478. Filling US tax return for Children . . .

Questions: Hi My child is born in USA and holding USA passport. Me and My wife are Indian passport holders. We are moving back to India. So from India do i need to file tax return in USA for my child next year? Regards: Sumit Goyal Answer: Federal income tax returns for USA must be filed depending on the individuals income, age and the type of income. If income is below a certain level and no tax credits are to be claimed, then the mandatory requirement to file a tax return may not apply. If your child has no income, then it is not a compulsory requirement to file tax return for your child from India. Information on tax rules for children are available on the IRS website. Here is a link where you may find more information on this topic: www.irs.gov/pub/irs-pdf/p929.pdf
Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
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478. Filling US tax return for

Children . . .

Questions: Hi My child is born in USA and holding USA passport. Me and My wife are Indian passport holders. We are moving back to India. So from India do i need to file tax return in USA for my child next year? Regards: Sumit Goyal Answer: Federal income tax returns for USA must be filed depending on the individuals income, age and the type of income. If income is below a certain level and no tax credits are to be claimed, then the mandatory requirement to file a tax return may not apply. If your child has no income, then it is not a compulsory requirement to file tax return for your child from India. Information on tax rules for children are available on the IRS website. Here is a link where you may find more information on this topic: www.irs.gov/pub/irs-pdf/p929.pdf
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Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com