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Be sure to read the fine print. Some Puerto Rican "banks" don't actually have banking license, they are IFEs (International Financial Entities). Whenever you hear about a Puerto Rican bank that don't require physical presence to open an account, more likely than not it is an IFE and not a real...

regarding to I can't talk about the legal consequences of converting all your savings to crypto, and you should listen to the other experts about this, but I can talk with confidence about the technical aspect of everything related to crypto. "Crypto won't fail", if you do choose your assets...

Thank you for your input azb1, but no offense, your suggestion actually doesn't make sense and based on your answers it seems that you aren't familiar with the specifics of the US tax laws and you are having trouble understanding the technical details that I've already laid out. I would like...

Are you saying to just leave the country without even filing l-407 and without filing the 8854?

Well that was the plan until it went to hell, due to circumstances outside my control. That's why I was contemplating abandoning the green card but the question is the "covered expatriate" status. Can I just file the 8854 without a single tax return filed for over 10 years? If my only clean...

This is my situation: I never declared any taxes ever in my 10+ years of legal residence in the US. I had been relatively poor most of that time, working for my extended family in the US. My bank account had always less than 10K USD and my coinbase account has always had less than 10K USD (until...