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ottawa_rocks

I'm on h1b: (My Credit Card payments done by my US Citizen Uncle): visa issue?

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Some people  are rich- accept it

 

The So called RICH people dont come on a forum to ask questions..they have their own ADVISORS!! Accept it.

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The So called RICH people dont come on a forum to ask questions..they have their own ADVISORS!! Accept it.

OP is not RICH, his uncle is. Read the post completely.

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The So called RICH people dont come on a forum to ask questions..they have their own ADVISORS!! Accept it.

If u read my previous post, i know abt rich ppl :)

Its about other who thinks even watching movies is lets say "fishy"

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SIgh.

Sure, some people may be rich. But there are still tax issues...

And if you think USCIS is bad, you haven't had to deal with IRS...

Please do provide me the info where paying credit card bills equates additional income

Or paying credit card bills becomes IRS matter

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$3500 per month is not normal for you? Around $100 per day is average spending for US household which make $3500 pretty reasonable. Google for average spending per month and you will know.

 

I understand if the $3500 does include the Rent + Utilities. But otherwise..you dont buy clothes everyday and make $100 bill at a Restaurant..I still stick to my  "$3500 dont trust theory". I make close to $200K and am not a pinchpenny...but dont spend $3500 a month.

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OP is not RICH, his uncle is. Read the post completely.

 

Im sure his Rich Uncle wouldnt mind OP spending some money on an Immigration Attorney :)

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Like what??

This is income that may have to get taxed. Also, the uncle may have tax reporting requirements.

The OP should check with a good CPA.

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I understand if the $3500 does include the Rent + Utilities. But otherwise..you dont buy clothes everyday and make $100 bill at a Restaurant..I still stick to my  "$3500 dont trust theory". I make close to $200K and am not a pinchpenny...but dont spend $3500 a month.

 

Also, ever shopped on rodeo-drive ? , a jeans costs 1000$ :) and i own them...! Now keep calculating/counting your 100$ restaurant bills...lol

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Please do provide me the info where paying credit card bills equates additional income

Or paying credit card bills becomes IRS matter

I got the same question.

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Attorney for what??

 

Oops..sorry I mixed this post to another one in the H4 section where ottawa rocks mentioned that he is looking for free advice on immigration matters when he can spend $1000 on jeans :)

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I understand if the $3500 does include the Rent + Utilities. But otherwise..you dont buy clothes everyday and make $100 bill at a Restaurant..I still stick to my  "$3500 dont trust theory". I make close to $200K and am not a pinchpenny...but dont spend $3500 a month.

Ever bought expensive bags/shoes/clothes ? And by expensive I mean the brands available only on rodeo drive ?

Or Cartier jewelry

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This is income that may have to get taxed. Also, the uncle may have tax reporting requirements.

The OP should check with a good CPA.

 

While there might be tax implications for OP,  it is unlikely to be treated as Income.  It might attract Gift tax though.

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This is income that may have to get taxed. Also, the uncle may have tax reporting requirements.

The OP should check with a good CPA.

I think I am confused.

That person is paying from his pocket, assuming that money is from his salary then he should be good to go.

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Please do provide me the info where paying credit card bills equates additional income

Or paying credit card bills becomes IRS matter

If you are not paying your bills yourself, but have somebody else pay them, that's OF COURSE additional income.

Geez, use common sense.

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While there might be tax implications for OP,  it is unlikely to be treated as Income.  It might attract Gift tax though.

 

My mistake.  Gift tax is normally paid by Donor (OP's uncle) . OP is unlikely to have tax implication

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Uncle of-course can NOT declare these payments in his taxes as expenses that he is doing for my credit card using his corporate company card. Here the focus is on me and my h1 and NOT the uncle as he is a citizen and doesn't care a dime about uscis.

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the uncle as he is a citizen and doesn't care a dime about uscis.

Wow that is quite an arrogant statement to make on a public forum. Just google "can US Citizens be deported". According to you, maybe your uncle is a "Trillionaire" but no one is free from USCIS.

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Uncle of-course can NOT declare these payments in his taxes as expenses that he is doing for my credit card using his corporate company card. Here the focus is on me and my h1 and NOT the uncle as he is a citizen and doesn't care a dime about uscis.

Taxes are not handled by USCIS, but by IRS. And he should care about IRS...

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If you are not paying your bills yourself, but have somebody else pay them, that's OF COURSE additional income.

Geez, use common sense.

I used my common sense n i believed urs too

Again ur proof I am waiting for

My dad paid for my education/bills even after i turned 18. THAT was never counted as an income.

Im sure lot of parents/guardians do that.

Come up with a better answer next time

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I used my common sense n i believed urs too

Again ur proof I am waiting for

My dad paid for my education/bills even after i turned 18. THAT was never counted as an income.

Im sure lot of parents/guardians do that.

Come up with a better answer next time

At age 18, you don't have a guardian anymore.

 

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Oh, and education expenses are something completely different from gifting money, what the OP's situation is.

Again, please educate yourself about these things. Tax law is rather hard, and if you don't watch out, you may violate tax law.

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Wow that is quite an arrogant statement to make on a public forum. Just google "can US Citizens be deported". According to you, maybe your uncle is a "Trillionaire" but no one is free from USCIS.

 

Googled and it says a US born citizen cannot be deported. So what is your point.   Even for a naturalized citizen it is tricky.  For example,  a person from India , when naturalized , loses his Indian citizenship.  So if he is deported ,  he will be deported to where ? Mars ?

 

History shows some cases of "stateless " people but I doubt US has EVER made a citizen stateless. 

Coming to the thread --- OP does not have any issue to be concerned.  OP's uncle might  have to gift tax  but again that is not OP's responsibility.  Unlike what JoeF says,  I am yet to see a reference that OP need to pay income tax on the gift.

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The point is the OP was worried about the matter. If one receives gifts beyond a certain limit and the OP would need to ask a CPA the excess is taxable to the Donor. As the OP said it is his uncle's  problem. But then why ask the question?

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