sam_hoosier
08-26 01:47 PM
I know this is not the Forum to discuss this matter.
But I hope this should answer some questions
1. Home Loans if the Loan is taken from a US Bank/Mortgage lender
then it is Tax deductible because they send out a 1040 at the end of Tax year.
2. But if the Home Loan is taken from a a NON-US Bank, then it is not Tax deductible in the US. As they do not send out a 1040.
I am not sure thats correct.
Per IRS regulation Section 163 (C), as well as Publication 936, interest paid on primary and secondary residences up to an aggregate one million dollars in loan amount is tax deductible. The IRS regulation does not specify that the home must be located in the United States, and thus it seems logical that interest paid on a home loan on property in India is in fact deductible
(please consult your tax advisor for applicability to your specific tax situation).
But I hope this should answer some questions
1. Home Loans if the Loan is taken from a US Bank/Mortgage lender
then it is Tax deductible because they send out a 1040 at the end of Tax year.
2. But if the Home Loan is taken from a a NON-US Bank, then it is not Tax deductible in the US. As they do not send out a 1040.
I am not sure thats correct.
Per IRS regulation Section 163 (C), as well as Publication 936, interest paid on primary and secondary residences up to an aggregate one million dollars in loan amount is tax deductible. The IRS regulation does not specify that the home must be located in the United States, and thus it seems logical that interest paid on a home loan on property in India is in fact deductible
(please consult your tax advisor for applicability to your specific tax situation).
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andycool
04-12 12:02 PM
no answer ?
May be they had some other Add Already posted :cool:..
May be they had some other Add Already posted :cool:..
jonty_11
07-11 12:16 PM
Now all those who have just become current...its lottery.!!!!
See if you hit the jackpot by Aug End.
See if you hit the jackpot by Aug End.
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kate123
02-25 05:17 PM
I would be the most happiest person if that happens :D
i think dates won't (and should not ) move much. So at the end of year we can see big jump and then may be people like me can file i-1485.
Thank's
mdix
i think dates won't (and should not ) move much. So at the end of year we can see big jump and then may be people like me can file i-1485.
Thank's
mdix
more...
alterego
02-20 04:15 AM
I am not entirely sure about the 1% number. I feel it may be somewhat higher than that.
If indeed the ratio is 1%, then things are very dire, since with the economy as it is, we probably will not see any expansion in EB immigration in the near term.
Additionally the L1-EB1 route as multinational manager is very much alive and well, and is arguably the preferred and probably only viable route for any Indian prospectively attempting to immigrate to the USA. The numbers of such applicants might be larger than we know. If anyone has any data on that and specifically about the change in those numbers ever since retrogression hit, please post it.
In all honesty, I know the guys applying anew need a little hope and encouragement, but with perhaps 300K people and rising ahead of you in the EB India queue and slim to none chance of EB expansion in the near term, what are the odds of getting through that line in the next decade?
If indeed the ratio is 1%, then things are very dire, since with the economy as it is, we probably will not see any expansion in EB immigration in the near term.
Additionally the L1-EB1 route as multinational manager is very much alive and well, and is arguably the preferred and probably only viable route for any Indian prospectively attempting to immigrate to the USA. The numbers of such applicants might be larger than we know. If anyone has any data on that and specifically about the change in those numbers ever since retrogression hit, please post it.
In all honesty, I know the guys applying anew need a little hope and encouragement, but with perhaps 300K people and rising ahead of you in the EB India queue and slim to none chance of EB expansion in the near term, what are the odds of getting through that line in the next decade?
Macaca
09-12 01:19 PM
Skilled legal immigrants from all over US will rally peacefully in Washington DC on Sep 18 at 9:00 AM. The rally wants to draw Congress's attention to 10+ year delays in skilled employment based (EB) immigration. The rally is being organized by Immigration Voice (http://immigrationvoice.org), a non-profit grassroot advocacy group of skilled EB immigrants from all countries.
It takes 7+ years (after 2+ years on student visa followed by 1 year on practical training) to become a resident. Some of these immigrants have returned to their countries (or gone to other countries) causing reverse brain drain: educating immigrants on tax payer dollars to compete against the tax payers. There are 1+ Million immigrants in EB immigration process.
EB immigrants have patiently waited 2+ years with focus on every other kind of immigration reform. This is inspite of the fact that EB immigration has the simplest solution: increase EB immigrant quota and streamline EB immigration process.
Skilled EB immigrants are scientists, engineers, business administrators, health care professionals, ... These immigrants are college educated but also have US MS and US PhD.
EB immigrants have generated millions as Visa Education and Training Fee (http://www.bibdaily.com/pdfs/CRS%20H1B%20fees%20Jan%202007.pdf) (through visa application fee) and contributed billions to Social Security System (http://www.aila.org/content/default.aspx?docid=12396).
Please cover the rally and EB immigration issues during rally week.
It takes 7+ years (after 2+ years on student visa followed by 1 year on practical training) to become a resident. Some of these immigrants have returned to their countries (or gone to other countries) causing reverse brain drain: educating immigrants on tax payer dollars to compete against the tax payers. There are 1+ Million immigrants in EB immigration process.
EB immigrants have patiently waited 2+ years with focus on every other kind of immigration reform. This is inspite of the fact that EB immigration has the simplest solution: increase EB immigrant quota and streamline EB immigration process.
Skilled EB immigrants are scientists, engineers, business administrators, health care professionals, ... These immigrants are college educated but also have US MS and US PhD.
EB immigrants have generated millions as Visa Education and Training Fee (http://www.bibdaily.com/pdfs/CRS%20H1B%20fees%20Jan%202007.pdf) (through visa application fee) and contributed billions to Social Security System (http://www.aila.org/content/default.aspx?docid=12396).
Please cover the rally and EB immigration issues during rally week.
more...
NJtx2000
12-19 12:13 AM
My wife�s visa and I-94 are on maiden name. I recently updated her passport to reflect married name. When I applied for her driver�s license, the DMV officer told me that they need to verify the name change with immigration. How do I inform immigration of the name change? What should I do to convince the DMV about her name change?
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senthil1
08-04 05:29 PM
H1b and GC are sponsered by employer and they have to pay. If employer asks employee to pay the expenses then that company is not legitimate and persons should avoid joining those companies. Most reputed companies will pay all the expenses of GC and H1b. Some will ask employees to pay for dependents EAD,AP etc.
Consulting companies ask employees to pay GC and H1b if employees want to work hourly. That means employees wanted more money and they are taking risk(Also working hourly is against the H1b regulations as they have more chance for falling out of status).
There's no law that employer should borne the cost of GC. I have spent almost 10K in my GC process until last year and 2K this year for EADs and APs. I spend about 3 K in one more GC process I started several years back which I abandoned because I changed the emloyer. I Spent 1000s of dollars in Visa stamping, H4 renewals. And yes I'm stuck for almost a decade. There are atleast 10 people I know who are in similar situations, so I'm guessing there'll be thousands in USA. These are facts it may not apply to you but does apply to lot of people here...
Consulting companies ask employees to pay GC and H1b if employees want to work hourly. That means employees wanted more money and they are taking risk(Also working hourly is against the H1b regulations as they have more chance for falling out of status).
There's no law that employer should borne the cost of GC. I have spent almost 10K in my GC process until last year and 2K this year for EADs and APs. I spend about 3 K in one more GC process I started several years back which I abandoned because I changed the emloyer. I Spent 1000s of dollars in Visa stamping, H4 renewals. And yes I'm stuck for almost a decade. There are atleast 10 people I know who are in similar situations, so I'm guessing there'll be thousands in USA. These are facts it may not apply to you but does apply to lot of people here...
more...
Ahimsa
02-26 03:42 PM
After 3 years and 3 months, my labor case is certified online today 2/26/07
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Libra
09-28 10:03 PM
hey dont worry abt application, i'll send you GC in mail.
Long live. Libra! :D When you do it , could you please find out my missing application from the mounds of USCIS documents, and push it through the system? :D
Regards,
IK
Long live. Libra! :D When you do it , could you please find out my missing application from the mounds of USCIS documents, and push it through the system? :D
Regards,
IK
more...
Macaca
09-12 01:19 PM
Skilled legal immigrants from all over US will rally peacefully in Washington DC on Sep 18 at 9:00 AM. The rally wants to draw Congress's attention to 10+ year delays in skilled employment based (EB) immigration. The rally is being organized by Immigration Voice (http://immigrationvoice.org), a non-profit grassroot advocacy group of skilled EB immigrants from all countries.
It takes 7+ years (after 2+ years on student visa followed by 1 year on practical training) to become a resident. Some of these immigrants have returned to their countries (or gone to other countries) causing reverse brain drain: educating immigrants on tax payer dollars to compete against the tax payers. There are 1+ Million immigrants in EB immigration process.
EB immigrants have patiently waited 2+ years with focus on every other kind of immigration reform. This is inspite of the fact that EB immigration has the simplest solution: increase EB immigrant quota and streamline EB immigration process.
Skilled EB immigrants are scientists, engineers, business administrators, health care professionals, ... These immigrants are college educated but also have US MS and US PhD.
EB immigrants have generated millions as Visa Education and Training Fee (http://www.bibdaily.com/pdfs/CRS%20H1B%20fees%20Jan%202007.pdf) (through visa application fee) and contributed billions to Social Security System (http://www.aila.org/content/default.aspx?docid=12396).
Please cover the rally and EB immigration issues during rally week.
It takes 7+ years (after 2+ years on student visa followed by 1 year on practical training) to become a resident. Some of these immigrants have returned to their countries (or gone to other countries) causing reverse brain drain: educating immigrants on tax payer dollars to compete against the tax payers. There are 1+ Million immigrants in EB immigration process.
EB immigrants have patiently waited 2+ years with focus on every other kind of immigration reform. This is inspite of the fact that EB immigration has the simplest solution: increase EB immigrant quota and streamline EB immigration process.
Skilled EB immigrants are scientists, engineers, business administrators, health care professionals, ... These immigrants are college educated but also have US MS and US PhD.
EB immigrants have generated millions as Visa Education and Training Fee (http://www.bibdaily.com/pdfs/CRS%20H1B%20fees%20Jan%202007.pdf) (through visa application fee) and contributed billions to Social Security System (http://www.aila.org/content/default.aspx?docid=12396).
Please cover the rally and EB immigration issues during rally week.
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harsh
03-16 02:03 PM
Would it help to call senator Specter's office to find out what he feels about the chances of his bill? Will it get a chance to go through all the amendements by the committe or Senate Leader will table his own bill on 27th?
more...
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spicy_guy
10-21 06:49 PM
I am still not sure, if its considered 8+2=10 months to complete the PERM labor or we should just consider 2 months from start. Every application should go through the first part of it ( in this case 8 months). Right?
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diptam
07-06 02:35 PM
More important is the last 48 hrs where they processed 25000 cases
AT-WILL.
Ohh this guy has a good first name - 485 granted.
Ohh this guy married twice,needs money - 485 granted.
Ooh this girl doesnt look good - 485 denied.
Ooh this girl has excellent looks - 485 granted.
Ooh This couple stayed EUROPE not so loyal - 485 denied.
and so on and so forth....
They were/are so busy approving cases that they donot have time to update the message. Everyone from Janitors to Execs have been working for the last week to approve those 66K cases.
AT-WILL.
Ohh this guy has a good first name - 485 granted.
Ohh this guy married twice,needs money - 485 granted.
Ooh this girl doesnt look good - 485 denied.
Ooh this girl has excellent looks - 485 granted.
Ooh This couple stayed EUROPE not so loyal - 485 denied.
and so on and so forth....
They were/are so busy approving cases that they donot have time to update the message. Everyone from Janitors to Execs have been working for the last week to approve those 66K cases.
more...
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Macaca
10-01 10:00 AM
As illustrated below, since 1994 there have been over 218,000 un-recaptured employment-based visas lost due to underutilization of the employment-based visas."
Some unused EB #s were recaptured for families in following year. For example, in 1994 there were 29,430 (column 2) unused EB #s. However, 27,721 (= 253,721 (column 3) - 226,000 (family quota)) of these #s were recaptured for families. Thus, only 29,430 - 27,721 = 1,709 (column 4) were un-recaptured.
Also, 50,000 unused EB #s from 01-04 were recaptured for Schedule A.
Finally, unused EB #s in 99 and 00 were recaptured, hopefully for EB.
Thus, unused EB #s are more important then un-recaptured EB #s (mentioned above) since some of them have not been recaptured for EB.
The unused EB #s is 506,384 (total column 2) - 98,941 (99 recaptured for EB) - 31,098 (00 recaptured for EB) = 376, 345
Annual Report to Congress June 2007 (http://www.dhs.gov/xlibrary/assets/CISOMB_Annual_Report_2007.pdf)
Some unused EB #s were recaptured for families in following year. For example, in 1994 there were 29,430 (column 2) unused EB #s. However, 27,721 (= 253,721 (column 3) - 226,000 (family quota)) of these #s were recaptured for families. Thus, only 29,430 - 27,721 = 1,709 (column 4) were un-recaptured.
Also, 50,000 unused EB #s from 01-04 were recaptured for Schedule A.
Finally, unused EB #s in 99 and 00 were recaptured, hopefully for EB.
Thus, unused EB #s are more important then un-recaptured EB #s (mentioned above) since some of them have not been recaptured for EB.
The unused EB #s is 506,384 (total column 2) - 98,941 (99 recaptured for EB) - 31,098 (00 recaptured for EB) = 376, 345
Annual Report to Congress June 2007 (http://www.dhs.gov/xlibrary/assets/CISOMB_Annual_Report_2007.pdf)
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bostonian28
08-06 05:23 PM
I think we need to emphasize the fact that typically guys who got stuck in BEC for many years are the same guys being effected again, as they just got out of BEC queue and filled concurently and now basically are stuck again, it is really ridiculous experience for this group of applicants, where as people who have applied in PERM or those who were able to get LC certified without getting into BEC have gone through the whole process relatively smoothly....
My 2 cents, based on my experience.
My 2 cents, based on my experience.
more...
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pappu
02-09 08:40 PM
Thanks Pappu. I have scheduled next conf call for Friday, 2/9 at 7.00 PM PST. Call 641-297-5900 PassCode 562404. Would you care to join?
I am joining.
I am joining.
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singhsa3
09-12 01:50 PM
These are all good thoughts but what u are suggesting takes some time.
The issue has two legs:
Leg 1: Process fix
Leg 2: Increasing number of greencards
What I am talking about is leg 1 and what you are talking about is for leg 2
and both are required.
Sanjeev - I personally feel there is no easy solution for this. Our efforts must be well organized and there has to be geniune effort. A lot of people who post here are all frustrated and angered and they channelize their anger and frustration through these forums whereas instead if it is channelized in a positive way - our campaigns will be more effective and we can reach our goals.
The issue has two legs:
Leg 1: Process fix
Leg 2: Increasing number of greencards
What I am talking about is leg 1 and what you are talking about is for leg 2
and both are required.
Sanjeev - I personally feel there is no easy solution for this. Our efforts must be well organized and there has to be geniune effort. A lot of people who post here are all frustrated and angered and they channelize their anger and frustration through these forums whereas instead if it is channelized in a positive way - our campaigns will be more effective and we can reach our goals.
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sam_hoosier
03-19 12:10 PM
Not sure if anyone else has faced this so wanted to put this out: I own a home and have a loan on it since 2003 (I was on H1 when i took the loan), now that the ARM is about to adjust i am in the market for refinance.
There is however a question on all the loans underwritten by freddy/fanny asking for immigration status and if the answer is EAD the loan is denied. They even sent me an explanation of denial.....:confused:
I was in the exact same boat 3-4 months ago. I had even paid $ 400 for appraisal and at the last minute the lender backed out.
However, I have managed to secure refinancing at a substantially lower rate with a different mortgage company. Send me a PM and I can let you know the details if you are still in the market for a refi.
There is however a question on all the loans underwritten by freddy/fanny asking for immigration status and if the answer is EAD the loan is denied. They even sent me an explanation of denial.....:confused:
I was in the exact same boat 3-4 months ago. I had even paid $ 400 for appraisal and at the last minute the lender backed out.
However, I have managed to secure refinancing at a substantially lower rate with a different mortgage company. Send me a PM and I can let you know the details if you are still in the market for a refi.
imv116
07-15 09:04 PM
The problem I see with Los Angeles is the high population of illegals. Any thing here looks like pro-illegal.
Doing the rally in other cities in Los Angeles County or Orange County is the media visibility that we can get.
Any suggestions from SoCAL members?
-imv116
Doing the rally in other cities in Los Angeles County or Orange County is the media visibility that we can get.
Any suggestions from SoCAL members?
-imv116
shi120
12-27 03:35 PM
I am in the same boat, was planning to leave for India on 12/25 had to cancel tickets. My spouse is on an F1 and hence cannot re-enter without AP. Tried to expedite by contacting CSC, senator, congress rep. Know that it has been approved, but is waiting for production which could take 2-4 weeks. Applied on 08/03, notice date 09/13, supposedly approved on 12/12 awaiting production. This has been really frustrating. If you are on a valid H or L visa you can come back on it without any issue.
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