c**s
发帖数: 771 | 1 I have a bank account in China, and wire transferred more than $10,000 to it in 2010
from USA. Do I need to report it in FBAR,i.e., Schedule B in 1040.
I am confused by the definition of the "United States person", particularly, at http://www.irs.gov/businesses/small/article/0,,id=210244,00.html
it says:
"Q. What is a United States person?
A. “United States person” includes a citizen or resident of the United
States, a domestic partnership, a domestic corporation, and a domestic
estate or trust. See Announcement 2010-16."
Does anyone know the definition of "resident of united states"?
Does this "resident" refer to resident for tax purpose only? not legal purpose? | J*****i
发帖数: 2622 | 2 A resident alien of the States is required to file this form if you have
over $10,000 in oversea acct. | c**s
发帖数: 771 | 3 Thanks for the reply, but what is "A resident alien"? a green card holder?
or a person who passes "Substantial Presence Test" as defined here at http://www.irs.gov/businesses/small/international/article/0,,id=96352,00.html
【在 J*****i 的大作中提到】
: A resident alien of the States is required to file this form if you have
: over $10,000 in oversea acct.
| J*****i
发帖数: 2622 | 4 responded your message, but here we go again.
Green card, H-1b, F-1 with over 5-years in the States and elect to be
treated as resident alien.
【在 c**s 的大作中提到】
: Thanks for the reply, but what is "A resident alien"? a green card holder?
: or a person who passes "Substantial Presence Test" as defined here at http://www.irs.gov/businesses/small/international/article/0,,id=96352,00.html
| c**s
发帖数: 771 | 5 Thanks.
That was waht I suspected. But just play it safe, I think I would fill out
the form.
Do I have to report the interest I got in the foreign bank account on USA
tax return form 1040? Then I will be double taxed from China & USA. | J*****i
发帖数: 2622 | 6 Form 1116, Foreign Income Credit. |
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