+1-800-997-1228
Questions & Answers

How are permanent residents and citizens taxed in the U.S.?

My EB-5 visa just got approved and I am preparing for my relocation. I would like to know how the taxation system in the U.S. works for a permanent resident or citizen. I read that the tax liabilities involve gross income worldwide. Does this mean that as a resident or U.S. citizen with income from Brazil, I must pay U.S. tax on my Brazilian income?

Answers

  • Avatar

    Ed Beshara

    Immigration Attorney
    Answered on

    Definitely you will need to retain the services of an experienced international tax attorney to assist you with pre-immigration tax planning, as to both Brazilian and U.S. tax matters.

  • Avatar

    A Olusanjo Omoniyi

    Immigration Attorney
    Answered on

    You will only be taxed beginning from when you move to the U.S. as a resident. After you become a resident, you will be liable for tax on all your income earned anywhere in the world.

  • Avatar

    Lynne Feldman

    Immigration Attorney
    Answered on

    Yes PRs and citizens pay taxes on worldwide income. You should consult an international tax person, as many countries have tax treaties to minimize or avoid double taxation.

  • Avatar

    Bernard P Wolfsdorf

    Immigration Attorney
    Answered on

    Yes, U.S. residents are taxable on worldwide income but can usually set off tax paid abroad via tax treaties.

  • Avatar

    Marko Issever

    EB-5 Broker Dealer
    Answered on

    There is no difference in the tax treatment of a green card holder and a U.S. citizen. You are taxed on your global income. Many countries have tax treaties with the U.S. and therefore, you can deduct the taxes you pay in those countries on income earned there from your overall global tax bill from the IRS. You should consult with a tax attorney or CPA who is knowledgeable about Brazil whether you will be allowed to deduct taxes you pay to Brazilian tax authorities.

  • Avatar

    Hassan Elkhalil

    Immigration Attorney
    Answered on

    Green card holders and citizens are taxed the same. As a green card holder or a U.S. citizen, you are taxed on your income generated worldwide. I think you should consult with a CPA before you immigrate to the U.S. or upon arrival.

  • Avatar

    Igor Serbinin

    Immigration Attorney
    Answered on

    Yes, this is generally true. A U.S. resident or citizen is taxed on his/her worldwide income.

  • Avatar

    Charles Foster

    Immigration Attorney
    Answered on

    Yes, conditional lawful permanent residents are taxed on worldwide income, but may be eligible for tax deduction based on foreign taxes paid abroad.

Add your comment

Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment.