Unlike US citizens and permanent residents of the US, the non-residents or “resident aliens” have their status based on their duration of physical presence in the United States in any given year.
Different treaties with other countries may help determine how your estate and income in the US is taxed.
US estate tax applies to resident aliens and US citizens in a similar manner. Both have the full applicable exclusion amount available, of $11,180,000 of indexed assets.
Deductions are generally available in the same manner, with exception of marital deduction.
Commonly held Visa types:
– P = used for professional athletes artists, entertainers (temporary visa, income earned is taxed according to country of origin)
– H-1B = person in specialty occupation (requires higher degree or equivalent temporary visa)
For more info, contact the LifeGuy.
(Note: we don’t provide tax advice, contact your CPA or accountant for more TAX info).