living > out side of the U.S. Your advice is appreciated. Thank you very much. Until such time that you formally surrender your lawful permanent you must abide by U.S. tax law as it relates to U.S. citizens and residents. -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#-1
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| I am a green card holder living in my own country. I have bank accounts here and the total balance is more than $10,000. The instruction on the form says that the United States Person has to file this form. Then, it also says that the term "United States person" means (1) a citizen or resident of the United States,... I wonder if "residents of the United States" includes green card holders living out side of the U.S. Your advice is appreciated. Thank you very much. -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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