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View Full Version : L1 visa holder who holds property in US


ysmisako
Aug 14, 2012, 05:46 AM
I suppose to apply L1 visa.

Somebody says "If visa holder buy a property in US, you must report my entire worldwide income to the U.S."

Is it true?

AtlantaTaxExpert
Aug 14, 2012, 07:54 AM
Buying property has NOTHING to do with the process.

As a L-1 visa holder, you will eventually file as a resident alien.

ALL resident aliens MUST declare ALL world-wide income on their U.S. TAX returns.