Articles
Giving up a green card: tax implications, abandonment process, and what happens next
Giving up a green card usually means filing Form I-407 with USCIS, then handling the final US tax year correctly. For 2025 returns filed in 2026, long-term residents may also need Form 8854 and may face an exit tax if they meet 1 of...
Form I-407 explained: how to abandon a green card correctly
Form I-407 is the USCIS Form used to voluntarily give up lawful permanent resident status. For tax purposes, it can also determine when green card tax residency ends for the 2025 tax year filed in 2026. A green card is more than a travel document. Until your lawful permanent resident status is properly abandoned, revoked, or terminated,...
Form W-2 explained: how it works, what the boxes mean, and how to use it
A Form W-2 reports wages paid and taxes withheld for 1 calendar year, and this update focuses on 2025 W-2s received in early 2026. It also flags official 2026 Form W-2 changes that employers may see when preparing 2026 wage forms due to the SSA on February 1, 2027. This ...
Acceptable reasons for renouncing US citizenship: what it means and what happens next
You do not need an ‘acceptable reason’ approved by the US government, but your act must be voluntary, intentional, and informed. ...
Do nonresident aliens pay Social Security tax? (FICA & benefits explained)
Nonresident aliens can deal with Social Security in 2 different ways: payroll tax while working and tax withholding from benefits later. Do non-resident aliens pay Social Security tax? This depends on the type of income, visa status, and work location of the individual, and whether a treaty or totalization agreement app...
US exit tax (expatriation tax) explained – 2026 rules
The US exit tax is a federal expatriation tax that may apply when a US citizen renounces citizenship or a long-term green card holder ends US residency. For calendar year 2026, the key IRS figures are $211,000</...