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View Full Version : Do resident aliens pay US tases on properties abroad?


CEFIRO38
Aug 15, 2009, 01:05 PM
Resident aliens in US. Do they pay taxes on properties owned abroad?

IntlTax
Aug 16, 2009, 08:01 AM
Yes, if the properties generate income.

MukatA
Aug 17, 2009, 12:32 AM
Yes, a U.S. resident must report worldwide income on his/her tax return. If the taxpayer paid any foreign taxes on the foreign income, he/she can claim foreign tax credit using From 1116.