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, 2001 but don't forget July 4, 1776

They that can give up essential liberty to obtain a little temporary
safety deserve neither liberty nor safety. - Benjamin Franklin

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 substantial 
>assets both in his original nation and in the US, of becoming a US citizen?

-- 
Remember September 11, 2001 but don't forget July 4, 1776

They that can give up essential liberty to obtain a little temporary
safety deserve neither liberty nor safety. - Benjamin Franklin