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    oops_kooops's Avatar
    oops_kooops Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 20, 2006, 10:43 PM
    L1 Visa - Tax Saving option
    Hi all:o

    I have come to USA on an L1 visa ( Intra Co transfer ) and my payroll is being managed by the US Sister company , My in come is quite less ( <65k annum ) . Is there any way I can save on taxes ? Would it help if I invest some money in my home country ? Am I eligible to file 401k ( which I think is the retirement plan ),, please let me know

    Thanks in adv
    Oops
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Oct 21, 2006, 08:37 AM
    Oops:

    The L-1 visa is considered a work visa. Or this reason, those on L-1 visas are subject to all the taxes that U.S. citizens pay.

    However, you are also eligible for the 401K program.
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