Do US residents need to declare worldwide income?

Potassium · Post by **Potassium** » Sun Mar 30, 2014 2:22 pm

I'm a US resident but not a US citizen.

I have some Canadian income (not much, just interest on Canadian bank accounts) do I need to declare this on my US tax returns?

I know US citizens have to declare worldwide income, but what about non US citizens?

rlb · Post by **rlb** » Sun Mar 30, 2014 9:12 pm

If you are a US resident (for example, green card), you must declare your worldwide income on your 1040 return. If you have Canadian bank accounts, you may have to file the FBAR report too.

The US taxes the worldwide income of ** both ** its residents and citizens. All other countries tax only their residents (except for a weird "diaspora tax" levied by Eritrea).

Junoon123 · Post by **Junoon123** » Wed Apr 02, 2014 5:48 pm

correction US resident green card also include people on visas