Ask Experts Questions for FREE Help !
Ask
    Meenakshi Agrawal's Avatar
    Meenakshi Agrawal Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Aug 21, 2006, 01:34 PM
    Double taxation
    Hi,

    I am a US citizen of Indian origin. I am working in the US and hold non-qualified stock options (of my company which is co-headquared out of the US and India).

    If I now go and settle (long term) in India, and exercise my options, will I be liable to paying any taxes in the US?

    (I understand that for these kind of option, if I exercise these in the US, I am liable to taxes (equal to income tax) at the time of exercising the option. In India, however, no taxes are applicable at the time of exercising the options.)
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Aug 21, 2006, 05:28 PM
    Yes, you are liable. U.S. citizens are liable for income taxes on ALL sources of income world-wide.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Taxation on bank interest [ 5 Answers ]

My brother is a nonresident alien. Has a bank account in u.s bearing interest. Interest income which is exempt in part to IRS regs and treaty. He recently became ill and requested me, a u.s. citizen, to become joint owner of his account. All interest income is to be used by him. My question is are...

Help Needed on US-India Taxation [ 2 Answers ]

I am new to US and on a L1-A visa and have to complete my tax formalities to start getting paid in USA after my transfer to USA This is my situation... I received a gross salary of approx 4,00,000 INR... 8000 USD (equivalent of Indian Rupees converted to USD) from January 2006 to June 2006...

Double Combo vs Double Tee [ 24 Answers ]

Hi All, The drains of my two storey home drain to one point at my basement ceiling, and then vertically to the basement floor via a 3" DWV pipe to a 4" sanitary tee that horizontally provides 1) a clean-out and 2) drain to the septic out the foundation wall. The center-line of the 4" sanitary is...

Taxation [ 1 Answers ]

Does higher taxation mean better standard of living? Justification is required.

Taxation for affiliate commission [ 1 Answers ]

Hi, I am an MBA student from Thailand and now I am studying an MBA in San Francisco. I earn some money from the internet. I am promoting some merchant websites through Google Adwords. When some visitors buy products that I am promoting, I get paid commission. The problem is that 1. I am not a...

View more questions Search