Hi,
anyone know if a Brazilian resident for tax purposes must declare the stimulus check money received by the US? Is this taxable income in Brazil, even though it is not taxable income in the US?
Hi,
anyone know if a Brazilian resident for tax purposes must declare the stimulus check money received by the US? Is this taxable income in Brazil, even though it is not taxable income in the US?
That is kind of a case-by-case issue. The IRS does not consider income and is not taxable in 2020 or 21.
Did it get deposited into a BR bank?
05/26/22 @TexanbrazilI am in the same situation. I did not receive the money here in Brazil. My Brazilian accountant is at a loss how to describe it.- @Nin7
05/26/22 Devorah here to help again!You DO NOT have to pay taxes HERE in Brazil on your stimulus check to the federal or state government BUT, BUT, you Do have to pay heavy taxes to the bank if you go through a Brazilian bank to deposit the check. They will NAIL you with off the wall fees and your check will take over a month to clearGod bless.
05/29/22 @devorahmichaela Home Country Bank Accounts for Expats