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枫下茶话 / 美国话题 / anyone please tell me, if I elect to be a full year resident alien for 2007, do I need to report my Canidian income received before I arrived US? Thanks
-aya05(aya05);
2008-3-2
(#4302834@0)
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According to Publication 519-chapter3: exclusions from gross incomeIf you are physically present in a foreign country or countries for at least 330 full days during any period of 12 consecutive months, you may qualify for the foreign earned income exclusion. So I don't need to report, am I right?
-aya05(aya05);
2008-3-4
{231}
(#4307821@0)
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As a full year resident you need to report the Canadian income before you moved to the US to IRS. You need to report your world income from all sources to the IRS. But you can reduce the US tax by form 2555 or form 1116you would be reporting Cdn income on your 1040, you would have 2 methods of reducing the US tax on that income: excluding most it by Form 2555, or taking a credit for the Cdn tax using Form 1116.
-kwirky(kwirky);
2008-3-4
{195}
(#4308676@0)