What are the rules for paying inheritance tax for green card holders living in the U.S.?
A resident alien will be required to report any type of income; wages, interest, inheritance, dividends, property, royalties, and other types of income on your tax return. You are required to report this income whether you are from the United States or not. Remember, a green card holder is liable and responsible for taxes and interest the same as New York and United States citizens. It is required to report this information so the correct tax amounts can be paid so the inheritance is free and clear, after you receive it. Paying the taxes and interest on the inheritance before you get the money will ease your mind and won’t leave you in debt later.
