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

    Mar 12, 2007, 12:46 PM
    Inheritance tax for Resident alein (green card)
    What are the rules for paying inheritance tax for green card holder living in US for 10 years and married to US citizen. I know that US citizens are exempt for an estate of 2 mill or less.
    I paid inheritance tax in Japan do I have to prove how much I paid to the IRS?
    Please let me know what you think and what IRS forms to quote or look at.
    Thanks
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Mar 14, 2007, 10:57 PM
    If you inherited in Japan and paid those taxes, you are probably exempt from U.S. estate taxes to the extent that you paid to Japan, PLUS $2 million.
    taxsearcher's Avatar
    taxsearcher Posts: 222, Reputation: 8
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    #3

    Mar 15, 2007, 06:30 AM
    It depends. If the person inheriting it is a US citizen, it's basically straightforward and the same as the US situation. If the spouse inheriting it is NOT a US citizen, but is inheriting it from a US citizen spouse, it's not quite so straightforward.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Mar 18, 2007, 06:27 PM
    I yield to TaxSearcher's greater knowledge and experience!
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