Green card surrender--what is the process and what happens afterwards?

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I would like to know:

1. how difficult it is to surrender the Green Card after 1-2 years, and what is the process?

2. what are the implications (for example: can I apply in the future and will it be denied because of the surrender)

3. do I have tax liability (someone told me that even if I surrendered it before 5 or 8 years I still must pay taxes on income outside the US for 1 or 2 years afterwards!!!)


Please clarify, thank you very much.

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