Where Form 8854 Renunciation 2023-2024

Hi everybody, I'm David McKean with Greenback Expat Tax Services. Our question today is about reporting requirements for non-US citizens. There are two tests you need to pass in order to be taxable as a U.S. person. The first one is if you have a green card, meaning you are a lawful permanent resident of the United States at any time during a calendar year. In this case, you need to file a tax return. The second test is the substantial presence test, which is a bit more complicated. This applies to individuals with non-immigrant visas, such as those who travel extensively in the United States or stay for extended holidays each year. Under the substantial presence test, you would be taxable in the United States if you were there for at least 31 days during the current year and 183 days during the current and preceding two years. To calculate this, you count all the days you're in the United States in the current year, one third of the days in the year before that, and one sixth of the days in the year before that. If the total is over 183 days, you will be taxed in the United States. It's extremely important to document your time in the United States, especially to ensure you don't exceed the 183-day limit. If you are taxed in the United States and living there, you need to file your tax return by April 15th. If you live abroad but still subject to U.S. taxation, you have until June 15th to file. Another important consideration is what you will be taxed on if you are taxed in the United States. This includes your worldwide income, such as wages, interest, dividends, capital gains, and royalties. You would also be eligible for any deductions or...