Include Global Income When Filing as Resident Alien

Per US Law/IRS Rules all Resident Aliens/Green Card Holders/Citizens need to include their global income when filing their Federal return. This means they have to include income from all sources which they earned in US or any other country even while they were not in US. You may not be double taxed based on the US Treaties with different countries, that means the tax paid in other country is credited back to you in your return based on certain formulas. 

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What is global Income?

• Any interest income that you earn in any country on Savings/FDs

• Any Dividends that you receive from stocks/mutual funds in any foreign country

• Any Rental Income of the Property that you rent in foreign country

• Any Salary Income that you receive from foreign country even though you were not staying in the country.

• And any other income that you might have …

 

All the above income are for the calendar year from Jan to Dec as US Taxes for Individuals are based on the calendar year.

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Why should include my Income from Other Countries? I have already paid Tax there?

This is the law, and you are bound by the law. There can be a contrary question, as to why should we claim the benefits for the whole year for everyone in the family even though they were  not staying for the whole year in the country.