Many Indian students studying in the U.S.on F-1 visas are facing confusion and stress regarding tax residency rules as they apply for H-1B work visas.
Compliance paranoia arises when US Certified Public Accountants argue that participation in the lottery or a pending status adjustment application represents intent to become a permanent resident, thereby refusing to endorse tax returns where individuals claim non-resident status.
This step is often taken to ensure compliance with U.S.tax regulations and to mitigate the risks associated with being classified as tax residents.""Foreign students or workers fear running afoul of complex tax regulations, which can result in penalties or double taxation.
The story "Indian students face tax residency challenges in US amid H-1B applications" has 947 words across 32 sentences, which will take approximately 4 - 8 minutes for the average person to read.
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The story "Indian students face tax residency challenges in US amid H-1B applications" was covered 8 hours ago by Business Standard, a news publisher based in India.
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