Tax problems and countermeasures of American immigrants

# American Immigration # The introduction mentions taxes, which many people don't understand. In fact, in life, whether you buy some household items in the supermarket or clothes in the shopping mall, you have to pay taxes, but it is only included in the price. The following are the tax questions and answers of American immigrants, welcome to read!

The first article is about the tax problems and solutions of American immigrants.

1. Is it necessary to declare US tax for the temporary green card in the United States? A: The US temporary green card is exactly the same as the official green card in tax filing, and it also needs to declare US tax.

2. Will the United States tax the global assets (including China) of people who get green cards?

A: Global taxation in the United States is really a personal problem for green card holders. If the green card holder owns the shares of the China company and the profits generated by the China company are not distributed to the green card holder through dividends, then the green card holder does not need to pay US tax on the profits of the China company he owns.

3. When do you start paying taxes after landing in the United States? What is the tax payment process?

A: After landing, new immigrants need to take responsibility. According to U.S. tax regulations, the first tax return is the second year after the customer becomes a tax resident in the United States.

4. How many assets should I declare for the first tax return?

A: Theoretically, it should be a full declaration. In fact, bank accounts, specific financial assets and overseas companies holding more than 10% must be declared. Real estate that does not generate profits shall not be declared. The amount of declared assets should be judged according to the degree of use of funds after individual immigration. Should not be too small, if the consumption amount far exceeds the actual declared assets and the corresponding income level, it will arouse the suspicion of the IRS; It shouldn't be too much, which can reduce the burden of handling inheritance tax in the future.

5. What are the consequences of tax evasion in the United States? Will it affect the enjoyment of welfare?

A: It is the duty of every taxpayer to pay taxes honestly, whether at home or abroad. After tax evasion is discovered in the United States, on the one hand, it is necessary to pay taxes, on the other hand, it is also necessary to pay corresponding fines. According to the amount of tax evasion, the amount of fines is also different. At the same time, tax evasion may also affect your welfare.

6. Can husband and wife file tax returns separately?

A: There are many forms of tax returns in the United States: single people file tax returns in their own names, married people can file tax returns separately, or they can file tax returns together as a family, or they can file tax returns separately or together if they have children. The form of tax declaration has a great influence on the tax amount. Generally, it can be reported together in the form of a family. The larger the family, the more tax credits. If the children of the family who get the green card are students, there is no need to file separate tax returns. Usually, they report it with their families. However, if children have their own income, they also need to file separate tax returns.

7. What kind of tax planning is most beneficial to new immigrants?

A: For high-asset people and new immigrants who are handling American immigration, learning American tax law is only the first step. It is the last word to arrange asset allocation calmly and avoid taxes conveniently and reasonably.

Chapter II Extended Reading: Matters needing attention of American immigrants renting houses in new york.

In new york, for example, the income required to buy a house in new york is $85,500; The median house price is $397600. More than one third of new york residents were born in other countries; Compared with other parts of the United States, the types of houses in new york are very diverse.

New york is a skyscraper city. Most people here live and work in high-rise buildings, which is very different from other cities in the United States. Although there are single-family houses in Staten Island, Bronx and Queens, new york City is more of a multi-family apartment building. In Brooklyn and Manhattan, single-family houses are very rare, and "townhouses", "townhouses" and "red-brown sandstone buildings" have emerged at the historic moment, and they are expensive. However, most new york residents, whether renting or buying a house, live in apartments or cooperative apartments.

One difference between real estate in new york and other cities in the United States is that the population density is extremely high, but the living space is very small. New york has 27,000 residents per square mile. Another great difference between new york and other parts of the United States is that most residents are renters.

According to the statistics of new york Rent Steering Committee, about two-thirds of houses in new york are rented, while other cities in the United States only account for one-third of the total number of houses. In fact, such a big city with a population of 8.5 million (twice that of Los Angeles) is a huge real estate rental market.

Another difference between new york City and other parts of the United States is the problem of commuting. Scott stringer, chief financial officer of new york City, said that the average daily commuting time in new york exceeds 1 hour, which is unique in the United States. Therefore, when immigrating to new york to buy a house, we must consider the convenience of the main bus lines or subway stations where the property is located.