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| EB3, H1-B and paid unrelated Work/Hobby... Is it legal for me to engage? Thoughts? |
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Just to be clear, you have to claim every nickel you make overseas if you are a U.S. resident for tax purposes regardless of where it was made. That starts at dollar ONE!
As you correctly said U.S. resident for tax purposes includes substantial presence. If you pay taxes somewhere else, then you may be able to claim a 100% tax credit for any tax already paid. If you did not pay taxes abroad you are supposed to pay tax in the U.S.
I believe the $80K Bestia mentioned is true of non-resident U.S. citizens who must continue to file taxes even while living outside the US. It is definitely NOT true of residents of the U.S.
As a resident of the US ALL income earned here and abroad is taxable income. It's just that you may have offsetting tax credits that nullify those taxes.
Hope this help clarifies. |
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