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

    Aug 14, 2012, 05:46 AM
    L1 visa holder who holds property in US
    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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    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.
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