Questions tagged [foreign]
The foreign tag has no usage guidance.
32
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36
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Joining Non-US Business as US Citizen, re-incorporate in the US? [closed]
The Situation
I, a US Citizen, have the opportunity to become a Co-Founder / Shareholder in a small non-US Company (currently incorporated in the EU).
What I have seen so far suggests that there are a ...
- 11
3
votes
0
answers
33
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Cost Basis of Foreign Property That Becomes Subject to US Taxation [duplicate]
Let's say a non-US person moves to the US and then becomes US person for tax purposes of that year. At the time of arriving to the US, the person has been holding onto some property (i.e. stocks and ...
1
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0
answers
65
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Finding brokers to invest in US index funds that support iraq
I live in iraq and i would like to invest in US index funds.looking at the popular brokers like robinhood and vanguard they state that they don't support investing from my country.Googling for iraqi ...
- 111
1
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1
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61
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How do I obtain a cost basis for gifted real estate in Russia?
Approximately ten years ago, we received some long-held real estate in Moscow. Last year, we sold it. My understanding is that we owe capital gains tax based on the difference between the value at the ...
- 190
0
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1
answer
210
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Foreign person forgot to turn in W8-BEN
I am a foreign person living abroad. I own stocks with a US brokerage. I do not have SSN or ITIN. Last year, I forgot to submit W8-BEN. My brokerage did 24% W9 withholding on the dividends and gave me ...
- 3
0
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2
answers
96
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Do I need to declare any interest on my foreign account?
I live in the US and am a US resident for tax purposes. However I am originally from the UK and I have an account there. This is an account with very little money in it. At most there has been $5000 ...
- 103
1
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1
answer
70
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May U.S. Companies Simultaneously Issue Stock Domestically and Abroad?
According to the SEC webpage on International Investing, "Some foreign companies list their securities in multiple markets, which may include U.S. markets." The example given regards ...
- 11
0
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2
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78
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LLC Partnership Foreign Partner
My wife and I run an LLC in CA. I am a citizen and my wife is French with a permanent resident card. We are equal members of our LLC Partnership. I filed with TurboTax for our business and when asked ...
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7
votes
1
answer
933
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Foreigner making voluntary US social security contributions to get a pension
Years back, I worked in the USA and made 7 years (28 quarters) social security contributions. I wrote to them a few years back and they said that I could get a pension with a minimum of 40 quarters of ...
1
vote
1
answer
128
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What will happen if a client of mine sends the IRS an incorrect form?
A client is asking me to fill a W9 with my name and the LLC EIN instead of a W8 which seems to be wrong. What’s the worst that can happen if he sends the incorrect form to then IRS and who has to ...
- 123
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63
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Non-US citizen/resident trying to begin trading options and futures
I'm from Brazil and I already trade shares, options and futures here for ~5 years in the Brazilian stock market. I began trading shares in the US stock market a few months ago using the Passfolio ...
- 11
2
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0
answers
94
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What will I lose if US employer switches me to working for a foreign company?
I'm a dual citizen having grown up in the US, but working and residing outside of US for 20 years. I have worked for my US-based employer for 10 years during which time I've been paid in the US with ...
- 21
2
votes
1
answer
98
views
Should I be concerned with the low volume of trade for Franklin Templeton's international ETFs?
They have an attractive suite of foreign ETFs, ranging from Taiwan, India to Germany: https://www.franklintempleton.com/investor/investments-and-solutions/investment-options/etfs/franklin-...
- 123
5
votes
2
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261
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How do I invest in retirement if I'm planning to leave the US?
I'm completely new to investing and know very little about it. I'm about to graduate from college and take a software engineering job that pays very well, leaving me some slack for investing in my ...
1
vote
2
answers
702
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How can I invest in Ethiopia?
I, US citizen living in US, believe investing in the Ethiopian economy is a good investment because XYZ. How can I do this? I have found many African ETFs with exposures to either specific regions or ...
- 2,788
-2
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3
answers
147
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Creating Foreign Bank Account for Access to Foreign Currency
I'm a young male who is a U.S citizen and resides within the U.S. I have investments in different areas, like stocks, bonds, etc. While I'm perfectly fine with these investments, I would like to ...
- 97
4
votes
4
answers
2k
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What are the advantages/disadvantages of investing in foreign currency?
I am learning about brokerage accounts and how investors diversify their portfolios within their brokerage or other investment accounts. One of the things I have noticed, especially in the U.S., is ...
- 645
1
vote
2
answers
64
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Validity of an exchanged foreign driving license
I exchanged my EU driving license (obtained back in 2004) into a UK one in 2015. The UK driving license therefore says 2015 under 'Date of Issue'.
I'm in the process of getting quotes for car ...
- 113
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0
answers
24
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How would recent GBP exchange rate fall effect $ efforts to buy foreign-owned UK assets?
US-GBP exchange rate has been at its lowest since the mid-80s. That presumably means it's been cheaper to buy UK assets with dollars.
Let's say I have dollars and I want to acquire a UK company. Let'...
- 43
1
vote
1
answer
659
views
How much does the American Depository Receipt (ADR) cost for Sony stock (SNE)?
I am a resident of USA and want to invest in Sony (SNE), a Japanese stock. My brokerage says I can only do this through an ADR. According to Charles Schwab:
American Depositary Receipts (ADRs) are ...
- 642
0
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0
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39
views
Foreign banking transfers
I have been communicating with a woman who is active duty (Marine) in Syria for several weeks now. She has been chatting with me trough Hangouts.
Then just a week ago she asked if I could help her ...
- 1
2
votes
1
answer
497
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What happens to foreign stocks if my country goes to war with that country? [closed]
For example, people in the US who owned stock in German companies in 1941. Have there been other examples other than Germany?
Are there any investment strategies that would protect assets in case of ...
- 555
2
votes
1
answer
84
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Do foreign persons need to file 1099s?
Do foreign persons need to file 1099s. If so, how do they do so without a TIN? For example, let's say a foreign person visits the United States and hires a chauffeur and pays them several thousand ...
- 9,662
2
votes
2
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197
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How does a non-resident foreign person report payments to a maid in the United States?
I have a friend who is not a US citizen and is not subject to US taxes. He typically pays expenses through a solely owned trust, which the IRS considers to be equivalent to a sole proprietorship. He ...
- 9,662
2
votes
1
answer
98
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Transfer to foreign bank to purchase a home
I want to transfer $290,000 of my post-tax money to a bank account in Brazil I just opened to purchase a home there. The entire deposit will be used to purchase a home there. I will obviously file the ...
- 21
0
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2
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1k
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Why do foreign transactions take so long to post to online banking statement?
I have been in a foreign country for the last week and none of my purchases have been posted on my online banking statement and i "still have the same amount of money in my account" (put in quotes ...
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6
votes
1
answer
651
views
Is this a cashier check scam?
I'm a personal trainer and I've received an email stating that someone wants me to train their kids while they are in the US for vacation. The request was for many sessions and would total well over $...
- 61
3
votes
3
answers
915
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$10,000 was accidentally transferred to me instead of my company
As a result of a business competition we won for school, $10,000USD was transferred from my University's Accounts Payable department, to me. It should have been transferred to my business, a C-...
- 151
2
votes
1
answer
143
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How do ADR vs U.S.-listed foreign corporations handle dividends to U.S. investors?
If a Japanese company pays 500 yen/share dividend for Japanese investors on a Tokyo exchange, how will they pay U.S. investors who bought their shares?
If it's a U.S. listed foreign corporation?
If ...
- 21
4
votes
1
answer
379
views
Can I contribute money to a Roth IRA in this non resident alien situation?
Here I have an interesting situation. I am a former American citizen, expatriated (non-covered). I still have my Roth IRA account. I earn money working for a UK company with a US parent, listed on the ...
1
vote
1
answer
930
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Sold a property abroad and want to transfer the money into a US bank. >10,000. The property taxes on the sale were all paid in full.
Do I need to report to IRS or will I have to pay tax on the transferred money?
I need to mention that the property abroad was bought by me BEFORE becoming a US permanent resident, and it was sold by ...
- 11
1
vote
0
answers
349
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As a US Citizen can I open a Canadian bank account without my social security number?
As I stated in the title: will I need to provide my Social Security Number if I choose to open a bank in Canada as a US Citizen?
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