Special Announcement


Tax Matters to Consider before Getting a Green Card

Our speaker will discuss Income Taxation of those Transitioning from G-4 to Green Card Holder, topics covered in the presentation are:

U.S. Income Tax Residency

  • Substantial Presence 
  • TestGreen Card Test
  • Filing Tax Returns as a U.S. Nonresident vs. U.S. Resident

Form 1040NR vs Form 1040

  • Capital Gains
  • Other important changes
  • Foreign Financial Asset Reporting

Foreign Bank Account Report (FBAR)

  • Specified Foreign Financial Assets Reporting (Form 8938)
  • Report of Foreign Trusts and Receipt of Certain Foreign Gifts (Form 3520)
  • Foreign Account Tax Compliance Act (FATCA)

The Exit Tax

Registration: email familynetwork@worldbank.org