As a greencard holder, I pay US taxes when working in the US. I want to know whether I'm still liable to pay US taxes if I work in my home country (but retain my Greencard status in the US).
I'm also trying to get the answer via the IRS website, but still haven't found anything.
2007-07-05 05:38:01 · 3 answers · asked by mamabear 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
As a US resident you are subject to US taxation on your world-wide income from ALL sources regardless of where the income is earned. You can take a credit against your US tax liability for any foreign income taxes paid.
If you return to your home country and accept employment there you risk losing your permanent residency status in the US. Contact the USCIS for information on the rules for that. If you leave for more than one year, the loss of residency is automatic unless you apply for and receive advance parole prior to your departure in most cases. If you must depart for an emergency such as to care for a family member in your home country you may be able to apply for advance parole through the US Consulate or Embassy in your home country.
2007-07-05 06:16:42 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
Yes, and depnding on the state you reside in, you also have to pay state income taxes.
You might want to invest in a computer tax program that has alot of the key notes extracted from the current tax laws that will help you understand and calculate your tax payments.
2007-07-05 14:27:00 · answer #2 · answered by Duane T 4 · 0⤊ 0⤋
I don't think so, but if USCIS found out that you work in your home country, they could and they would revoke your greencard.
To them, it only shows that you are not interested in moveing here in the US.
Take it from me, I experienced it myself.
2007-07-05 12:46:59 · answer #3 · answered by abetdgreyt 4 · 0⤊ 2⤋