avisjk said:Are GC expenses tax deductable
Thanks,
Does it include lawyer expenses or only 485/EAD/AP fee?unitednations said:if you itemize, you can claim any expenses that you incurred for greencard expenses as miscellaneous deductions.
unitednations said:lawyer and filing fees.
note: these have to be amounts that you paid; not amounts that someone else paid on your behalf.
unitednations said:CPA - certified public accountant
I'm more of a corporate CPA, and don't as a matter of course deal with personal tax return issues, although Iknow of the rules at high levels.
Sometimes when people ask me CPA related questions I have to look it up.
Back to your question, yes all those expenses would be tax deductible. However, keep in mind that you have to itemize and your miscellaneous deductions only above 2%of AGI are deductible.
Thanks. I paid myself all GC expenses. My employer paid only for H1B.unitednations said:lawyer and filing fees.
note: these have to be amounts that you paid; not amounts that someone else paid on your behalf.
unitednations said:if you itemize, you can claim any expenses that you incurred for greencard expenses as miscellaneous deductions. Note: that only the amount of miscellaneous expenses that exceed 2% of your adjusted gross income can be deducted.
Therefore, if you AGI is $50,000, 2% is $1,000. If your miscellaneous expenses is $1,700, then you can deduct $700. This is only if you itemize deductions.
avi101 said:H1 - isn't it legal violation if you pay for your H1? i know people pay it but they can't claim that they are, cos legally company is supposed to pay for it??
Labor - isn't that company's property where you are just a beneficiary?
Just curious. Why not it is legal expense?su_su said:I am a CPA and tax pro, and I do not think that we can deduct the GC expense as 2% miscellaneous AGI in Schedule A. The expense is not qulified as deductible legal expense. So be careful on that.