Home -> Form 8854 Instructions - Expatriate Tax Statement - IRS - Green Card Tax Form - Green Card Taxes - Permanent Resident Taxes - Expatriate Tax Statement - Green Card Tax Implications - Tax Deductions - Tax Treaty - Mailing Address Form 8854 - Expatriate Tax Services
Expatriate Taxes - Abandon Green Card Tax Implications - IRS Form 8854 Instructions - Long Term Resident - Green Card Tax Filing - Expatriate Tax Services
Green card holders, are like United States residents for Tax Purposes and have to file United States Tax Return, each year, even if they live and work outside the United States.
The article below covers the tax forms that a Green Card Holder should file each year.
Green Card Taxes - Implications of Green Card Taxes - IRS Green Card Tax Living and Working Outside the United States - Declare World Wide Income - Green Card file United States Tax Return Forms.
In this article we will focus on Expatriate Taxes and Tax Implications of Abandoning the Green Card -Form 8854 Instructions.
All United States Expatriates have to file Form 8854 - Expatriate Tax Statement.
Green Card tax holders, should first determine the numbers of years, they have the Green Card or Permanent Residency. If they have the green card less than 8 years, they need not file Form 8854.
If the Green Card tax holders, hold the Green Card for 8 years or more, they are considered LTR - Long Term Resident for Tax Purposes.
So Long Term Green Card Tax holders, have to file Form 8854, if they meet the following criteria. The same rules apply for United States Citizens who have expatriated (relinquish United States Citizenship)and live and work in another country;
a) Average Income Tax Liability for the past 5 years since the day you abandoned your green card average $120,000
b) Your Net worth is $2 million or more
c) You have not complied on your federal tax obligations for the past 5 years
If you meet any of these cases, as a green card holder, you have to file Form 8854 for each of the 10 years along with Form 1040 or Form 1040NR.
If you fail to file Form 8854 as a Green card tax holder, you are subjected to fines of upto $10,000 per year.
We specialize in green card taxes and abandonment of greencard taxes and can help you file the necessary IRS Green Card Tax Forms.
Due Date to file Form 8854 - Expatriate Tax Statement :
June 15 of each tax year
Where to send the documents or Mailing Address of Expatriate Tax Statement - Form 8854:
Internal Revenue Service
PO Box 331
Drop Point S607-F8854
Bensalem, PA 19020
For detailed information on Expatriate Tax Services - Green Card Taxes - Green Card Tax Implications - Green Card Tax Deductions - Green Card Tax Treaty - Permanent Resident Taxes - IRS Publication 4588 IRS Green Card Tax Guide, visit;
http://www.visataxes.com/Green-Card-Taxes.php
If you have any questions on Green Card Taxes or Permanent Resident Taxes, please Contact Us or post your questions in the Forum.
Form 8854 Instructions - Expatriate Tax Statement - Green Card Tax Form - Green Card Taxes - Permanent Resident Taxes - Expatriate Tax Statement - Green Card Tax Implications - Tax Deductions - Tax Treaty - Mailing Address Form 8854 - Expatriate Tax Services
Expatriate Taxes - Abandon Green Card Tax Implications - IRS Form 8854 Instructions - Long Term Resident - Green Card Tax Filing - Expatriate Tax Services
Green card holders, are like United States residents for Tax Purposes and have to file United States Tax Return, each year, even if they live and work outside the United States.
The article below covers the tax forms that a Green Card Holder should file each year.
Green Card Taxes - Implications of Green Card Taxes - IRS Green Card Tax Living and Working Outside the United States - Declare World Wide Income - Green Card file United States Tax Return Forms.
In this article we will focus on Expatriate Taxes and Tax Implications of Abandoning the Green Card -Form 8854 Instructions.
All United States Expatriates have to file Form 8854 - Expatriate Tax Statement.
Green Card tax holders, should first determine the numbers of years, they have the Green Card or Permanent Residency. If they have the green card less than 8 years, they need not file Form 8854.
If the Green Card tax holders, hold the Green Card for 8 years or more, they are considered LTR - Long Term Resident for Tax Purposes.
So Long Term Green Card Tax holders, have to file Form 8854, if they meet the following criteria. The same rules apply for United States Citizens who have expatriated (relinquish United States Citizenship)and live and work in another country;
a) Average Income Tax Liability for the past 5 years since the day you abandoned your green card average $120,000
b) Your Net worth is $2 million or more
c) You have not complied on your federal tax obligations for the past 5 years
If you meet any of these cases, as a green card holder, you have to file Form 8854 for each of the 10 years along with Form 1040 or Form 1040NR.
If you fail to file Form 8854 as a Green card tax holder, you are subjected to fines of upto $10,000 per year.
We specialize in green card taxes and abandonment of greencard taxes and can help you file the necessary IRS Green Card Tax Forms.
Due Date to file Form 8854 - Expatriate Tax Statement :
June 15 of each tax year
Where to send the documents or Mailing Address of Expatriate Tax Statement - Form 8854:
Internal Revenue Service
PO Box 331
Drop Point S607-F8854
Bensalem, PA 19020
For detailed information on Expatriate Tax Services - Green Card Taxes - Green Card Tax Implications - Green Card Tax Deductions - Green Card Tax Treaty - Permanent Resident Taxes - IRS Publication 4588 IRS Green Card Tax Guide, visit;
http://www.visataxes.com/Green-Card-Taxes.php
If you have any questions on Green Card Taxes or Permanent Resident Taxes, please Contact Us or post your questions in the Forum.