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Home > Money & Services > Taxes   »   foreign income as H1B holder in US

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Old May 18, 2006, 07:41 AM
mferrari
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foreign income as H1B holder in US
I am working in US with H1B visa, and filing tax return on my US income. How should I treat second income from outside US in tax return? Thanks a lot.

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Old May 18, 2006, 05:02 PM   #2  
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I assume you have been on the H-1B visa for all of 2005.

If so, you must declare the out-of-U.S. income and pay taxes on it. Now, you can claim the Foreign Income Exclusion (Form 2555) or Foreign Tax Credit (Form 1116) if you meet the conditions.
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Old May 22, 2006, 03:10 PM   #3  
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thanks a lot...
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Old May 22, 2006, 10:22 PM   #4  
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Glad to help!
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