Need info about Post Citizenship

[pvjoshi]

Hi All,

I'd like to have some info from experts. I got my Citizenship in June 04. Now next year my company wants to send me to India for managing their office for atleast 3 years. What would be consequences of this on my Citizenship?
Is there any rule that I have to stay in this country or I loose my citizenship?
ALso do I need to have some real Estate here ? ( Since I was thinking of selling my house )
If I want to come back after 3 years, do I need to take care of things before I go? Do I need to file Taxes here ( interest incomes etc) , even though I will be getting salary there ( In India) and not here?

I'd appreciate replies from experts

Thanks

PVJ

 

[phillydude]

Hi All,

I'd like to have some info from experts. I got my Citizenship in June 04. Now next year my company wants to send me to India for managing their office for atleast 3 years. What would be consequences of this on my Citizenship?
Is there any rule that I have to stay in this country or I loose my citizenship?
ALso do I need to have some real Estate here ? ( Since I was thinking of selling my house )
If I want to come back after 3 years, do I need to take care of things before I go? Do I need to file Taxes here ( interest incomes etc) , even though I will be getting salary there ( In India) and not here?

I'd appreciate replies from experts

Thanks

PVJ

Yes, you have to file taxes and thats it!

 

[Kind_SD]

You may want to apply for PIO card so that you can stay there beyond 6 months.(not sure what's happening to dual citizenship )

also refer to publication 54 for IRS for tax rules for citizen living abroad. As Joef said, you need to file taxes and show your income.
http://www.irs.gov/publications/p54/index.html
Income upto 80000 $ are exempt from US taxes(as per 2003 requirement). However, you still need to file taxes though even if you are below 80000$ overseas.