Questions tagged [foreign]

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Payment from USA to India partnership - how do i pay taxes?

I am wiring money from a US corporation to a company that is a partnership based in India. How do I calculate the tax owed to the Indian government and how do I send it to them? Do I deduct this ...
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1answer
209 views

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 ...
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1answer
34 views

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 ...
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2answers
157 views

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 ...
2
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1answer
87 views

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 ...
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2answers
191 views

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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18 views

Which tax forms to file for money transferred for a purchase made on behalf of a foreign entity?

I'm in a weird situation, where over the course of the past year, I've been purchasing items on behalf of a relative in a foreign country using money that he has been transferring to me. The money ...
6
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1answer
549 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 $...
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3answers
279 views

$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-...
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47 views

US Employee at a US company at a Mexican facility pays a “Mexican Tax”. How do I claim it on 1040

I am a US Employee working at a US company at a Mexican facility and I am being deducted a "Mexican Tax" on my wage slip each pay period. The company has not listed the Mexican tax on my W2 and ...
2
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1answer
74 views

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 ...
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1answer
127 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 ...
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1answer
405 views

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 ...
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143 views

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?