New Green Card - When does one become U.S. Tax Resident

[enigma992 45]

Hi,

 

I have a question that I cannot find the answer to online. I am in the final stages of a green card application (Employment based) from Canada. My expectation is that I will be approved for the Green Card in August, at which point I will go to a POE to get the stamp in my passport but I will continue to live in Canada for another 6 weeks or so.

 

According to the IRS website, Green Card holders become tax resident in the US the first day they are physically in the US after receiving their Green Card. What i do not know is whether than means the physical Green Card, or if getting the initial stamp at the POE(and then entering the US even for a few minutes) means that is the moment you become US tax resident. 

 

This has tax implications because I will be earning self employment income in Canada until I move to the US in September and if I am US tax resident I have to declare foreign income as well as US income. I know one option would be to postpone getting the stamp until I am ready to move but I would prefer to get it ASAP in case something happens to my sponsoring company or the law changes etc.(or maybe I am silly to worry about such possibilities?)

 

Thanks!

 

[Cyberfx1024 7,980]

18 minutes ago, enigma992 said:

Hi,

 

I have a question that I cannot find the answer to online. I am in the final stages of a green card application (Employment based) from Canada. My expectation is that I will be approved for the Green Card in August, at which point I will go to a POE to get the stamp in my passport but I will continue to live in Canada for another 6 weeks or so.

 

According to the IRS website, Green Card holders become tax resident in the US the first day they are physically in the US after receiving their Green Card. What i do not know is whether than means the physical Green Card, or if getting the initial stamp at the POE(and then entering the US even for a few minutes) means that is the moment you become US tax resident. 

 

This has tax implications because I will be earning self employment income in Canada until I move to the US in September and if I am US tax resident I have to declare foreign income as well as US income. I know one option would be to postpone getting the stamp until I am ready to move but I would prefer to get it ASAP in case something happens to my sponsoring company or the law changes etc.(or maybe I am silly to worry about such possibilities?)

 

Thanks!

 

As soon as you become a permanent resident you are liable for taxes either domestic or foreign earned. So that means as soon as you get the stamp in your passport