Introduction to the Reasonable Tax Avoidance Law of American Immigrants

Reasonable tax avoidance law of American immigrants

According to reports, the tax in the United States is levied on a family basis, and the annual total income of the family is not the final tax basis. After the total income, you can deduct exceptions, discounts, expansion projects, individual pension plans, house purchases and loans. Pay taxes according to the final net income. How to avoid taxes reasonably? There are several ways:

1. After obtaining an American immigrant visa, the applicant needs to register in the United States within 180 days. On the day of landing in the United States, new immigrants began to fulfill their obligation to declare their property to the US government. Before becoming a permanent resident, all overseas non-value-added assets do not need to pay taxes to the US government. Only the value-added income that has been realized after landing needs to be declared to the US government and taxed according to law. Therefore, it is necessary to keep the proof documents of various sources of income and assets, and try to ensure the accuracy of the proof of the source of property to avoid false collection or fines.

2. The spouse with low income and less property is the main applicant. If a couple applies for immigration, the one with low income and less property is the main applicant. If only one person applies for a green card, there will be no overseas income tax problem for the spouse's assets outside the United States.

There are tax allowances for overseas income, and Chinese and American taxes can offset each other. Applicable to permanent residents who work and live outside the United States for more than 330 days each year. For example, the corporate income tax in China is 20%~25%, and the personal income tax on dividends is 20%, nearly 40%, while the personal income tax rate in different States in the United States is about15% ~ 20%; In China, the tax rate of profitable income such as house purchase investment is 20%, while the tax rate of investment income in the United States is only 15%, so the tax paid in China can offset the part to be paid in the United States.

4. Avoid inheritance tax. Before becoming an American citizen, foreign citizens can give their property in the United States to their children without any worries.

5, you can also set up a company, the family part of the cost (which can be related to the operation) included in the company's operating expenses, reducing taxes.

6. The U.S. government stipulates that you can get a tax refund of 10% of the total house price, not exceeding $8,000. This part is the tax refund in tax law, which is different from tax reduction and exemption, that is, the tax refund is as much as possible, while tax reduction and exemption is to subtract part of the income from the total income, and then calculate the tax payable according to the rest. Therefore, tax refund is more favorable than tax reduction, and taxpayers who can get tax refund should not use tax reduction.

7. Before immigration, consider whether the property is disposed of and how the planned funds will flow into the United States. For example, you can sell real estate or stocks before emigration, buy them back after emigration, or give them to your family, so as to avoid related tax problems. There are many tax reductions and exemptions in American tax laws, and China immigrants involve a wide range, so there are many ways to save taxes. Property transfer and gift, house purchase and sale, long-term investment can all be tax-deductible, and even you can get appropriate tax relief by flying or driving out. Take an applicant whose annual overseas income exceeds 6,543,800 yuan as an example. Apart from overseas income tax credit, housing fee reduction and personal allowance, he only needs to pay more than $3,000 in taxes in the United States, which can be deducted if he pays taxes reasonably at home. So those who are worried that their assets will be greatly reduced when they immigrate to the United States can stop worrying.

Further reading: How to find a sponsor of American immigration?

Relatives of American citizens or green card holders (legal permanent residents) in the United States expressed their willingness to provide financial guarantee for their relatives who intend to immigrate to the United States when submitting their applications for immigration visas to the United States for their relatives in China. During the application process, American consular officials will ask the applicant to provide a co-sponsor according to the situation.

According to American immigration policy, you must have a guarantor to apply for a green card. The guarantor can be a company with which you have an employment relationship or a family member with American citizenship.

In fact, the guarantor is the American applicant. In some cases, when American applicants don't have enough income to provide financial guarantee for their applicants, then joint guarantors are needed when applying. The co-guarantor is usually another person, usually a friend or relative of the American applicant or visa applicant; They agreed to provide financial guarantee for American applicants when they could not provide guarantee.

For most American immigrant visa applications, American consular officials will review the guarantee materials submitted during the visa interview, including financial guarantee (I-864 form or I- 134 form). Officials will also review relevant supporting materials provided by American applicants, including work certificates, tax records and asset certificates. Consular officials will judge whether the income of American applicants reaches 125% or more of the federal poverty line according to the number of families.

Co-guarantors must be American citizens or legal permanent residents (green card holders) living in the United States, and are willing to provide financial guarantee for those who intend to immigrate to the United States. The requirements for co-guarantors are the same as those for guarantors.

Extended reading: the strategy of American immigrants

First of all, if you want to immigrate to the United States, the most important thing is that you have reached 2 1, and your spouse or fiancee can also apply at the same time if they have not reached 2 1. Of course, in terms of personal assets, you must reach more than 500,000 US dollars before you have the right to apply. Their personal assets need to be obtained through relevant legal channels, and only after they are proved by relevant institutions. So at this point, we must pay attention to the characteristics of legitimacy and formal channels in our own assets. Of course, every immigrant citizen must invest in the United States, and the amount of investment must not be less than 500,000 US dollars, so as to obtain more employment opportunities, which can be said to be China's iron rice bowl.

Application process of immigrants:

When every China citizen wants to immigrate to the United States, the first step is still very important in the process, so we must pay attention to it. Every detail should be mastered, so that the efficiency of handling will be higher. In short, in this process, there must be relevant guarantee institutions or personnel to succeed. So we should master every detail flow skillfully, so that we can deal with it faster. As far as its details are concerned, it should be noted that only in this way can the success rate of immigrants be higher.

Immigration investment direction:

As an investor, although I immigrated to the United States, my investment must be more accurate. Because of the strong financial instability in the United States, we must be cautious in investing in this process, so as to grasp the direction of investment and ensure investment. In short, we should diversify our investment methods and let our principal be recognized. From this point of view, the requirements of investment immigration in the United States are often higher than those in other countries, so we need to pay attention to these points in the process of immigration procedures, so that we can be more rational in the investment process, master the process and details, and invest more accurately.

Choose the right investment method:

In the United States, after carefully calculating the two accounts of "strategy and economy" and making investment decisions, the primary problem faced by enterprises is what kind of investment method to choose. Enterprises with different scales, different development stages and different international strategic goals need to make targeted choices. Greenfield investment, also known as "creation investment", refers to an enterprise established in the territory of the host country by investors such as multinational companies according to the laws of the host country. Part or all of the assets are owned by foreign investors, who can choose to set up a new enterprise in the form of sole proprietorship or joint venture.

According to the needs of enterprises and the actual situation, the investment mode of green space can range from setting up representative offices to building new factories, which can effectively protect the company's business secrets and continuously consolidate the recognition of brands, products and services. Because greenfield investment will bring new production capacity, taxes and jobs, it is often easily welcomed and recognized by the host country. However, large-scale green space investment, including manufacturing industry, requires long-term and large-scale preparations, and requires investors' financial strength, transnational operation and market development capabilities. Newly established manufacturing enterprises in the United States should pay special attention to local laws and regulations on factory construction, environmental assessment and licensing, trade unions and labor. For example, in the United States, the environmental assessment of enterprise production is very strict, and some projects must be put into production for public consultation. It takes a long time to obtain environmental protection permits such as atmospheric emissions, and enterprises need to find out the relevant situation in the project planning stage in order to smoothly promote the project.