How do people who just got a green card in the United States file tax returns, and how do they declare their property before getting a green card?

First of all, we must understand that if one party obtains a green card within a tax year, it will meet the so-called "green card test". As far as American tax purposes are concerned, it is an American tax resident who is subject to American tax supervision.

If you are a foreigner with a dual identity

Foreigners), the parties have both resident foreigners and non-resident foreigners in a tax year.

Alien), which usually happens in the year when the parties arrive or leave the United States. In view of the dual status of the party in that year, his American income tax can be paid in two ways:

1. Choose to be a "US tax resident" for the whole year.

If you are single, you can't choose to be regarded as a US tax resident all the year round. You must be a husband and wife to choose to be regarded as a taxpayer in the United States all year round. But if the husband and wife choose to declare separately, you can't choose to be regarded as a tax resident of the United States all the year round like a single person.

2. Declare two statements in a dual capacity.

If both husband and wife want to apply, they must choose to declare separately. It is based on two identities to calculate the tax payable in the United States before and after having a green card. The declaration form can be divided into two parts:

□ The salary in the United States in February is $6,000. Please fill in the form 1040NR as a non-resident foreigner.

□ Calculation Form as Resident 1040. Attach 1040NR to the 1040 form when declaring. (February salary is valid because it comes from the United States.

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Income, in table 1040, the salary in February should be added to the salary calculation after September. Please refer to the explanation of dual identity in publication 5 19. ) because you are not a perennial taxpayer, this declaration method is not applicable? 12,200? Standard deduction of USD (20 19? Only the enumeration deduction method can be applied to declare the deductible expenses actually incurred after September. For the listed items, please refer to the annex of this article.

According to the regulations of the IRS, to declare a "dual-status foreigner", the following restrictions must be met:

□? Standard deductions cannot be used; However, if the conditions of enumeration are met, enumeration can be used.

□? The tax allowance declared by the taxpayer's spouse and dependents shall not be used to offset the taxable income during the period of non-US tax residents.

□ Cannot declare as a "parent"

□ Husband and wife must declare separately.

□ Different tax rates

Tax planning before green card registration

Having a clear understanding of the tax filing mode in the first year after obtaining the green card, you can make necessary transfer and planning for your property before applying for immigration in the United States, mainly in the following directions:

First of all, make clear the items, types, properties and registered names of property in all countries of the world.

2. Determine the market value of the real estate (it is best to issue an evaluation report by an evaluation agency recognized by the IRS).

3. If assets are transferred, the tax amount and transfer cost of the location can be derived.

4. Determine the items to be transferred.

5. Establish various legal entities that may save taxes, or decide the trustee of the trust.

6. Individuals or legal persons open bank accounts at home and abroad.

7. Property transfer or income realization.

8. Collect transfer vouchers for future reference.

9. Evaluate tax declaration items and tax estimates after green card registration.

X. Formal American immigrants enter the United States to report as green cards.

XI。 Declare before April 15 of the following year? 1040 table; Declare before April 15 (it can be automatically extended to 10 18+05)? FinCEN 1 14？ Watch this.

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