Fiancee Assets Overseas

[Johnny from Cali 0]

Hi everyone,

My fiancee just got approved and is scheduled for a k1 visa interview soon and she is planning to purchase a condo before she depart the phililipines for her mom to live in. She's planning to the have the condo under her name. Does anyone know if she have to pay taxes/report to IRS on that property? How about the time deposits accounts she has overseas? Is it best to just leave it there or withdraw all of it and move it to accounts here in the states when she comes over?

Thanks.

[baron555 934]

Hi everyone,

My fiancee just got approved and is scheduled for a k1 visa interview soon and she is planning to purchase a condo before she depart the phililipines for her mom to live in. She's planning to the have the condo under her name. Does anyone know if she have to pay taxes/report to IRS on that property? How about the time deposits accounts she has overseas? Is it best to just leave it there or withdraw all of it and move it to accounts here in the states when she comes over?

Thanks.

The IRS doesn't operate in the Phils.

[Johnny from Cali 0]

Thanks baron. If that's the case, I guess there's no worries about her purchasing a condo or moving any of her assets over and just leave all over there at least for now. I'm thinking she will have to report if she has interest coming from time deposits after we get married. Is that correct? Or is the interest so minimal that we shouldn't even have to worry about it?

Hi everyone,

My fiancee just got approved and is scheduled for a k1 visa interview soon and she is planning to purchase a condo before she depart the phililipines for her mom to live in. She's planning to the have the condo under her name. Does anyone know if she have to pay taxes/report to IRS on that property? How about the time deposits accounts she has overseas? Is it best to just leave it there or withdraw all of it and move it to accounts here in the states when she comes over?

Thanks.

The IRS doesn't operate in the Phils.

[Guitarlo 2]

Hi everyone,

My fiancee just got approved and is scheduled for a k1 visa interview soon and she is planning to purchase a condo before she depart the phililipines for her mom to live in. She's planning to the have the condo under her name. Does anyone know if she have to pay taxes/report to IRS on that property? How about the time deposits accounts she has overseas? Is it best to just leave it there or withdraw all of it and move it to accounts here in the states when she comes over?

Thanks.

Only the petioner needs to be concerned with providing evidence of income/support. The USCIS doesn't care about the Fiancee's financials. It's great to hear your nobya can take care of her mom.

I just married my Pinay 10-14-09 in Minneapolis and she brought her 11-year old son with her. Welcome to the PROCESS! And good luck with St. Lukes in Manila. The Manila embassy was great to deal with for me though. I got the number to call into the non immigrant VISA dept and the girls there always knew where my papers were and the status. It was helpful to call in and watch yoru case. The embassy mispelled her name once and as she was about to board a plane to the USA was turned around because the Embassy has incorrectly checked her son to be "female." Tip. Check and check again every document and piece of paper for screw ups.

[Gary and Alla 3,694]

Hi everyone,

My fiancee just got approved and is scheduled for a k1 visa interview soon and she is planning to purchase a condo before she depart the phililipines for her mom to live in. She's planning to the have the condo under her name. Does anyone know if she have to pay taxes/report to IRS on that property? How about the time deposits accounts she has overseas? Is it best to just leave it there or withdraw all of it and move it to accounts here in the states when she comes over?

Thanks.

We own property in Ukraine and do not pay taxes to the US on it. No, she does not pay property tax to the US. Alla put her money into a bank account in Ukraine and withdrew it by ATM here. It is not "income" and subject to tax if she made the money previously outside the US (It is subject to PI tax I presume)

[Johnny from Cali 0]

Thanks everyone for your advice and support. I appreciate it a lot. The interview is scheduled for next month. I can't wait to go over there and be there for her at the interview and spend our first xmas and new years together. =)

[Gary and Alla 3,694]

Thanks everyone for your advice and support. I appreciate it a lot. The interview is scheduled for next month. I can't wait to go over there and be there for her at the interview and spend our first xmas and new years together. =)

She can also just bring cash or cashiers checks here in any amount. If it is over $10,000 USD she must declare it, but they do not tax it. A one time transfer of funds is not a problem. The law is designed to catch money-launderers, drug dealers and Democratic Governors paying WAY to much for prostitutes.

Ukraine has a hissy fit if you try to take ANY of its currency from the country, though we always keep enough to get us started when we return for visits. At the time Alla came the Hryvnia was unstable (actually it was strong at the time but about to go over the cliff and everyone knew it) and no one wanted to give her US $ for it, so she deposite dher money in the bank (something Ukrainians do not like to do) and then withdrew it here with her ATM card in US $. You may not have such troubles and could just take cash or a cashiers check.