All,
I have questions regarding tax returns for parents, who will not have any income in the US, but my father has an income abroad. I read that they still need to file 1040. I hope somebody can help or if youve had any experiences, please share it.
1. Since they will not have any income in the US, I would think they will need to include their banks interest only. What about their income back in their country? Would Tax Treaty between the US and that country make any difference in filing?
2. I filed I-864 to sponsor them for the green card, which means I can claim them as my dependents, right?
Thanks a lot in advance.
Help: Tax Questions For GC Holders (parents)