Abandoning Green Card
Has anybody experience in giving up the LPR status after leaving the US for work and residency in another country/homecountry? I come from a low tax country and wonder whether Uncle Sam will send a final tax bill or penalty fee or even make it difficult/impossible for me to abandon the GC once I will leave the US again. This is crucial for me to apply for the GC.

like
Posting as :
works at
You are currently posting as works at

If you have been a PR for 8 years or above then there is an exit tax similar to that of renouncing citizenship. A quick Google search will give you much better insight than what you find here.

Are they strict about the eight years? Ie if i remain for less than seven years I’m safe?

Related Posts

Anyone have a good tax person in Philly

like

Any idea what will be criteria for PDM to start green card process?

I've been allocating 100% of my Roth IRA funds to Vanguards target retirement fund 20XX. Should I keep doing this or do I need to start getting into VTI/VOO/VTSAX as everyone in this bowl is so fond of?

like

What percentage of your income do you save, invest and spend?

like

How do you invest and save for your children? I’m thinking about setting them up with custodial brokerage accounts but don’t want them to have a heyday at 18. Did you create irrevocable trusts or?? They are too young for earned income and I don’t own a business so no IRA investing opportunities here.

like

For those who use property management companies to manage your rental properties, what are the services that you really value and will switch out to a different one if not getting such services?

Program Manager Healthcare Foundation $85,000. Worth it? Or too low?

like

Hpw do I buy alt coins? Deloitte, a u tattooing?

like

What type of investments do people typically put their TFSA vs other vehicles?

I am a direct private lender. I offer fast and reliable loan at 5% interest rate with no prepayment penalty. I can close a deal within 3-7 working days.

Do you have any project/deals that needs 100% funding?

-Jeremy

like

Investment advice for a junior associate (with minimal research or effort). Young with minimal expenses, so open to any and all suggestions.

like

Can anyone give me a rough breakup of expenses in Dubai please for a single person. Is 12-15k AED reasonable every month?

likesmart

Have 700K USD worth of invested assets (less real estate, cash/receivables, and precious metals). if I need 4K USD per month for expenses, can I now coast?

like

Considering trading my no date pre-ceramic sub for a modern DJ. Thoughts?

Post Photo
like

I panicked yesterday and sold all of my holding on SPY and VOO for about 100k yesterday. Waiting for re-entry post elections. Holding TQQQ and SQQQ for now. Should I use the fund to get into options? Good time to venture there?

likefunny

Mgni I was jealous since I sold out at 32 after 100p returns. Now I’m happy I didn’t lose the extra, but the rest of my portfolio.. oh boy

like

Is stock market surging tomorrow?

like

Finished Rich Dad Poor Dad and appreciate the emphasis on creating alternative cash flows (vs. just income). Does anyone have book recommendations on creating wealth? I've focused heavily on income + 'safe' investing, but intrigued to learn more.

like

General Question I started tuition reimbursement last year in August. I since have an interview with another job that is paying a lot more. You know how you apply to something not really thinking that job would call back? Should I get an offer, what do I do about tuition Reimbursement? Do they send a check and tell me to pay it? Do they take it out of my 401k? I know a lot of people will say I never shouldve applied but I didn't think too much about actually get a call back when I applied.

like

What is the deal with online lenders for mortgage? Has anyone used them or know why they are substantially cheaper rates? What’s the downside?

like

More Posts

Is there anyone who got converted from vendor to HSBC? If yes, how much% of hike HSBC offered)?
Thanks in advance

like

What’s the minimum percent salary increase you’d leave your current job for?

like

I'm an RN of 7 years, experience as a coordinator, on committees and do all the things. But now I just don't want to go to work anymore. I have anxiety every morning over nothing, just having to go perform my job. I could do my job in my sleep so I'm just lost and confused. My body is clearly sending me messages to leave. But where do I go? I think I need to step out of patient care.

Any WFM nurses out there? Better work-life balance??

likehelpful

Is Accenture sponsors MBA Programs like ISB,IIM,etc

like

What is the midpoint salary of Band 8?

like

What is the TC for a partner at PWC?

like

How is bitwise company in job security and learning wise ?

like

What is the hierarchy in PWC India Advisory? What is the YOE needed for Senior Associate?

like

What's the org structure at Deloitte? Is Assistant Director at EY GDS same as Director at Deloitte India?

like

Hi fishes,
In how many days capco releases offer after doc submission and hr discussion for bangalore?

Are there any mentors on staff who can help me professionally?

like

Has anyone worked with Wethos? Or, have you, as an independent strategist, worked on more “meaningful” social good projects? I am looking to mix things up, team up, and have an impact.

like

Hi Friends,
Just wondering in the Netherlands how is LoonZorg for expat insurance? The deal seems too good to be true as the premiums are a fair bit lower compared to other providers.

Thanks!

like

Need 11 likes for DM .
Thanks everyone.

like
like

How often do men get a haircut?

like

Hello, what is working in retail banking like at JPMorgan Chase ? Specially the branch manager role. I’m looking in the Columbus area. How is pay, culture, benefits, sales environment, meetings, etc. How easy is it to transition from retail banking to corporate. I hear the Polaris campus has great opportunities, I was thinking about getting my foot in the door through retail then transferring to corporate ?

like

“We are fully remote”

Me : Awesome so no travel required at all?

“Well you need to come to the office 3 times a week and the other two you will be popping into potential customers on site”

Me: So not remote at all…?

“No we’re remote, you get two days traveling not in the office”

Boomers and Gen X HR teams are FUNNY.

like

Additional Posts in Global immigration

EY law question - Checked the online portal and it seems like petition is ready to be sent to me but lawyers have stopped responding. Any idea what might be going on? (H1B1 Consular processing)

like

Any tax accountants/attorneys in here? What would happen to the 401k of a foreign worker if they cannot longer maintain an immigration status and have to go back home? What about a ROTH 401k? Assuming they made after-tax contributions, would they still be able to take tax-free distributions if they are non-resident aliens for tax purposes?

like

If my H1 is up for extension on July 2019, when should I initiate extension. Can I change my home city in that time period?

How long is the H1B transfer process time?

like

Are there private equity’s or hedge funds in NYC that will sponsor/transfer H1-B for positions such as Fund Accountants or Senior Fund Accountants?

Since EY Law does not provide evidence of filling for H1b, how sure can one be that the company really filed for them? With the high rate of H1b denials, I doubt EY Law really filed for everyone.

like

Does ey file premium for h1b renewal? My h1b expires end of Sep this yr. Was planning to reach out to EY Law to kickstart process in May. Is that reasonable?

like

Has anyone requested for an experience letter from Deloitte for Canada PR? The automated letter doesn’t provide job responsibilities. I requested an exception and they want to know the reason for it.

I had to leave the US before my lease ended due to visa reasons and subleased the apartment. I will be returning to the US on L1A shortly after the sublease ends (but before the term of the lease expires), could that jeopardize my return on L1A?

Does anyone know if it’s an issue if you’re traveling overseas and your GC gets approved and delivered to your US residence? Can you still access the country on your visa/advanced parole

Is it true that if your project changes (client and work location changes) you have to file amendment on H1B? Does this apply to L1A also?

Has anyone had success claiming for unemployment benefits while on H1B? For data point, I’m in NY and I received a request for documents showing work authorization and sent back EAD, SSN, copy of H1B stamp and I797. Case is still processing.

like

Is the only way to find out your case tracking number through the physical receipt notice?

My H1B extension was approved last week! Just want to throw out some positive vibes for everyone who’s still waiting on decision, and good luck!!!

like

Finally some good news - USCIS furlough cancelled!

likeuplifting

Any regular processing selections out there?

Currently working in Arizona hybrid under my H1B status. My company is also located in AZ. I mostly do not need to go into office unless needed. Currently I’m planning to relocate to California for 2 months temporarily. My director is concern is this is going to affect my visa status. Does anyone have advice ?

like

Anyone with June non-premium filing had their H1b approved?

like

I have a joke about H1Bs, but it is RFEd

likefunny

I accepted an offer but also just started a new project, what’s the best approach here to decide time to put in 2 weeks? Starting visa transfer with new employer next week, aiming to join early Sep.

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal