Archer Posted October 27, 2021 Report Share Posted October 27, 2021 Hi I m a US Citizen. I'd like to apply for my parents Green card. My Questions are: 1. What are implications for my parents on filing their taxes in India for their assets ? Do they have to file taxes in the US? 2. How does this affect inheritance & taxation during inheritance ? 3. Are there any other implications like Health Insurance / Health care costs for parents while they live in the US? 4. My parents plan to visit me in March 2022, Do i wait until then to file for their GC ? 5. My parents dont have a marriage certificate - How can i provide an alternative evidence for my father's petition ? They live in Chennai currently. Thank you! Quote Link to comment
JoeF Posted October 27, 2021 Report Share Posted October 27, 2021 Permanent Residents and US citizens have to file US tax returns on their worldwide income. There are tax treaties with most other countries to avoid double taxation. Quote Link to comment
newacct Posted October 28, 2021 Report Share Posted October 28, 2021 (edited) Even when there is no tax treaty, the Foreign Earned Income Exclusion and/or the Foreign Tax Credit helps to avoid double taxation. (The Foreign Tax Credit essentially causes you to pay a net amount that is equal to whichever of the two taxes is higher.) Edited October 28, 2021 by newacct Quote Link to comment
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