What American immigrants need to know about taxation.

# American Immigration # Introduction I believe that every new American immigrant will have a headache for American tax problems. In fact, the principle of taxation in the United States generally only taxes realized income, that is, real estate is taxed when it is bought, sold or transferred. The following is the tax common sense that American immigrants need to know, compiled by KaoNet. Welcome to read!

What American immigrants need to know about taxation.

First, before immigration, exchange book value-added cash. American immigrants are likely to encounter the problem of American real estate value-added tax when dealing with real estate. Because when you become an American resident, you don't have to pay taxes on the property you bring in from abroad. The easiest way is to cash in the income that has not been realized by book appreciation before you report for duty, such as selling stocks and transferring real estate, and then investing your cash in new stocks and real estate after you obtain identity.

Second, overseas work is tax-free in the United States.

For immigrants, green card, citizenship and tax are contradictory. American immigration law stipulates that green card holders return to the United States once a year to maintain their long-term willingness to live. Of course, there are houses, bank accounts, families and bonded.

However, if there are reasonable reasons why you cannot return to the United States within six months, you can apply for a return permit (white paper), which is valid for two years. In addition, naturalized American citizens must stay in the United States for more than two and a half years within five years of holding a green card, and must file tax returns honestly.

3. Overseas accounts are located in "tax havens"

If the account is located in a "tax haven" in Puerto Rico, Northern Mariana Islands, American Guam, Samoa Islands and Virgin Islands, you can enjoy tax-free treatment.

Fourth, make good use of gift tax exemption.

In the United States, a person can only give others $6.5438+0 million in his life. If the gift exceeds this amount, you must report to the tax bureau, or you can choose not to pay the gift tax, that is, deduct the gift from the future legacy allowance of 6.5438+0.5 million, but let the government know.

Five, two ways to avoid inheritance tax

Americans mainly use two methods to avoid inheritance tax.

1, SHIELD Trust

Brand trust effectively avoids the uncertainty of who dies first. It sets up a trust for each couple, and part of the assets will be transferred to the children's trust. In this way, the tax cuts for both husband and wife will not be in vain.

2. Family limited partnership

To establish a family business, you can establish a family limited partnership, set up in middle age, with parents as general partners, and then transfer assets to your children's accounts bit by bit. Finally, all children have a small part. For China families who like to buy commercial properties, it is very appropriate to adopt family limited partnership to transfer assets.

Article 2 Types of Green Cards for American Immigrants

The green card enables non-American citizens to obtain permanent residency in the United States. Many people outside the United States want a green card because it enables them to live and work anywhere in the United States (legally) and qualify for American citizenship after three or five years.

Every year, the US government issues more than one million green cards. Most of them are given to family members of American citizens and current green card holders, followed by workers from other countries, who are looking for jobs in the United States and become the second largest recipients.

1, family green card

Close relatives of American citizens and current green card holders can apply for their own family green cards. Eligible family members include spouses, children, parents and siblings (as well as spouses' children and children, adult children and siblings).

This category also includes widows and husbands who married American citizens when they died in the United States. Like spouses of living American citizens and green card holders who are currently applying for a marriage green card, widows and husbands must prove that their marriage is true before they can get a green card.

Many extended family members (cousins, uncles and grandparents) are not qualified. They can only apply for a green card if they also have close relatives and are American citizens or current green card holders (or are eligible for one of the following other green cards).

2. Employment green card

In the employment-based green card category, multiple subcategories of workers can apply for permanent residence. In some cases, their spouses and children are also eligible for green cards.

3. Long-term residence green card

Individuals who actually live legally or illegally in the United States (meaning that you have no documents) can apply for a green card through a special procedure called "registration".

Benefits of immigrants applying for American citizenship

For most green card holders, becoming an American citizen is the next logical step, especially if they plan to stay in the United States for a long time. American citizenship offers many advantages that green card holders cannot get.

You can't be deported to your country of origin or nationality. You will have the same right to live and work in the United States as other Americans. Even if you are accused of a crime in the future, you can stay in the United States. Although recent news reports show that the US government plans to pursue more "transsexuality" according to previous criminal offences, it should not affect the vast majority of naturalized American citizens. )

You can travel with the largest passport in the world. Applying for an American passport after receiving your naturalization certificate is a great advantage of American citizenship. With an American passport, you can travel to 180 destinations without a visa for a short time, and travel overseas as many times as you like. If you encounter difficulties, you can ask the local American embassy for help.

You can only get federal benefits from American citizens. After naturalization, you will get full access to some government welfare programs, such as federal university funding for American citizens only.

You can apply for a green card for your relatives. You will be able to provide your own green cards for parents, adult children and siblings.

Your children automatically become American citizens-even if they were born abroad. You only need to report the birth of your child to the American embassy or consulate.

You no longer need to deal with immigration paperwork. There is no need to renew the green card, and there is no need to pay the immigration application fee. You don't have to notify immigration every time you move.

You can apply for a job with the US government. Most federal jobs are reserved only for American citizens. Although every job has its advantages and disadvantages, federal employees and their families often get relatively better benefits and income than employees in the private sector.

You can vote in any American election. Only American citizens can vote in federal elections. Non-citizens can only vote in some local elections If you want to influence the leadership of your community or the whole United States, then the polling station is your starting point.

You can run for office. Most positions in federal offices and state and local public offices require US citizenship.