So you have an E-1 visa to enter the U.S. What are the tax issues?
The E-1 visa is issued to individuals from a Treaty Country that are engaged in international trade. The E-1 visa allows the individual to live and work from the U.S. for a 2 year period.
A list of treaty countries can be found here:
As an E-1 visa holder, you will generally meet the substantial presence test to become a U.S. tax resident. U.S. tax residents must file Form 1040, FBARs, and all related forms and schedules required of U.S. tax residents.
It is possible to have an E-1 visa and not meet the substantial presence test, however, you will still likely need to file a Form 1040-NR to report your U.S. source income and pay taxes.
IRS Form 1040:
IRS Form 8840 Closer Connection:
IRS Form 1040-NR Example:
Do I Need Form 1040-NR:
Election to Treat Rental Income as ECI:
U.S. Tax on FDAP Income:
Nonresident Sale of Stock:
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DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal or accounting strategies demonstrated in this video. This description includes links to affiliates. I may earn a commission or referral bonus if you use these links to purchase products or services from the providers. Thank you.
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