rahul412 Posted July 23, 2013 Report Share Posted July 23, 2013 But there are still tax issues... Like what?? Link to comment
omshiv Posted July 23, 2013 Report Share Posted July 23, 2013 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. Link to comment
rahul412 Posted July 23, 2013 Report Share Posted July 23, 2013 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. Link to comment
ge145 Posted July 23, 2013 Report Share Posted July 23, 2013 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" Link to comment
ge145 Posted July 23, 2013 Report Share Posted July 23, 2013 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 Link to comment
omshiv Posted July 23, 2013 Report Share Posted July 23, 2013 $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. Link to comment
omshiv Posted July 23, 2013 Report Share Posted July 23, 2013 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 :) Link to comment
JoeF Posted July 23, 2013 Report Share Posted July 23, 2013 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. Link to comment
ottawa_rocks Posted July 23, 2013 Author Report Share Posted July 23, 2013 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 Link to comment
rahul412 Posted July 23, 2013 Report Share Posted July 23, 2013 Im sure his Rich Uncle wouldnt mind OP spending some money on an Immigration Attorney :) Attorney for what?? Link to comment
rahul412 Posted July 23, 2013 Report Share Posted July 23, 2013 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. Link to comment
omshiv Posted July 23, 2013 Report Share Posted July 23, 2013 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 :) Link to comment
ge145 Posted July 23, 2013 Report Share Posted July 23, 2013 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 Link to comment
chakrakr Posted July 23, 2013 Report Share Posted July 23, 2013 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. Link to comment
rahul412 Posted July 23, 2013 Report Share Posted July 23, 2013 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. Link to comment
JoeF Posted July 23, 2013 Report Share Posted July 23, 2013 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. Link to comment
chakrakr Posted July 23, 2013 Report Share Posted July 23, 2013 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 Link to comment
ottawa_rocks Posted July 23, 2013 Author Report Share Posted July 23, 2013 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. Link to comment
omshiv Posted July 23, 2013 Report Share Posted July 23, 2013 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. Link to comment
JoeF Posted July 23, 2013 Report Share Posted July 23, 2013 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... Link to comment
ge145 Posted July 23, 2013 Report Share Posted July 23, 2013 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 Link to comment
JoeF Posted July 24, 2013 Report Share Posted July 24, 2013 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. Link to comment
JoeF Posted July 24, 2013 Report Share Posted July 24, 2013 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. Link to comment
chakrakr Posted July 24, 2013 Report Share Posted July 24, 2013 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. Link to comment
pontevecchio Posted July 24, 2013 Report Share Posted July 24, 2013 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? Link to comment
Recommended Posts
Archived
This topic is now archived and is closed to further replies.