How to determine a Long-Term Resident of USA?
You are a long-term resident if you have been a green card holder in at least 8 calendar years of the last 15 tax years. For example, you had green card on 12/31/2013 and you abandon your green card on 01/01/2020. Although you have been had green card for only 6 years and two days, the calendar years cross 2013, 14 ,15 ,16 ,17 ,18 ,19 ,20 which are 8 calendar years.
USCPA Sophie Luo (羅霞) reminds you that if you want to abandon your green card, you should do it as soon as possible before you become a long-term resident. Once you are a long-term resident who has abandoned your green card, you may be subject to the expatriation tax.
If you have any questions or need further help,
please contact us at the USCPA Sophie Luo (羅霞) +886 980919600
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