U.S. Income Taxes for Foreign Nationals - How Does it Work (Golding & Golding, Board-Certified)
Автор: Golding & Golding. Offshore Tax. Board-Certified
Загружено: 2023-06-12
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U.S. Income Taxes for Foreign Nationals
The United States tax system can be very complicated for anyone to understand and especially for taxpayers who may not be born in the United States or otherwise familiar with the US tax system. The taxation rules in the U.S. operate much differently than most other countries’ tax systems when dealing with individuals especially. That is because, unlike almost every other country across the globe, the United States follows a worldwide income tax model for individuals. Technically, it is referred to Citizenship-Based Taxation (CBT) but that is a dangerous misnomer since CBT is not limited to just U.S. citizens. In fact, it is not limited to U.S. citizens only and includes Lawful Permanent Residents and foreign nationals who meet the Substantial Presence Test as well. Let's go through the very basics of what worldwide taxation is with a few examples as well.
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