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All US states have their own policy on what they consider "residency" and what they consider a taxable resident. So for example, California has income taxes while Nevada does not. Lets IMAGINE that Nevada says you can be a resident after a month, California has completely different requirements in determining whether it expects you to pay tax there, ...


4

Since California is the state with the highest state income tax, I assume they have the highest burden for proving you are no longer domiciled there. In fact they themselves point out that they are one of the few states to distinguish between residency and domicile. From CA Publication 1031: Meaning of Domicile The term “domicile” has a special legal ...


3

A bonus is taxed by the IRS as ordinary income. And so is this payment for moving expenses. Sometimes they allow you to decide if you want it tacked onto a regular check or as a separate check. When done separately it is withheld at a flat rate. That flat rate is currently at 22%. If it is done as part of a regular check it will cause a significantly ...


2

As a has-done-it I'd like to attempt answering. Please feel free to ask for clarifications/edits if I miss anything. How much time does it take to open a bank account in US? And what is the best way to transfer the money that I have in India to US? And what would be the tax implications for the same? It is usually a same-day process esp going through a ...


2

TL DR: If you are subject to US tax, you should instead consider converting your assets to US based assets to avoid complex and unfavorable tax treatment of your investments. Most ETFs held outside the US are considered PFICs (Passive Foreign Investment Companies) and are given unfavorable tax treatment. This article gives a bit of a summary: https://...


1

As @Four_lo said, you need to evaluate all the costs associated with the buy and all the costs associated with renting. From there you need to figure out what kinda rent you can charge for the property after you move out. From that you need to subtract management costs, since you likely won't fly to the US anytime your renter has a problem or something ...


1

Not factoring in changes in value to the market take: the cost of borrowing + property tax + 100-300(home repair and possibly first time buyers insurance). Compare that to the cost of rent. Renting also has small additional costs. Buying small is a better financial choice because you'll pay less in interest.


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