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What income taxes must be filed after an EB-5 investor receives his green card?

When a Brazilian citizen receives American citizenship (or Green Card) via the EB-5, which taxes are due on their income in Brazil related to wages, retirement and financial investment, as there is no taxation agreement between Brazil and the USA?

Answers

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    Julia Roussinova

    Immigration Attorney
    Answered on

    U.S. taxes its lawful permanent residents (green card holders) and U.S. citizens on their worldwide income. Please do not hesitate to contact our office should you need a consultation of a tax attorney.

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    Mahsa Aliaskari

    Immigration Attorney
    Answered on

    This is a question better suited for a Tax attorney who specializes in international tax matters.

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    Reza Rahbaran

    Immigration Attorney
    Answered on

    You should consult an international tax professional. As a green card holder or U.S. citizen you would be subject to international taxation.

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    Brian Johnson

    Immigration Attorney
    Answered on

    Resident aliens are taxed on worldwide income, while non-resident aliens are only taxed on U.S. income. For tax purposes, an individual is considered a resident if he is an USC or LPR, is in the U.S. for 183 days during the calendar year, or if he is physically present for 31 days during the tax year and a total of 183 days during a 3 year period. I suggest contacting an accountant with experience in international accounting for further information.

  • Avatar

    Ed Beshara

    Immigration Attorney
    Answered on

    The best advise is to retain the services of an experienced international tax attorney. The most appropriate time to be involved in tax planning is when you have made a decision to become a US permanent residency.

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    Shahzad Q Qadri

    RC Creator
    Answered on

    Once you get a greencard and are a resident of the U.S. you have to file taxes on worldwide income. Whether or not it is tax exempt is moot, full disclosure of worldwide assets is required.

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    Lei Jiang

    Immigration Attorney
    Answered on

    U.S. taxes its residents on worldwide base. We are also tax lawyers and will be happy to answer your questions.

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    Philip H Teplen

    Immigration Attorney
    Answered on

    The U.S. in general taxes world wide taxes. I cannot comment about Brazil; however, there are mane tax strategies involving trusts that can be utilized. Please call us.

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    Margo Chernysheva

    Immigration Attorney
    Answered on

    These are all questions to an experienced international tax attorney. However to give you an idea: there is no agreement between Brazil and U.S. on personal tax issues and you have to follow both countries'' tax codes separately for your tax purposes. In short, you cannot claim any benefit for paying tax in the U.S. on your Brazilian tax return and vice versa.

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    Ali Farahmand

    Immigration Attorney
    Answered on

    Anyone who becomes a Legal Permanent Resident of the United States will have to abide by all the Tax laws of the United States. You must file taxes every year. I suggest that you contact a CPA to assist you with your Tax issues. Good luck.

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    Lynne Feldman

    Immigration Attorney
    Answered on

    You need to consult an international tax expert. Once you are a permanent resident you are required to file a U.S. tax return as a resident on your worldwide income; the tax attorney can advise you of legal exemptions, deductions, etc.. Many countries have tax treaties with the U.S. so this may diminish the total tax liability if you are also required to pay taxes in your home country, e.g. Brazil.

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    Fredrick W Voigtmann

    Immigration Attorney
    Answered on

    You should seek independent tax advice from a qualified tax professional. Immigration attorneys cannot, and should not, give any sort of tax advice.

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    Kenneth Byrd

    Immigration Attorney
    Answered on

    If there is no tax agreement, or "totalization" agreement between the two countries, I doubt any tax could be collected. However, this is a question for a tax professional or CPA. Please consult with your accountant for more detailed advice, or call us directly to discuss your case.

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    Stephen Berman

    Immigration Attorney
    Answered on

    This is a question for an accountant, not an attorney.

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    BoBi Ahn

    Immigration Attorney
    Answered on

    I would advise seeking counsel from a professional tax specialist or an accountant regarding tax consequences of residence in the U.S.

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    Karen Weinstock

    Immigration Attorney
    Answered on

    U.S. permanent residents just like U.S. citizens must report worldwide income: income received anywhere in the world from any source. Whether taxes are owed will depend on whether you pay taxes in Brazil and at what level and whether you can claim credits in the U.S. You should discuss this with a CPA that specializes in international tax, I will be happy to refer you to one if you wish.

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    Bernard P Wolfsdorf

    Immigration Attorney
    Answered on

    Once approved as a permanent resident, it is the same as being a US citizen, generally.

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