Tax consequences of becoming a US citizen

Adam Shostack adam at homeport.org
Wed Jul 10 06:19:46 PDT 2002


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. if the IRS can make a nexus case) is taxable.
| >
| > The question really is:  Suppose one becomes a US citizen, and
| > then resides outside the US.  Then is money on earned on assets
| > outside the US taxable by US authorities.
| 
| Yes, but under expat tax rates. Cf. the IRS site, tax regs, etc. for 
| details.

It seems that it may be similar to that for Green Card holders as
well:

http://www.techvisas.com/taxation.htm

Adam


-- 
"It is seldom that liberty of any kind is lost all at once."
					               -Hume





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