What makes someone a 'long-term resident' for exit tax purposes? My green card is exactly 8 years old.
I received my green card in 2018 and I'm considering surrendering it in 2026. That would be exactly 8 years. I've heard the exit tax only applies to 'long-term residents' who have had a green card for 8 out of the last 15 years. Does my situation count? What if I had a year where I was outside the U.S. for most of the year — does that year still count? I own an LLC and I need to know if I'm subject to the exit tax before I start the process.
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