I'm abandoning my GC. What if I don't show up for the interview? I want to return to Australia

[HRQX 4,145]

54 minutes ago, tom3227 said:

but I can do it from overseas.

Yup. It's actually intended to be filed voluntarily either from overseas or at a POE. So leaving the US and then filing the form is the proper way.

[Crazy Cat 41,894]

34 minutes ago, Timona said:

I concur with @retheem.

@tom3227  File citizenship, get it then leave. You still here for 6 month anyway. You never know. You may file and within the 6 months, boooom. Combo interview. 

Please, do not let all this be for nothing. Are you still married to US Citizen?

The OP said "The main reason for giving up is that if I don't I'll have to pay capital gains to the US for the rest of my life. Screw that."  

 

 

Edited February 1, 2021 by Lucky Cat

[ioxtremod 23]

If OP's concern is capital gain taxes, It's worth noting that abandoning a green card is the same tax event than abandoning US citizenship. You might have to pay a exit tax that is the 20% capital gain taxes as if you have sold your assets.

[tom3227 26]

You're right. I haven't sold anything and my plan is to do it after abandoning the GC. 

[ioxtremod 23]

10 minutes ago, tom3227 said:

You're right. I haven't sold anything and my plan is to do it after abandoning the GC. 

You might want to double check if you are not going to end up paying that capital gain taxes anyway. Depending on your situation, the IRS may charge you that capital gain taxes as if you have sold your assets when renouncing your green card.

[Timona 4,207]

43 minutes ago, Lucky Cat said:

The OP said "The main reason for giving up is that if I don't I'll have to pay capital gains to the US for the rest of my life. Screw that."  

 

 

Yap. I saw this. I was just giving him something to think about.

 

[tom3227 26]

8 minutes ago, ioxtremod said:

You might want to double check if you are not going to end up paying that capital gain taxes anyway. Depending on your situation, the IRS may charge you that capital gain taxes as if you have sold your assets when renouncing your green card.

I checked. I haven't acquired any assets while having the GC and they can't charge me for anything after I no longer have it. 

[mushroomspore 3,044]

18 minutes ago, tom3227 said:

You're right. I haven't sold anything and my plan is to do it after abandoning the GC. 

I was going to originally suggest filing for citizenship as well, but you sound pretty intent on just leaving. Nonetheless, I do wanna suggest at least giving it some thought. Since you did ROC, your spouse is obviously American and I'm guessing that at SOME point down the road, they will want to come back to the US (for a visit, at minimum). While you CAN file the Abandonment form, it may be worth it to consider getting US citizenship to make you and your spouse's lives easier because you just never ever know how life is gonna go. Food for thought.

[ioxtremod 23]

1 minute ago, tom3227 said:

I checked. I haven't acquired any assets while having the GC and they can't charge me for anything after I no longer have it. 

That's good. There is several other limitations but we are never too careful. I hate taxes as well lol.

[tom3227 26]

I am no longer married, applied for the i-751 with a divorce waiver. I don't anticipate ever coming back to the USA to live. Having the citizenship means I'll have to file taxes forever to the US gov, and pay taxes to the IRS in every deal I ever make in the future. Screw that

[igoyougoduke 1,656]

2 hours ago, tom3227 said:

It's easy to move back. I have dogs so I have to wait 180 days anyway. Booking flights 6 months in advance in easy and cheap (1k instead of 10k now). The main reason for giving up is that if I don't I'll have to pay capital gains to the US for the rest of my life. Screw that. I love america and the US is a great place to live, but is't not worth 20% of my capital gains for the rest of my life. Plus, australian beaches

still dont know why Aussie move to US. you got better beaches, weather and Kangaroos. Lol 

[mushroomspore 3,044]

3 minutes ago, tom3227 said:

I am no longer married, applied for the i-751 with a divorce waiver. I don't anticipate ever coming back to the USA to live. Having the citizenship means I'll have to file taxes forever to the US gov, and pay taxes to the IRS in every deal I ever make in the future. Screw that

Ooooh okay got it. I didn't realize you are divorced. The only reason I said to consider citizenship was mostly for the sake of your spouse. But in this case, then yeah, just file the Abandonment when necessary and all the best with moving back to Australia! Hope to visit there one day.

[tom3227 26]

23 minutes ago, igoyougoduke said:

still dont know why Aussie move to US. you got better beaches, weather and Kangaroos. Lol 

The US is a great country. Housing here is 1/3. Material lifestyle is way better in the US. Australians are "poor". They live in a $1.2m home that doesn't have a laundry room. They hang their clothes outside like cavemen. Their $1.3m home don't have water connection to the fridge, so they take ice from the ice tray like Neanderthals. But yeah, beaches are great. 

[tom3227 26]

This house would cost $180k in the US. It cost $2.7m in Melbourne. https://www.domain.com.au/386-richardson-street-middle-park-vic-3206-2016629341 

They are delusional. 

[retheem 566]

1 hour ago, tom3227 said:

I am no longer married, applied for the i-751 with a divorce waiver. I don't anticipate ever coming back to the USA to live. Having the citizenship means I'll have to file taxes forever to the US gov, and pay taxes to the IRS in every deal I ever make in the future. Screw that

Actually i think if you make over 103k USD that's when you will pay taxes. Below that you are good. But i would tell you to at least give it a thought. Life has shown people things....#JustSaying

Edited February 2, 2021 by retheem