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swiss-list: Green card and moving back to CH

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swiss-list: Green card and moving back to CH

From: Frederic Dufaux <click for textversion of email address >
Date: Tue, 23 Oct 2001 12:04:06 +0200
X-Mailer: Microsoft Outlook IMO, Build 9.0.2416 (9.0.2911.0)

I have a green card and I recently moved back to Switzerland.

My understanding is that I have to fill a tax return in the US. I will be
taxed on my worldwide income but I will be able to deduct an amount around
$80'000. I will loose the green card after one year unless I visit the US at
least once a year.

Is my understanding correct? It seems that as I am not considering to move
back to the US in the future I will be better off giving up my green card.
What's the procedure to give up my green card? Anybody on the list in a
similar situation has some experience to share? Thanks in advance,

--Frederic

Frederic Dufaux
Genimedia SA
PSE - EPFL
1015 Lausanne
Switzerland
Phone: +41 21 693 8595
Email: fdufaux_at_genimedia.com <mailto:fdufaux_at_genimedia.com>

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Received on Tue Oct 23 2001 - 16:17:32 PDT

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