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To: Ilaine who wrote (19304)5/24/2002 9:01:36 PM
From: Moominoid  Read Replies (1) | Respond to of 74559
 
Thanks -

But I did study tax in law school (individual and corporate), and I do pore over tax publications, both online and in the law library, in order to master the fine points.

Yes, and I am an economics professor :) Kind of sad we need such qualifications to make sense of the system!

When I was a foreign student in the US none of us could even work out how many personal deductions we were meant to be making....

Main issues will be dealing with foreign investments including claiming the foreign tax already paid and expenses on foreign investments and then work related expenses in the US as well as US investments. Then the moving expenses you mentioned. Being a US resident will at least make things clearer than they were as a maybe non-resident alien and the tax treaties and stuff I got involved in. In the end I paid no US tax during my last stay in the US (when I was a professor on J-1 visa)... I claimed it back with the help of a lawyer filing for me. What is a little annoying is going to be paying social security taxes that I didn't have to even pay up front last time. Until you work 10 years in the US as an LPR or become US citizen you will never be able to claim any benefit from it.

David