Vietnam
Hong Kong
TaiwanThe green card and tax residence
The US taxes residents on worldwide income. Green card holders are generally US tax residents, so income from any country may need to be reported.
Common items
| Item | Detail |
|---|---|
| Worldwide income | Salary, dividends, rent and business income |
| Foreign financial accounts | Some must be reported separately |
| Interests in foreign companies | May involve extra reporting |
| Foreign assets | Depending on type and value |
Preparing before you immigrate
- List your assets and income, and understand what will need reporting.
- Review how your companies and investments are held.
- Discuss green card timing and asset arrangements with a US tax professional.
- Keep records of your assets’ original cost, useful for calculating gains later.
A point for EB-5 investors
EB-5 requires proof of the lawful source of funds and the transfer path. Organising the source of funds and tax planning together avoids duplicated work.
Living outside the US
Even when living abroad for long periods, green card holders are generally still US tax residents and must file.
This article is general information, not tax advice. Please consult a qualified tax adviser.