New IRS Rule Starts , Many Seniors Could Lose Benefits If They Miss This скачать в хорошем качестве

New IRS Rule Starts , Many Seniors Could Lose Benefits If They Miss This

Urgent IRS and immigration update for seniors and retirees: if you’re a U.S. citizen or green card holder with foreign bank accounts, pensions, or overseas income, you need to understand FBAR, Form 8938, and worldwide income rules—because tax mistakes can quietly affect your U.S. immigration status, green card, and future citizenship. In this video on Immigration Updates Hub, we break down how U.S. tax residency really works for: U.S. citizens Green card holders (lawful permanent residents) Seniors and retirees with foreign income or assets We explain: What taxed on worldwide income actually means for retirees with foreign pensions, overseas bank accounts, and investment income The difference between FBAR (FinCEN Form 114) and Form 8938, and when each is required Key thresholds, like the $10,000 foreign account rule for FBAR and the higher **Form 8938 reporting limits Which foreign assets may need to be reported: bank accounts, investment accounts, certain foreign retirement accounts, life insurance with cash value, and more You’ll also see how IRS compliance can affect your immigration journey, including: How unpaid taxes or missing filings can raise questions during naturalization (Form N‑400) and good moral character reviews Why tax returns matter when you sponsor family members for immigration How your tax filing choices can impact questions about U.S. residence and green card abandonment We then walk through practical steps you can take right now if you’re a senior, retiree, or immigrant with possible foreign reporting issues: How to gather and organize foreign account statements and past U.S. tax returns How to check if FBAR or Form 8938 might apply to you When it makes sense to consult an international tax professional and possibly an immigration attorney Why fixing past mistakes proactively is usually better than waiting for an IRS or immigration problem later Whether you’re already a U.S. permanent resident, a long‑time U.S. citizen with ties abroad, or an immigrant planning for U.S. citizenship, this video will help you understand the real‑world overlap between tax compliance and immigration status. This video is for informational purposes only and does not constitute tax advice or legal advice. Always consult a qualified tax professional and, if needed, an immigration lawyer about your specific situation. #immigrationupdateshub #greencard #usimmigration #irs #fbar #immigrationnews #immigrationupdates #form8938 #usTaxes #retirement #seniors #uscitizenship