Problems related to handling domestic assets before immigrating to the United States

As we all know, the United States is taxed globally, so if the assets of investors before and after emigrating to the United States are not handled well, it will bring great losses. Here are some questions about how to deal with domestic assets before immigrating to the United States. Welcome to read!

Problems related to handling domestic assets before immigrating to the United States

1. If assets are converted into cash and brought to the United States one after another, is it tax-free?

This depends on whether you are a US tax resident or not. If you are a US tax resident, selling your assets anywhere overseas depends on whether you make money or lose money after selling your assets. If you lose money, you don't need to be taxed. If you make money, you need to pay taxes according to the tax rate of the IRS.

2. If the wife and children do it and the husband doesn't go, is the assets under the husband's name not taxable?

Husband didn't go to America to become a tax resident. If all the assets are in the husband's name, there is no need to pay taxes or declare them.

3. Is the loan part of China real estate taxed according to the net value after sale?

The standard of paying taxes in the United States is based on your house price, not your loan. If you spend 6,543.8+0,000 yuan to buy a house, regardless of the loan of 500,000 yuan or 900,000 yuan, if you sell it for 2 million yuan, it means that you need to pay 6,543.8+0,000 yuan capital appreciation interest tax. If it is sold for 900,000 yuan and the capital loss is 654.38+10,000 yuan, then there is no need to pay taxes.

4, the woman's income is low, as the main lover, the man is not applicable. Should the woman sell all the value-added properties under her name before landing?

Yes, the woman should sell all the value-added properties under her name before landing and avoid paying capital appreciation income tax in the United States after landing.

5. The woman's income from selling houses is deposited into domestic and overseas bank cards. Should this part of the property be certified and notarized by the bank before landing? Are these assets tax-free?

It is strongly recommended that those who intend to apply for immigration to the United States make a list of all assets before immigration, if possible, as a notarization. Because this part of the property is the income generated by selling the house before you immigrate, that is, before you become a tax resident in the United States, you don't need to pay taxes.

6. After the woman went ashore, the man remitted money from China to her for buying a house and living. Is it duty-free?

It is tax-free in principle. Because a foreigner who has no American nationality does not need to be taxed if he gives overseas property to Americans.

7. Do I have to declare my income from the life insurance I bought before I immigrated?

According to the current law, life insurance purchased before immigration does not need to be included in income.

8. Is there a tax-free quota for selling houses after landing in the United States?

Facing the landing, time is tight, although several sets have been sold, there are still several suites that have not been sold! If the house is sold in accordance with the provisions of the US tax law on self-use housing, the proceeds from the sale can be fully or partially tax-free, and you can enjoy a tax exemption of $250,000 (if you are married and are a merger applicant, you can enjoy a tax exemption of $500,000). When the profit exceeds the tax-free quota, you need to pay income tax.

Further reading: American immigration schedule in May 2020

1, relative migration

Chinese mainland-born relatives immigration approval schedule:

The first priority is F 1 class (adult unmarried children of citizens) 8 1 day;

The second priority category F2A (permanent resident spouses and minor children) does not need to be scheduled, and there are places;

The second priority is F2B (adult unmarried children of permanent residents (2 1 one year old and above)) for 75 days;

The third priority F3 (married children of citizens) was promoted for 43 days;

The fourth priority F4 (siblings of adult citizens) was advanced by 265,438+0 days.

Delivery schedule of immigrants born in Chinese mainland:

The first priority is F 1 (adult unmarried children of citizens) for 83 days;

The second priority is F2A (permanent resident spouse and minor children) 1 month;

The second priority is F2B (adult unmarried children of permanent residents (2 1 one year old and above)) for 84 days;

The third priority F3 (married children of citizens) was promoted for 76 days;

The fourth priority F4 (brothers and sisters of adult citizens) has been advanced for 4 days.

2. Professional immigrants

Timetable for approving professional immigrants born in Chinese mainland:

EB 1 (outstanding talent) was promoted for 38 days;

EB2 (with advanced degree or special ability) will be promoted for 365,438+0 days;

EB3 (technical professional labor) increased by 3 1 day;

Advanced unskilled workers 15 days;

EB4 does not need to be arranged, and there are places;

EB5 (direct investment and regional center) is 48 days ahead of schedule;

Delivery schedule of professional immigrants born in Chinese mainland:

Professional immigrants born in Chinese mainland are all in the same place.

Further reading: application conditions and procedures for skilled immigrants in the United States

1. People with special abilities

American skilled migration conditions: refers to people who are beyond the ability of ordinary people in science, art, education, commerce, sports and other fields. Winners of international awards or those who meet certain conditions in China. For example: athletes, artists, artists, etc.

1. Education: including transcripts, diplomas and degree certificates.

2. Proof of work experience: letters from former employers and colleagues, the applicant's salary tax bill and work report.

Those who have not won the internationally recognized grand prize shall meet at least the following three conditions and provide corresponding certificates:

(1) won other national or international awards lower than internationally recognized awards for its outstanding achievements;

(2) As a member of a professional association or organization that must have outstanding performance to join;

(3) Its professional achievements are recorded or reported by monographs, trade publications or important media;

(4) Have been or are still judges or jury members who judge or choose their profession;

(5) Making pioneering achievements in related fields;

(6) Having published professional works or written professional articles in trade journals or major media;

(7) His works have participated in art exhibitions;

(eight) as the person in charge of the institution or an important person;

(9) Being in a high-paying class (with an annual salary of at least $6,543,800+);

(10) If you are a performing artist, the box office value of your performance or the sales of your records, tapes, CDs or videos have excellent business income.

2. Outstanding professors or researchers

The conditions of this kind of American skilled immigrants include: professors or researchers who have made outstanding achievements in a certain academic research field. At least three years teaching or research experience. I accepted a research position with tenure.

Application documents:

1. Education: including transcripts, diplomas and degree certificates.

2. Proof of work experience: letters from former employers and colleagues, the applicant's payroll tax bill and work report.

If you are a professor in an American university, the university must prove that the position is tenure or will become tenure. If the employer is a private organization, it should be proved that the employer has made outstanding research results and hired more than three full-time researchers. In addition, the applicant must meet at least two of the following conditions and provide relevant certificates.

< 1 > get rewards for academic performance.

←2 \8592; As a member of relevant academic societies, you must have outstanding achievements.

(3) his work or achievements are specially recorded or introduced by others in professional journals.

< 4 > as a member of the industry judges.

(5) Having made pioneering achievements in scientific research or academic research.

(6) Its academic works or professional academic journals that publish its academic articles are distributed all over the world.

Three. The executive director or manager of a multinational company.

Such personnel do not need a work permit, and the forms and other certificates to be submitted when applying to the Immigration Bureau are the same as l- 1, which proves the qualifications of the employer and the applicant.

Skilled migration application process:

First of all, applicants for professional skilled immigrants should conduct a comprehensive analysis and evaluation of their professional skills (such as professional expertise, research results, unique skills, foreign language level, age, etc.). );

Secondly, study and analyze the national conditions of the countries that apply to go and the laws and regulations that accept professional and technical immigrants (such as which professional and technical personnel are in short supply, which scientific research projects need to introduce talents, and which regions and institutions need supplementary personnel, etc.). );

Third, obtain the information form of professional and skilled immigrants through the embassy of China in China or the talent introduction department and immigration authorities of that country;

Four, prepare all the materials needed for professional and skilled immigrants (including academic degree certificate, scientific research achievements, professional and technical title certificate, academic achievements, age certificate, nationality certificate, medical certificate, etc.). ) and notarized by the notary office;

Fifth, submit the completed form and corresponding documents and materials to the relevant embassy or immigration authorities in China;

Sixth, wait for approval, and then go for an interview or start processing passports and visas after receiving formal written notice.