US Citizenship and Tax implications

[newctz]

Hi,

I became a Naturalized citizen last month. I am planning to move to India next year. I would like to know what are the Tax implications in India and US.

e.g. Will the tax I pay in India be a credit in US tax return?

 

[Jackolantern]

Probably yes. But there are many conditions involved. See http://www.irs.gov/taxtopics/tc856.html

 

[Huracan]

Another interesting article:

http://www.careerjournal.com/myc/workabroad/20070920-herman.html

I think this tax topic explains the situation better:

http://www.irs.gov/pub/irs-pdf/p54.pdf