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September 29, 2024
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How is my home income taxed in America?

  • September 29, 2024
  • 2 replies
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If I’m a permanent resident (a green card holder) since 9/1/2024 and I’m leaving today for home, should I pay taxes in US on the income I’ve received in my home country this year?

Best answer by pk12_2

@sondmitry ,  what I am getting from your short post and reply to my colleague @Anonymous_ , is 

 

(a) you were admitted to USA with a GreenCard  on 09/01/2024.  Thus you are a US person and taxed on your world income for the calendar/Tax year 2024.

(b) assuming that you  had no other stay in the USA during year 2024 or earlier, your  Resident period starts on 09/01/2024  ( the first full 24 hr day present in the USA ).

(c) This implies that your world earnings  from 09/01/2024 till 12/31/2024 is subject to US taxes  ( Federal, State  and FICA/SECA ).

(d) You ARE NOT eligible for first year choice -- for the year 2024 since you have passed the GreenCarxd test.

 

Please provide more info on your situation , so we can answer with specifics on your case --- when did you enter the country, which country are you from,  are you married  and if so to  US person  ( citizen/GreenCard / Resident for Tax Purposes),  when and why are you leaving the USA ( business/ abandoning GreenCard/ other reasons etc. ).  The more detailed your answer(s)  the  more specific our answers  will be .  Please answer.

 

I will circle back once I hear from you.

2 replies

Employee
September 29, 2024
No text available
sondmitryAuthor
September 29, 2024

Thanks, I’m good. I’m gonna send a first year choice statement to IRS.

pk12_2Answer
Employee
September 29, 2024

@sondmitry ,  what I am getting from your short post and reply to my colleague @Anonymous_ , is 

 

(a) you were admitted to USA with a GreenCard  on 09/01/2024.  Thus you are a US person and taxed on your world income for the calendar/Tax year 2024.

(b) assuming that you  had no other stay in the USA during year 2024 or earlier, your  Resident period starts on 09/01/2024  ( the first full 24 hr day present in the USA ).

(c) This implies that your world earnings  from 09/01/2024 till 12/31/2024 is subject to US taxes  ( Federal, State  and FICA/SECA ).

(d) You ARE NOT eligible for first year choice -- for the year 2024 since you have passed the GreenCarxd test.

 

Please provide more info on your situation , so we can answer with specifics on your case --- when did you enter the country, which country are you from,  are you married  and if so to  US person  ( citizen/GreenCard / Resident for Tax Purposes),  when and why are you leaving the USA ( business/ abandoning GreenCard/ other reasons etc. ).  The more detailed your answer(s)  the  more specific our answers  will be .  Please answer.

 

I will circle back once I hear from you.

sondmitryAuthor
September 29, 2024

Hi, thank you so much for your answers @pk12_2 @Anonymous_!

 

1. I entered the country in August 28

2. I left the country in September 28

3. Russia

4. I’m doing construction business in Russia, I should finish my current projects before I move to the United States.

5. DV, I’m single