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The new immigration reform Bill in he United States has brought the US Immigration tax laws under public scrutiny. The United States Immigration Tax Laws are generally rigid in its stipulation that those residents in the country must adhere to federal tax laws no matter whether they are immigrants or foreigners with a right to stay permanently in the U.S. In the matter of paying taxes they have to be as responsible as American citizens. Under immigration tax laws, employers who have employed immigrants in the country under an employment-based visa will also be withholding an amount from the pay just like the rest of the staff. In the US work visa is open to those who have a firm job offer and a certification by the Department of Labour. But highly skilled scientists, artists, executives or researchers are eligible to apply without a job offer in case they want to work in the United States. Also foreigners who are willing to invest at least $500,000 in U.S. business ventures will be eligible for a visa. As soon as the government approves the visa application, a Permanent Resident Card or "green card" will be issued entitling the immigrants to remain in the country as long as they wish. Immigrant Tax Law Under the US Immigration tax laws, when an immigrant receives green card, he or she becomes a tax resident has the duty to report all kinds of wages, salary, bonus and other financial gains to the IRS. The same goes to matters of interest, dividends, rental property, royalties and other income streams. In the US, a person must pay tax on any income he or she earns overseas as a U.S. resident. If the person has worked in the United States as a nonresident alien before getting the green card, even that income will be taxable depending on how long she resided in the country. Withholding Employers who have hired immigrants as labourers withholding a sum for income tax, Social Security and Medicare from their employees’ paychecks as with any other employee. For immigrants tax, the standard IRS rules apply whether the earning is in salary, hourly wages or mere tips. Nonresident aliens pay a higher withholding rate and immigrant workers file a W-9 form to confirm their status to ensure that they can take out the right amount. If tax is not withheld it will attract penalty as applicable to all others. Nonimmigrant Workers Foreign employees working under a temporary visa are also "tax residents" and subject to IRS's substantial-presence test. If a worker has spent 183 days in the United States in a period of three years with at least 31 days in the third year, withholding for taxes is natural. However, IRS spells out multiple exceptions and special cases for nonresident workers as listed in publication 519. Even the most debated provision in the new Immigration Reform Bill, that of paying back taxes before applying to citizenship demonstrate the inter-linkages between Immigrant tax and citizenship issues in the United States. For more information about Immigration Tax Laws and immigration Tax, please visit Immigranttaxgroup.org
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US Immigration Tax Laws, Immigration Tax Laws,
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