U.S. Income Tax after Green Card

[pareshk]

We immigrated to US in Aug 2018. I'd like to know whether I need to declare my job earnings in India from Jan 2018 to August 2018 on this year's Income tax return in the U.S.

Best Regards

[pontevecchio]

your income before migrating is not subject to US tax. In future you need to pay taxes here on worldwide income though double taxation treaties do exist between India and the USA. You are also subject to certain reporting requirements.

 

 "You might also have to report the details of all your financial assets held outside the U.S. You might have to file a Statement of Foreign Financial Assets (IRS Form 8938) with your tax return and a Foreign Bank Account Report (FinCen Form 114), which is filed separately from your tax return."

Look these up in the IRS website for future reference.

[JoeF]

As a Permanent Resident you have to declare your worldwide income on your US tax returns.

See IRS Publication 519, Tax Guide for Aliens.

[JoeF]

2 hours ago, pontevecchio said:

your income before migrating is not subject to US tax.

Actually, it is. IRS Publication 519, Tax Guide for Aliens.

In particular, the "Green Card Test". A person who is a Permanent Resident even for one day in the tax year is a US Tax Resident and has to declare his or her worldwide income for the year on the US Tax Return.

FBAR is of course also an important thing.