Re: Tax consequences of becoming a US citizen

2002-07-14 Thread Ben Laurie
Nomen Nescio wrote: On Tue, Jul 09, at 02:02PM, Tim May wrote: Also, a person having extensive offshore (outside the U.S.) assets may well find his assets are now taxable in the U.S. And for those with capital assets not taxed in their home countries (e.g., Germany, Japan), this may be quite a

Re: Tax consequences of becoming a US citizen.

2002-07-10 Thread Greg Broiles
At 11:52 AM 7/9/2002 -0400, An Metet wrote: What are the tax implications of a US resident green card holder, with substantial assets both in his original nation and in the US, of becoming a US citizen? Take a look at http://www.thetaxguy.com/faq.htm. Non-US citizens may be classified as

Re: CDR: Tax consequences of becoming a US citizen

2002-07-10 Thread F. Marc de Piolenc
Nomen Nescio wrote: Are you saying that if someone is legally resident in the US for a while, the US IRS will attempt to get his assets all over the world forever? I find this hard to believe. Not necessarily get them, but tax them. Believe! Marc de Piolenc -- Remember September 11,

RE: Tax consequences of becoming a US citizen.

2002-07-10 Thread Trei, Peter
Greg Broiles[SMTP:[EMAIL PROTECTED]] At 11:52 AM 7/9/2002 -0400, An Metet wrote: What are the tax implications of a US resident green card holder, with substantial assets both in his original nation and in the US, of becoming a US citizen? Take a look at

Re: Tax consequences of becoming a US citizen.

2002-07-10 Thread Greg Vassie
years after you leave the U.S. tax scheme. (Yes, any U.S. citizen who moves anywhere in the world must, technically, file U.S. tax returns for 10 years after leaving. And pay various kinds of taxes, though the amount may be different from what he would have paid had he remained in the

Re: Tax consequences of becoming a US citizen

2002-07-10 Thread Adam Shostack
On Tue, Jul 09, 2002 at 07:22:30PM -0700, Tim May wrote: | On Tuesday, July 9, 2002, at 06:30 PM, Anonymous wrote: | | On 9 Jul 2002 at 14:02, Tim May wrote: | Unless one's stay is a short one (see below), income or other | money earned while in the U.S. (and maybe earned outside the | U.S.

Re: Tax consequences of becoming a US citizen.

2002-07-10 Thread Gabriel Rocha
On Tue, Jul 09, at 05:11PM, Tim May wrote: | Mexico does not allow _any_ noncitizen to work! Two point. I did not know that about Mexico (I did say it was made about the countries I knew about.) Switzerland and Brasil both allow student visa holders to work, albeit with

Tax consequences of becoming a US citizen.

2002-07-09 Thread An Metet
What are the tax implications of a US resident green card holder, with substantial assets both in his original nation and in the US, of becoming a US citizen?

Re: Tax consequences of becoming a US citizen.

2002-07-09 Thread Tim May
On Tuesday, July 9, 2002, at 01:19 PM, Gabriel Rocha wrote: On Tue, Jul 09, at 11:52AM, An Metet wrote: | What are the tax implications of a US resident green card holder, with substantial assets both in his original nation and in the US, of becoming a US citizen? Well,

Re: Tax consequences of becoming a US citizen.

2002-07-09 Thread Duncan Frissell
On Tue, 9 Jul 2002, Tim May wrote: Why do you think a person without a green card is exempt from IRS jurisdiction? I assumed that he meant a US non-resident. Obvi Unless one's stay is a short one (see below), income or other money earned while in the U.S. (and maybe earned outside the

Tax consequences of becoming a US citizen

2002-07-09 Thread Nomen Nescio
On Tue, Jul 09, at 02:02PM, Tim May wrote: Also, a person having extensive offshore (outside the U.S.) assets may well find his assets are now taxable in the U.S. And for those with capital assets not taxed in their home countries (e.g., Germany, Japan), this may be quite a shock. On 9

Re: CDR: Tax consequences of becoming a US citizen.

2002-07-09 Thread F. Marc de Piolenc
Basically, none. A US resident is taxed just like a citizen. In fact, even if you are not a green card holder, but have a substantial presence in the US, you are still taxed like a citizen. Marc de Piolenc An Metet wrote: What are the tax implications of a US resident green card holder, with

Re: Tax consequences of becoming a US citizen.

2002-07-09 Thread Greg Vassie
years after you leave the U.S. tax scheme. (Yes, any U.S. citizen who moves anywhere in the world must, technically, file U.S. tax returns for 10 years after leaving. And pay various kinds of taxes, though the amount may be different from what he would have paid had he remained in the

Re: Tax consequences of becoming a US citizen

2002-07-09 Thread Tim May
On Tuesday, July 9, 2002, at 06:30 PM, Anonymous wrote: On 9 Jul 2002 at 14:02, Tim May wrote: Unless one's stay is a short one (see below), income or other money earned while in the U.S. (and maybe earned outside the U.S. if the IRS can make a nexus case) is taxable. The question really

Re: Tax consequences of becoming a US citizen.

2002-07-09 Thread Tim May
On Tuesday, July 9, 2002, at 06:40 PM, Greg Vassie wrote: years after you leave the U.S. tax scheme. (Yes, any U.S. citizen who moves anywhere in the world must, technically, file U.S. tax returns for 10 years after leaving. And pay various kinds of taxes, though the amount may be