Green Card Holders Relinquishing U.S. Status & Form 8854

Green Card Holders & Form 8854 (Relinquishing U.S. Status): The IRS recently updated the Form 8854 Initial and Annual Expatriation Statement. Generally, Green-Card Holders (Legal Permanent Residents) who are considered Long-Term Residents will have to file form 8854. The purpose of the Form 8854 is to ensure to that U.S. citizens and long-term residents comply…