Maintaining LPR Status During Stays Abroad

Tax Issues Spur Some Permanent Residents to Relinquish Their Green Cards

A growing number of lawful permanent residents (“LPRs” or “green card holders”) are relinquishing their status. According to the below article from South China Morning Post, the main reason is the costly and complex U.S. tax system. Both U.S. citizens and permanent residents are taxed based on their worldwide income, including income earned abroad. As a result,…