Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Thread Tools Display Modes
Old 12.08.2015, 19:40
Join Date: Jul 2010
Location: USA, former Zurich
Posts: 2,041
Groaned at 14 Times in 14 Posts
Thanked 4,811 Times in 1,660 Posts
BokerTov has a reputation beyond reputeBokerTov has a reputation beyond reputeBokerTov has a reputation beyond reputeBokerTov has a reputation beyond reputeBokerTov has a reputation beyond reputeBokerTov has a reputation beyond repute
Re: Living in Switzerland USA Taxes

View Post
No. I'm not planning to at the time. I have to figure out if i can get used to the life in Switzerland first. I have been there before but never lived there.
Another thing to consider in addition to the helpful replies of the other posters: if you are a green card holder and are considering moving outside of the U.S. for a lengthy period of time, make sure you have the proper re-entry permits and documentation so that you don't lose your GC. Theoretically/urban legend, the cutoff is 1 year, but it is entirely up to whoever is admitting you back to the country to decide whether your absence from the U.S. was temporary, or rather you intended to make your residence abroad permanent.

Source: http://www.uscis.gov/green-card/afte...nent-residence

I would think long and hard on whether it makes sense for you to keep your GC if you move anywhere outside the U.S., as well as making sure that you don't lose it if that is not your intent. Also, remember that if you eventually plan on naturalizing as a U.S. citizen, you need to be physically living in the U.S. for a certain period of time as a permanent resident (30 months over a 5 year period, as well as the 3 months immediately preceding your application).

The way I see it, and it is entirely my personal opinion, there is no benefit in holding on to that GC if you don't plan on returning to the US in relatively short order, and are not interested in U.S. citizenship. In fact, due to the absurdity of the U.S. tax law, it might be more a hassle than a benefit.
Reply With Quote
This user would like to thank BokerTov for this useful post:

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Taxes: Working for Switzerland, living in the UK ValerieG Finance/banking/taxation 8 04.03.2014 13:45
Pros and Cons of living in the USA cf. Switzerland Joe755 Other/general 161 09.08.2011 10:58
Living in Switzerland, insuring a car in USA? sflorida_sweetie2 Transportation/driving 10 30.03.2010 12:01
Living in USA with Switzerland Health Insurance alfons Insurance 31 13.11.2009 21:34
translating a book for EU editor while living in switzerland- taxes? crimson Finance/banking/taxation 0 06.02.2008 16:48

All times are GMT +2. The time now is 22:34.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0