As the US tax reform cancels the personal exemption, this not only brings changes to the tax return of tax residents in the United States, but also requires the taxpayers of non-US tax residents to pay sufficient attention.
For example, the EB-5, which is being scheduled for investment immigration, has a $4050 exemption for the previous year, and if K-1 has less income, there is almost no tax return. However, with the abolition of personal exemptions in 2018, starting from 2019, non-tax residents in the United States will apply for a personal income tax of 2018.
Therefore, from the 2018 year, in the application process of investment immigration EB-5, the investor, as a non-resident taxpayer in the United States, is obliged to report personal income tax to the US Taxation Office, instead of negligently causing unnecessary taxable fines. Bad record.
Sophie Luo , USCPA
