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Tax Law (Questions About Taxes)/Tax liability for relinquishing of LPR status

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Question
Dear Mr. Zemelman,,

I have been an LPR since June 2010 and have filed my tax returns for the year 2010, but failed to do so for the years 2011 & 2012.

I now wish to relinquish my Green Card, do I have any liability under Form 8854?  Also, how do I deal with non filing for the previous 2 years?

Thanks a lot for any information,

F. Shalan

Answer
Dear Fawaz,

In order to relinquish Green Card, you need to have 5 years of tax returns completed before you submit form 8854. You should also present FBAR reports for the preceding 6 years.

You have to file 2011 and 2012 tax returns, pay tax due and penalties (if any) in order to form 8854 to be accepted.

Please see http://www.taxesforexpats.com/expat-tax-advice/green-card.html for details.

Hope this helps,

I.J.Zemelman, EA

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IJ Zemelman, EA MBA

Expertise

I am an IRS-authorized EA and principal of a Tax Preparation firm focusing on U.S. Expatriates. We specialize in all tax issues faced by American citizens living abroad - such as foreign earned income, tax treaties, foreign spouse, etc. Visit our website - www.TaxesForExpats.com - for more information.

Experience

18 years professional tax experience, 12 with expatriate taxes.

Publications
Expatriate tax information on www.TaxesForExpats.com

Education/Credentials
MBA from Zicklin School Of Business, IRS Enrolled Agent

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