This post in relation to residing in H1-B in the United States and
having an online revenue earning website, the profits going to bank
account in india.
I am on H1-B visa in the US. I am planning to start a website
(which will be registered in India). The website may bring in some
advertisement revenue after a while. I plan to have the profits go
directly to my bank account in India.
Following are my specific questions:
1. Does the above mentioned plan violate any aspect of my H1-B
agreement with USCIS?
2. By having revenue go to India bank account, will I have to
report my 'home country earnings' while filing US tax returns also?
3. In relation to Qn# 1, when my PERM process starts, will this
effort create any issues?
Thank you for your answers, and any sightings to actual law
statements would be helpful.
having an online revenue earning website, the profits going to bank
account in india.
I am on H1-B visa in the US. I am planning to start a website
(which will be registered in India). The website may bring in some
advertisement revenue after a while. I plan to have the profits go
directly to my bank account in India.
Following are my specific questions:
1. Does the above mentioned plan violate any aspect of my H1-B
agreement with USCIS?
2. By having revenue go to India bank account, will I have to
report my 'home country earnings' while filing US tax returns also?
3. In relation to Qn# 1, when my PERM process starts, will this
effort create any issues?
Thank you for your answers, and any sightings to actual law
statements would be helpful.