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by andrewmb 3641 days ago
Is this true? I know that as a US Citizen I'm required to pay taxes on worldwide income; but any lawful resident of the USA has the same burden? I'm a little skeptical that someone not on a permanent immigration path would be subject to this, but I'm neither an attorney nor an accountant so...
1 comments

Yes; in addition you might want to ask your accountant about FBAR and FATCA reporting requirements. Those usually kick in if the sum of maximum balances of your foreign holdings over the year exceeds 10k (including retirement and market accounts, and yes, this does apply if you move one dollar between ten thousand accounts over the course of the tax year).

Edit to add: As a US citizen you are required to pay taxes on worldwide income even while not living in the US. As a US tax resident, you are required to pay taxes on worldwide income only as long as you remain a US tax resident, i.e. you file a US tax return.