Ep 69: One Cross-Border Marriage and Two Filing Statuses: How The 6013h Election Can Help!

Failed to add items

Sorry, we are unable to add the item because your shopping basket is already at capacity.

Add to cart failed.

Please try again later

Add to wishlist failed.

Please try again later

Remove from wishlist failed.

Please try again later

Follow podcast failed

Unfollow podcast failed

Ep 69: One Cross-Border Marriage and Two Filing Statuses: How The 6013h Election Can Help!

Listen for free

View show details

We discuss the 6013h election, a tax provision that allows certain non-residents to file as U.S. residents.

We explore eligibility criteria, the benefits of filing jointly, and the potential drawbacks, including the requirement to report worldwide income.

We emphasize the importance of consulting a tax professional before making this election and clarify common misconceptions about related tax codes.

Key Takeaways

The 6013h election allows non-residents to file as tax residents.
Eligibility for the election includes being married and both spouses being present in the U.S.
Filing jointly can lead to lower tax brackets and higher deductions, but requires reporting worldwide income and assets.
Once made, the 6013h election can only be revoked before the tax deadline.
The election locks you into joint filing unless certain conditions are met.

Chapters

00:00 Understanding the 6013h Election
03:14 Eligibility and Limitations of the 6013h Election
06:13 Benefits and Drawbacks of Filing Jointly
09:47 Final Thoughts and Resources

Episode Links and Resources

Ep 7: Section 6013(g) - Non-resident, Non-citizen, filing taxes with a U.S. citizen
When the Nonresident Spouse Becomes U.S. Enough for the IRS!

-----------------------------------------------------------------------------

The IM Café Finance / Tax Roastery (Store) Is Live

Grab "the Comprehensive Checklist for Foreign Nationals on Work Visas Leaving the U.S." currently on sale, to celebrate our 50th episode.

If you'd like to work with us on your finances or taxes, check out the process

---------------------------------------------------------------------------------

Be sure to join the conversation by visiting our page: The International Money Cafe

Or by following us on social media:- LinkedIn; Instagram; Twitter (X); Facebook.

------------------------------------------------------------------------------------
The speakers' views and opinions discussed in this episode should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.

No reviews yet