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2
votes
1answer
138 views

What's the tax rate on Roth IRA contributions for a nonresident alien?

I am considering open a Roth IRA account and I was wondering how much I'll be taxed on my deposits. I am a nonresident alien for tax purposes, and I read online that I would be subject to a 30% rate. ...
1
vote
0answers
13 views

Best option for transferring Euros into Indian NRE account? [duplicate]

I have a bank account in EU in euros and want to remit some funds to my Indian NRE account. What is the most efficient way to remit the funds to my NRE account: Which methods give the best currency ...
1
vote
0answers
94 views

Sample of first-year choice statement to be treated as dual-status alien

I am going to make a first-year choice to be treated as dual-status alien for year 2013. Publication 519 says that to make the choice: You must attach a statement to Form 1040 to make the ...
0
votes
1answer
83 views

I am not a US Citizen But Can co own the LLC company with my US National Cousin?

I am in India and I provide projects to Indian companies that i get from US, but lots of companies asking me to open a LLC company and Bank account as they feel comfortable in paying in my US account ...
2
votes
2answers
41 views

Conversion of House Sale Proceeds in INR to USD or CDN$ for transfer to Canada

I am a Canadian Resident that just sold my house in India and I understand I can repatriate the proceeds in INR converting to US$ or CDN$ in my NRE account and then move it to my Canadian Bank. Which ...
2
votes
1answer
113 views

I am an Indian citizen residing in the US on H-1B. Can I send my earnings to India to my regular Savings Bank Account?

I am in the US on H-1 B. I understand NRE, NRO and FCNR accounts are available to the Non resident Indians. But can't I continue to use my regular Savings Bank Account for sending money to India? ...
4
votes
2answers
141 views

Born in the U.S.A., but I have no SSN & I live in Canada. Must I file a U.S. income tax return each year?

I was told when I applied for my U.S. passport years ago that as long as I had never worked in the United States and did not have a SSN, then I did not have to file taxes. This is what the U.S. ...
4
votes
1answer
299 views

Tax Question for US Citizen moving abroad

I am an American Citizen moving to Argentina and will continue to work for my US based company. Should I be paid offshore to establish the foreign earned income exclusion or it does not matter?
2
votes
1answer
376 views

Non-Resident Alien investing in a Vanguard mutual fund: is this allowed?

first a little bit of background about me. I'm a phd student on an F1 visa. I have been in the US for a little over 2.5 years and I expect to stay here for about the same length of time. Because I've ...
1
vote
1answer
635 views

Can I transfer money from an NRE account to a USA checking account?

I want to transfer some money from USA checking account to my Indian NRE account to get the benefit of a good interest rate. But when I need this money back in USA, can I transfer money from my NRE ...
0
votes
0answers
252 views

which banks (and where) in Europe allow non-residents to open accounts with a single visit (or even none at all)?

Which banks and where in Europe allow to non-EU resident (eg from Russia) to open a bank account, requiring only a single visit in person (or, ideally, completely remotely, with no visit at all--doing ...
3
votes
1answer
339 views

Can F1 OPT +H1B claim tax treaty benefits

I have been in USA for about two and a half half years on F1 visa. In 2013 I was on at F1 and F1 OPT till 30 September 2013. After that I switch to H1B status. I am a nonresident alien for tax ...
0
votes
1answer
26 views

Taxes with 1040 NR form

A NR alien don't need to pay SSN and Medicare taxes, so my question is, would I have to pay these taxes in addition to Federal and State taxes? Or is there a form that I need to submit to my employer ...
1
vote
2answers
477 views

U.S. citizen living abroad: How do I declare my income and file for taxes if I've been delinquent in filing?

I'm 26 and have lived outside the U.S. all my life. I never filed a U.S. income tax return. I know nothing about doing my taxes, and would like to file for the years that I neglected to before the ...
1
vote
1answer
68 views

Indian Citizen Resident in India with overseas LLC Company in USA

I am a Indian Citizen residing in India. I had formed a LLC company in USA as the only member. However after formation and obtaining Tax ID from IRS I did not run the company as in there was no bank ...
5
votes
1answer
97 views

What happens when a non-U.S. citizen who's been making money from the U.S. moves to the U.S.?

So I've been making money from the US over the Internet, money that has been wiring from affiliate companies, PayPal, and Google to my home country. I never reported any taxes because of my non-US ...
1
vote
0answers
35 views

capital gains on oversea property for non-resident of Canada

I live overseas in Belize and have for over 5 years and other than my Canadian Passport I have no other ties to Canada. I'm considering selling my house in Belize and with the proceeds from the sale ...
4
votes
2answers
1k views

I am not a U.S. citizen. What happens to my 401K if I have to go back to India?

I am not a U.S. citizen. What happens to my 401K if I have to go back to India? Can I distribute (withdraw) my money at that time without paying the penalty?
7
votes
1answer
163 views

Capital gains taxes on share of inherited property?

I along with my cousins just sold some real property located in in Quebec that was inherited from our grandfather to our parents, and then to us. I received a 1/8 share of the proceeds which amounts ...
5
votes
2answers
608 views

Bank account in Germany for non-residents?

I'm an EU citizen currently working in Germany. I have a bank account there, but when my contract ends, I'll probably migrate to other country, but it's likely I'd return there after some time. I ...
7
votes
3answers
844 views

Opening American credit cards while residing in the UK

In order to introduce the context of the question, I am a UK citizen with a good credit rating and no debts who currently resides in the UK, and do not currently own property in the US. In reference ...
3
votes
1answer
193 views

Opening personal bank account in Marbella, as a non-EU resident

I'm going to Marbella, Spain, soon. I would like to open an account in one of banks of that place during my times there. Could you suggest how hard is it to do for non-resident of the country? I'm ...
2
votes
2answers
887 views

What capital gains taxes do non-resident Canadian citizens owe?

I live in the Caribbean. I remain a Canadian citizen, but a few years ago I declared myself a non-resident for tax purposes. Assuming I have no income in the Caribbean, and I make $100,000 on stocks ...
0
votes
2answers
1k views

A non-US citizen getting a US credit card

I'm a non-US citizen who would like to get a credit card from the US for iTunes Store US purchases. Up until now I've been purchasing iTunes Gift Cards from Apple Store US but now it seems that they ...
2
votes
3answers
5k views

U.S. credit/debit card for non-U.S. citizens to use on e-commerce sites to buy digital goods, e.g. ebooks?

I am neither a U.S. citizen nor resident there — I live in southeast Asia. I want to be able to buy Kindle ebooks on Amazon.com, and to shop on other U.S.-based e-commerce websites for digital ...
3
votes
1answer
785 views

Can a Canadian resident in the US transfer funds from one RRSP to another?

Once a Canadian resident moves to the U.S., the most common tax advice is to leave any RRSP in place in Canada because attempting to convert to an IRA or otherwise withdraw the money has some horrible ...
8
votes
2answers
2k views

U.S. citizen hired in U.S. but working and resident abroad. How should my employer be handling my taxes?

I am a U.S. citizen living abroad. I was hired as an employee of a small U.S. company with the understanding that I would be working from outside the USA. I am pretty sure my employer is not ...
4
votes
1answer
454 views

Non-tax-resident of Canada needs to pay taxes for investment account earnings?

if a person were to be a non-resident of Canada without jobs, a spouse, kids, asset (houses, cars etc.) in Canada, then that person would not be obliged to file a tax report. However, if that person ...
4
votes
1answer
1k views

Buy US ETF as foreigner — a bad idea?

I'm considering to buy index ETFs from US through TD Ameritrade, but as a non-resident alien (foreigner), my main concern is the 30% withholding tax on: all dividend (especially the bond ETFs) ...
1
vote
1answer
38 views

Indian working in Canada has income in US (Sold shares) - How to file taxes/file for extension?

I am an indian citizen working in Canada on work permit. For year 2012 I was never in the US. The only income I had in US is when I sold shares + some small interest in savings account. I am neither a ...
1
vote
1answer
77 views

Can a foreigner filing US taxes as resident claim Lifetime Learning credit?

Since I am married to a US citizen, I can make an election to file my taxes as a resident. Both me and my wife are graduate students and have been paying tuitions for 2012. If we file MFJ, can both ...
2
votes
1answer
213 views

As a Canadian citizen living as a legal resident in the United States, with no income: do I need to file in Canada?

I am a Canadian citizen but I married an American and live as a legal resident in the US. My husband supports us and I did not bring in any taxable income in 2012. Do I need to file a Canadian ...
3
votes
2answers
118 views

Does business income generated while physically present in NY count as New York Source income?

Question Is some or all of any business income generated from my Wyoming business qualify as New York source income while I'm physically present in NY? Background I run an IT consulting firm (LLC ...
5
votes
1answer
287 views

What is a better way for an American resident in a foreign country to file tax?

I usually file my taxes using turbo tax. Last year I moved to a foreign country and I tried to file my tax again using turbo tax, but I feel like it's confused about some parts: Turbo tax doesn't ...
6
votes
2answers
591 views

Personal bank account in the U.S. opened while on a J-1 Visa: Can I still use it?

The last time I was on U.S. soil was in 2011 on a J-1 Visa. I opened a personal bank account with Bank of America in California. I didn't close it when I left. I still have money in the account and I ...
1
vote
1answer
79 views

Determining resident status when filling W-4 form in

I just arrived to US because of a post-doc position in an IT company, under a J-1 visa (research scholar). I have been told by the company to fill W-4 form in. But, it seems that W-4 form must be ...
5
votes
4answers
2k views

Do I have to close my US bank account because I'm leaving the country?

I moved over to the US from the UK with my job but am now moving back to the UK. As I was an HSBC Premier customer I automatically qualified for a Premier Account in the US and didn't have to supply ...
2
votes
1answer
2k views

Opening a bank account in the USA as a foreigner

I am a mozambican citizen and would like to know whether i can open a bank account in the usa. I don't live in the usa but am planing to buy a house and put it on rent. What requirements would I need ...
2
votes
1answer
372 views

Locating a CPA/EA who is well versed in non-resident taxes

I asked a few questions (F1 student, as a non-resident, filing married separate tax return with US Citizen wife, F1 student, as a non-resident, filing a joint tax return with US Citizen wife) in an ...
-1
votes
1answer
167 views

Can the alien husband of a US Citizen choose to file as a non-resident

I have been in the US on a F1 visa for just over a year now; got married to an US Citizen recently in late 2012. We live in California. My questions are: Can I, as the husband of a US Citizen, ...
-3
votes
1answer
673 views

F1 student, as a non-resident, filing married separate tax return with US Citizen wife [duplicate]

Possible Duplicate: F1 student, as a non-resident, filing a joint tax return with US Citizen wife My income through CPT, as a F1 student for 2012 was $42k, of which I have paid $1300 in ...
2
votes
2answers
618 views

Can a F1 student file, as a non-resident, a joint tax return with US Citizen wife

My income through CPT, as a F1 student for 2012 was $50k, of which I have paid $300 in state and federal taxes as I was a part time employee of a company from Jan - March 2012 (income ~$13k). I then ...
3
votes
4answers
5k views

What's a reliable way for a non-permanent resident alien in the USA to get an auto loan?

I am a Canadian citizen starting work in the USA under a F1 OPT extension (one year). After the OPT extension is up, I'll probably be seeking an H1-B visa. I'm looking for an auto loan. I have a ...
2
votes
1answer
225 views

How do I treat the income from an ESPP I sold now that I am a non-resident alien?

I worked in the US in 2009 and was granted an Employee Stock Purchase Plan (ESPP), which I exercised. Then later I left the US and sold the stock, which is a qualified disposition. Now I am going to ...
6
votes
1answer
373 views

Investment methods for a US non-resident alien, living in the US for the next 2-5 years only

If an employer does not offer a 401k plan, what options do I have to invest in stocks, bonds, ETFs, etc.? Would a Roth account be a viable option considering I will probably be in the US for 2-5 more ...
2
votes
1answer
407 views

How to deduct taxes already paid from taxable income on 1040 and 540

I have the following income and taxes paid for 2011 AGI 10000 Fed 800 State 150 SS 80 Medicare 30 CA DIS/SDI 100 ASE-UAW: 25 (Academic Student Employee (ASE) http://www.uaw2865.org/) Neither ...
3
votes
1answer
262 views

How to report worldwide income while filing US income taxes

My spouse is a non resident alien for 2011. I am treating her as resident and trying to enter her worldwide income on form 1040. I could not find any instructions which indicate how to convert her ...
0
votes
1answer
508 views

when does an US non-resident alien have to pay US income tax on income from his website?

A person who is neither a citizen, nor a resident in the US (a US non-resident alien), has a website which brings him some income, for example from Google AdSense. In what cases would this person ...
3
votes
1answer
182 views

What options exist for UK non-residents to preserve capital while abroad?

I'm a British national, currently working in Ireland and shortly moving to US on an internal transfer. I have some money in the UK which I intend to use for a property deposit when I return in ~3 ...
7
votes
5answers
2k views

Tax consequences of a foreign bank account for a US/Canadian citizen

My wife is a Canadian citizen, I am a US citizen. We live in the US, but make frequent trips to Toronto. The problem we face each time we cross the border into Canada is that we have to change our ...