Are Foreign Citizens in the US Subject to Inheritance Tax
It is important to be familiar with your tax obligations as a foreign citizen who lives in the U.S. Let's say you have an inheritance. Is that a requirement to pay federal or state taxes if you are a resident alien in the United States? The tax obligations for foreign citizens who reside in the United States are the same as those of American citizens. This means that you will not be taxed at the federal level if an inheritance is received from a relative. However, you might be taxed at the state level. There is no federal inheritance tax. However, depending on your inheritance circumstances, you might have to pay an estate or gift tax. States may levy their inheritance taxes. Ask a tax CPA if you need to pay any state taxes on inheritances as a foreign citizen who lives in the United States. We are here to assist foreign citizens who live in the U.S. with their complicated tax code. Call today to learn more about US Tax Help's tax accountants. For foreign citizens l