Charles (Chuck) Rubin: No Informal Abandonment of Residency Allowed

By Charles (Chuck) Rubin SUMMARY: The Tax Court rules against informal abandonment of resident status. Individuals who are admitted to the US as lawful permanent residents ("green card" holders) are treated as U.S. residents for income tax purposes. Code section 7701(b)(1)(A)(i). As such they are subject to U.S. income taxes on their worldwide income. Resident … Continue reading Charles (Chuck) Rubin: No Informal Abandonment of Residency Allowed