Impact of Citizenship and Residency on Taxation
CASE STUDY INTRODUCTION The setting: a technology company, TechWheel, with three founders, Nico, Dev and Asha. Nico and Dev have been close friends since college and once they started working, they played basketball in the evenings at a local indoor court, where they met and befriended Asha. Together, they founded Tech Wheel in 2004. They […]
QSBS Eligibility upon Company Exits
CASE STUDY INTRODUCTION In this issue of Parallel Universes (similar situation, different residency), we address exits from a company with relation to QSBS eligibility. Consider an Indian citizen living in the US vs a US Citizen living in India. How is the outcome dramatically different for the Indian citizen in the US on an H1B […]
US Residency, Green Cards & Tax Implications
CASE STUDY INTRODUCTION This case study meets Saroja and Satyam, both Indian citizens and widows with children in the US. We will discuss some of the factors that they will consider while deciding to move to the US on a Green Card. From Saroja’s Perspective What Saroja loved most about her life in Chennai, aside […]
