75. The Green Card Exit Guide: How to Avoid Surprise Taxes When Moving Away From America
From Expat Wealth - Cross-Border Financial Advice for Expats in America and Americans Abroad by Richard Taylor
February 26, 2026 · 44 min · Episode 75
About this episode
This episode discusses the tax implications and planning necessary for green card holders moving abroad to avoid unexpected exit taxes and inheritance tax issues.
Failing to formally surrender a green card can have serious consequences, including triggering expatriation rules, a potential exit tax, and even long-term inheritance tax implications for US heirs. While most people know that renouncing US citizenship can lead to an exit tax, far fewer green card holders realize that many of the same rules can apply to them. Simply leaving the United States does not end your US tax residency, but too many assume that moving abroad automatically closes the chapter. Richard Taylor – dual UK/US citizen and Chartered Financial Planner – is joined by Debra Rudd, Certified Public Accountant at Hodgen Law PC, to unpack the lesser-known tax landmines facing green card holders who relocate overseas. They emphasize that approaching Form I-407 and your departure from the US as a planned, coordinated strategy rather than a last-minute border formality can make all the difference between a smooth transition and a sudden exit tax bill with lasting consequences. In this episode of Expat Wealth, Richard and Debra discuss: Why holding a green card for as little as six years can classify you as a “long-term resident” and potentially a covered expatriate. The…
People in this episode
Host: Richard Taylor
Guest: Debra Rudd
Topics covered
- green card
- exit tax
- expatriation rules
- tax residency
- inheritance tax
- financial planning
Keywords
- green card
- exit tax
- expatriation
- Form I-407
- long-term resident
- covered expatriate
- tax residency
- inheritance tax
Mentioned in this episode
Organizations: Hodgen Law PC
Places: United States, America, UK
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