U.S. Reporting and Tax Obligations of Visa Holders

• Overview
• Credits

Gain an understanding of when a visa holder is subject to U.S. taxation.Learn when a person is required to file a U.S. income tax return as a U.S. income tax resident reporting worldwide income and information returns reporting worldwide assets. You will also learn what exceptions exist to avoid classification as a U.S. resident and how to escape worldwide income and transfer taxation when otherwise qualifying as a U.S. resident.

Authors

Agenda

General Concepts

1. S. Income Tax Resident - Substantial Presence Test

Exempt Individuals

Closer Connection Exception

Income Tax Treaty Exception

First and Last Years of U.S. Resident Status

Foreign Information Reporting Requirements