immigrationQuestion.com
Posted about 1 year ago
What are the tax implications for H1B visa holders, and how can I ensure compliance with both U.S. and home country tax laws?
Veli Makarel
Answered about 1 year ago
H-1B aliens who are U.S. resident aliens for the entire taxable year must report their entire worldwide income on Form 1040, U.S. Individual Income Tax Return, in the same manner as if they were U.S. citizens. If they also paid foreign income tax on foreign-source income, they may be eligible for foreign tax credits.