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Illegal Immigrant (1 viewing) (1) Guest
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TOPIC: Illegal Immigrant
#703
great1 (User)
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Illegal Immigrant 10 Months, 1 Week ago Karma: 0  
Do illigals need to get an ITIN if they want to pay income taxes? If they file will they be exported because they are here illegal?
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#709
Sumo (User)
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Re:Illegal Immigrant 10 Months, 1 Week ago Karma: 5  
If you're referring to a Tax Identification Number "TIN", it is only required if you are a business. In order to file and pay taxes, individuals need a social security number. If an individual wants to pay taxes, they can, but they would have to have a SSN. You do not have to be a legal resident or citizen to pay taxes. There may or may not be a method for filing taxes without a social security number.
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#972
Jackie (User)
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Re:Illegal Immigrant 8 Months, 2 Weeks ago Karma: 3  
Can I change the scenario a bit. So lets say there's a foreign investor (an individual) who buys property in the U.S. and then later sells it for a profit. How would they report that? Do they even have to report it? Do they pay taxes it on?
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#974
steve (Moderator)
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Re:Illegal Immigrant 8 Months, 2 Weeks ago Karma: 3  
Great question. When you sell property, real estate agents obtain a copy of your driver's license or passport. The purpose is to determine if they need to withhold taxes from the sale of the property under Foreign Investment in Real Property Tax Act of 1980 (FIRPTA).

If the seller is entitled to a refund, s/he must file a tax return showing the actual gain/loss.

See the link below for more details. http://www.irs.gov/businesses/small/international/article/0,,id=105000,00.html<br><br>Post edited by: steve, at: 2008/03/05 01:04
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#977
Tia A. (User)
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Re:Illegal Immigrant 8 Months, 2 Weeks ago Karma: 4  
So how do they assign tax liability or refund. The foreign investor would not have a social security number? Do they issue him one, or some other temporary number? How does that work exactly? A bit confused?
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#978
Tia A. (User)
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Re:Illegal Immigrant 8 Months, 2 Weeks ago Karma: 4  
So how do they assign tax liability or refund. The foreign investor would not have a social security number? Do they issue him one, or some other temporary number? How does that work exactly? A bit confused?
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