Hi all! I have a wealth of questions that I would like some advice on. I am a non-US citizen considering a move to the US for work (different company) whilst a PR in Japan. I want to maintain my PR status without paying taxes in Japan whilst I am away, and then at some point come back (and not bind myself to owing the US taxes for the rest of my life). My understanding is to do this I just need to get a 5 year re-entry permit in JP, and not leave the US with a green card. Is it as simple as this?
If so, then I have some additional questions:
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Is filing the 海外転出届 the correct form for me to fill?
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Apart from switching to National Insurance and Pension for the short time between resigning and leaving Japan, and paying off all of my 2024-calculated residence tax, is there anything else I would need to do?
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How _do_ I pay off all of my residence tax, will this be through my current employer (who currently takes it out of my month-to-month salary), or through the tax office?
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If I leave by the end of the year, I understand I won't owe residential taxes next year which seems like a massive 10% saving. I assume though that this adjusts my furusato nozei "allowance" – is there a calculator that can help me _simulate_ my new allowance?
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When I leave the airport on my flight to the US, or wherever, I'll tick the "coming back within 5 years" box on my departure form. Will I need to answer any questions at the immigration counter, and if so is my reason for leaving going to be scrutinised?]
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I am aware of needing to close out PFIC-subject ETFs/mutual funds, but I have also been told that mutual funds that track completely non-US based indices are also taxed aggressively. If this is the case, what _can_ I leave in my securities accounts? Should I sell up everything and just buy individual stocks in my NISA before it "freezes"?
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On the note of selling.. if there's a week between giving up my JP tax residency and getting US residency, am I able to sell my crypto, stocks etc during that week and owe no capital gains anywhere (or income tax for crypto)? I know I would not be a US tax resident before the date I move if I move late in the year. This seems like a major tax break, essentially allowing me to reset my cost bases on everything… surely not?
And anything else that you are are aware of that could be helpful to know… I would be extremely grateful.
If I do make this choice I will of course hire a tax expert, but thought I would see what the community can share first. Thank you!
by ViralRiver