Questions tagged [foreign]

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2answers
195 views

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
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3answers
128 views

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 ...
4
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4answers
2k views

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 ...
1
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2answers
57 views

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 ...
0
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0answers
21 views

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'...
1
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1answer
169 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. American Depositary Receipts (ADRs) are negotiable securities issued ...
0
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0answers
29 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 ...
2
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1answer
253 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 ...
2
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1answer
35 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 ...
2
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2answers
180 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
92 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 ...
0
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2answers
611 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 ...
6
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1answer
584 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 $...
3
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3answers
425 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-...
2
votes
1answer
106 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 ...
4
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1answer
248 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
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1answer
599 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 ...
1
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0answers
217 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?