conditional green card holder tax question

[anonuser1321 0]

Let me start off by saying I am currently a Conditional green card holder (earned through K-1 Visa) I've had it for about 1 year. My wife and I are planning to become nomads. She is American, I am Canadian. I already cut all ties with Canada tax wise. If I were to make a country such as Dubai/Malta/Cayman Islands/Ireland as my main tax residence, would I still owe taxes to the United States? I would give up my conditional green card and file my last tax return, my wife would keep her American citizenship and have to file her FBAR's if she earns any money or has over $10K in her foreign account. But technically speaking I earn the money and not her, she would not cause me to get taxed correct?

[JeanneAdil 6,498]

u r responsible for the years u hold a green card 

 

found an intertesting site on nomad living for areas u say (44 countries)

 

thought to do this myself

 

https://nomadgirl.co/countries-with-digital-nomad-visas/

 

since covid they have created a "Nomad visa"   

Dubia

The city of Dubai launched its one-year virtual working program for remote workers and digital nomads. You can work now for one year in this megacity on the coast and benefit from the zero income tax for individuals. You can apply from abroad as well as in Dubai itself but you may need a Dubai visa to enter.

 

For Cayman Islands u need to be rich 

The name already implies it with the Cayman Islands Global Citizen Concierge Program, only wealthy remote workers are welcome. And yes you can see this already in the income that you have to prove to apply for the program. This program is clearly aimed to attract high-level executives that can work remotely. The program is the longest with a maximum of 2 years and allows you to travel in and out as much as you like.

 

 

10. Malta

The tiny European island nation of Malta has a digital nomad visa called the Nomad Residency Permit. This program is targeted at NON-EU remote workers and has a length of 1 year which can be renewed. Malta boast a nationwide 5G network and English as one of the official languages, it also has over 300 days of sunshine a year.

[anonuser1321 0]

Yup. Thanks for those links. My conditional green card ( 2 years ) will expire in February. I'm thinking of just letting it expire and we move out of America by then.

[Wuozopo 4,293]

5 hours ago, anonuser1321 said:

Let me start off by saying I am currently a Conditional green card holder (earned through K-1 Visa) I've had it for about 1 year. My wife and I are planning to become nomads. She is American, I am Canadian. I already cut all ties with Canada tax wise. If I were to make a country such as Dubai/Malta/Cayman Islands/Ireland as my main tax residence, would I still owe taxes to the United States? I would give up my conditional green card and file my last tax return, my wife would keep her American citizenship and have to file her FBAR's if she earns any money or has over $10K in her foreign account. But technically speaking I earn the money and not her, she would not cause me to get taxed correct?

As a greencard holder, you are obligated to file a US return, but that doesn’t mean you “owe taxes to the United States”. The return may be more informational, reporting your foreign earned income then excluding it if you are legitimately living and earning a salary in a foreign country. However leaving the US for a long period of time would jeopardize keeping your greencard status. If you stayed and kept your greencard 3 years, you could apply for citizenship and not have to worry about returning to the US and starting over applying for a spouse visa.
 

You have many things at play here besides tax status. When would you start the nomad life? How long would it last? At some point would you ever return to live in the US? Where is the source of your income…self employment or remote work in another country. perhaps.

 

Your wife as a US citizen would be able to work abroad and not owe tax to the US if she was paying tax to the foreign country instead. Countries with tax treaties with the US typically keep one from paying double taxation. She would however file a return reporting her earnings and then excluding them, and ending with the tax owed $0. But if she maintains investments in the US, those earnings each year are taxable.

Edited August 17, 2022 by Wuozopo

[anonuser1321 0]

12 minutes ago, Wuozopo said:

As a greencard holder, you are obligated to file a US return, but that doesn’t mean you “owe taxes to the United States”. The return may be more informational, reporting your foreign earned income then excluding it if you are legitimately living and earning a salary in a foreign country. However leaving the US for a long period of time would jeopardize keeping your greencard status. If you stayed and kept your greencard 3 years, you could apply for citizenship and not have to worry about returning to the US and starting over applying for a spouse visa.
 

You have many things at play here besides tax status. When would you start the nomad life? How long would it last? At some point would you ever return to live in the US? Where is the source of your income…self employment or remote work in another country. perhaps.

 

Your wife as a US citizen would be able to work abroad and not owe tax to the US if she was paying tax to the foreign country instead. Countries with tax treaties with the US typically keep one from paying double taxation. She would however file a return reporting her earnings and then excluding them, and ending with the tax owed $0. But if she maintains investments in the US, those earnings each year are taxable.

I work for myself. I also earn money from Crypto staking. As for returning to the US permanently, hard to say right now. Not sure I want to and neither does she. If I do I could probably just do the green card process again even though it takes a while its possible, right? As far as I know yes, my wife may not have to pay tax depending on how much she earns I believe. But for myself I don't see the point in keeping the green card if I end up making a sizable amount of income per year and always having to report my income and possibly also having to pay taxes to a country I don't reside in.