Miller & Company, LLP is a top-rated accounting firm in NYC with offices in Queens, Manhattan, Washington DC, and Sarasota, FL. Their multilingual staff specializes in international tax law.
NONRESIDENT ALIEN STATUS
If you don’t know whether or not you qualify as a nonresident alien, finding the answer is a logical first step. An alien, for U.S. tax purposes, refers to anyone who is not a U.S. citizen or a U.S. national. U.S. nationals are born in the unincorporated territories of American Samoa or Swains Island.
If you live in the United States, but have not passed the substantial presence or green card test, then you’re qualified as a nonresident. But if you’re married to a resident alien, you may still file your tax return as a U.S. resident alien if you file as “married filing jointly.”
GIFT TAX RULES
The Internal Revenue (IRS) considers any direct or indirect transfer of wealth from one individual to another that has not received some form of equal compensation to be a gift.
Under IRS rules, most gifts are taxable transactions, but there are exceptions, such as:
Unless the gift is for a charitable organization, you can’t deduct it from your income tax. The person giving the gift is usually responsible for paying the gift tax. But under some circumstances, the receiver may be permitted to pay it.
Read more at https://www.cpafirmnyc.com/gift-tax-non-us-citizen
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Miller & Company CPAs: Tax Accountants
2831 Ringling Boulevard, #204B
Sarasota, FL 34237
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