Tax for asylees

[yahia08]

Hi,
I'm new on this forum and I really appreciate it.
we do have a big concern too about tax, I mean foreign tax.
ok, i'm starting: in my family everybody is Asylee(so US social security card) both my parents don't work in US yet but receive incomes from former country(which they fled) cause mom has a lawyer office there that's already taxed regarding the local gouvernment tax law.
As they're new on US they don't really know if that income has to qualify as the US income asset for taxation or not. if yes there'll have double taxation, won't it?

 

[TheRealCanadian]

As they're new on US they don't really know if that income has to qualify as the US income asset for taxation or not.

If they're US tax residents, then it's taxable income. End of story.

if yes there'll have double taxation, won't it?

Depends on the country. They are probably able to claim a foreign tax credit against the amount withheld.

 

[yahia08]

okay! thank u The RealCanadian
but what''s Foreign income exclusion, form 2055?

 

[thankful]

your situation is not usual. You will need professional help. talk to an accountant with cross border work.

 

[TheRealCanadian]

okay! thank u The RealCanadian
but what''s Foreign income exclusion, form 2055?

Were your parents out of the US 330 days out of 365? If not, then don't worry about it.

 

[yahia08]

thanks, The RealCanadian.