Questions tagged [international]

To be used for a) questions about outside the country of current residence. For example, regarding how the U.S. taxes earnings generated by U.S. citizens outside of the country. and b) questions involving multiple countries. Where possible, questions should be tagged with a specific country tag.

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-1 votes
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Is there any difference between these two RIC options in Turbotax when specifying foreign dividend sources?

RIC = Regulated Investment Company.
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0 votes
0 answers
28 views

Do I need to charge GST to US based client?

I have been working (Website Automation Testing in Java Coding, Selenium) for a US-based client since October 2021. I send him an invoice every month addressing his registered company in Massachusetts ...
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0 votes
1 answer
71 views

Is it possible to track down the intermediary bank(s) used in an international wire transfer?

I have some small amount of US dollars (< $500) wired from China to my credit union in US monthly. There are extra fees deducted recently by the intermediary bank(s). I'd like to find out who the ...
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30 votes
6 answers
9k views

Is "bank.gov.ua" the official website of the central bank of Ukraine?

Numerous websites have been encouraging people to donate to Ukraine, to their official government, via this website. (Note: ctrl+f "en" to find the English switcher.) Is this website legit (...
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1 vote
1 answer
59 views

AMS points as taxable income when living and paying taxes in EU

I have been invited by Mathematical Reviews to perform reviews of articles. As compensation, I received some AMS points, which are redeemable as credit toward future purchases of books, etc, from the ...
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2 votes
1 answer
78 views

Where do international students pay taxes?

I am a citizen of one EU state studying in Germany and would like to start investing. As far as I am concerned, I am considered only "temporary living" in Germany. In this case, where would ...
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1 vote
0 answers
29 views

Pros/Cons of Foreign Ordinary Shares vs International Markets

As a US investor I have several options to invest in foreign equities: Direct investing in a foreign market (ASX, TSX, TSXV, etc.) ADRs (Y-class shares on OTC, not always a 1:1 ratio) Foreign ...
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1 vote
1 answer
101 views

Gift from foreign parents

I work in the USA on a visa. My parents gifted me 99.97k in 2021. When I look online, I get the impression that I don't have to do anything since the limit seems to be 100k when the gift is given by a ...
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0 votes
1 answer
92 views

On what basis do countries repay international loans? [closed]

Most countries have their own sovereign currency. Essentially they can print their currency. So how do countries repay their loans? And a similar question would arise while granting a loan to another ...
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1 vote
1 answer
98 views

Do the French tax authorities require French Forms 5000 and 5002 to be original, or can they be copies/scans?

I wonder whether French Form 5000 (mirror 1, mirror 2) a.k.a. CERFA 5000 and French Form 5002 (mirror) a.k.a. CERFA 5002 need to be original when sent to the French tax authorities (a.k.a. the Fisc),...
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0 votes
1 answer
96 views

Best way to pay taxes (German citizen living in US to work internationally)?

I am a German citizen living in the US on a J1 visa. I got an offer to work part-time remotely for a company in the UK. This company could hire me or I could work for them as a freelancer. Germany has ...
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2 votes
1 answer
91 views

Do American brokers and banks report client information (account size, balance, yearly profit) to client's country?

Do American brokers and banks report client information (account size, balance, yearly profit) to client's country? Question is ONLY for NON-US citizens. Client's country refers to Where client lives....
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0 votes
0 answers
26 views

Do non-resident aliens have to pay tax on a gift from foreign source?

I am a non-resident alien (not a US person), temporarily working in the USA. I will be receiving a monetary gift from a foreign entity. The source of the cash does not originate in the US. Do I have ...
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4 votes
0 answers
69 views

Social Security, expat, and small side business

I plan to retire soon. I am an American and I expect to get about half my retirement income from Social Security. I have not reached full retirement age. (I'll be 63.) I own a tiny side business that ...
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1 vote
1 answer
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Is there any upside in owning American depositary receipts (ADR) instead of owning the underlying stock directly, if that's possible?

American depositary receipts (ADRs) have some fees, their own risks and a few other downsides. Is there any upside in owning ADRs (e.g., AXAHY) instead of owning the underlying stock directly (e.g., ...
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0 votes
1 answer
55 views

Is the signature of a non-US branch of a US financial institution accepted by the French tax authorities for French Form 5000 a.k.a. CERFA 5000?

I am a US tax resident and I am currently outside the United States. I have to complete French Form 5000 (mirror 1, mirror 2) a.k.a. CERFA 5000, which requires to obtain the signature of a "US ...
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3 votes
1 answer
89 views

Status of US brokerage account of non-domiciled citizen

I have a brokerage account with Ameritrade (now owned by Schwab) that I’ve held for almost 25 years with almost all my savings there. Recently I left the US and have decided to settle in Spain. Can I ...
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0 votes
0 answers
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How to setup a canadian CIBC bank account, from the US?

I am an international student (US citizen currently residing in the US). I will be going to university in Toronto Canada in a couple of weeks. I have arranged to pay rent for a single room apartment, ...
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1 vote
1 answer
79 views

Criteria applied for residency if none of the countries is claiming the individual as resident

In tax treaties based on the OECD Model Tax Convention, each contracting state details who it claims to be a resident (Article 4, Section 1), then a cascade of criteria ("tie-breaker rules") ...
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3 votes
2 answers
340 views

Should a small fry investor even bother with traditional brokerage firms?

I've done a bit of research and it seems that Ireland doesn't have a huge amount of firms that handle investment portfolios. I found: Zurich, Davy, Irish life, Aviva, and anything that offers ...
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0 votes
0 answers
40 views

Is any international (ie. non-U.S.A.) foreign financial securities market tax free or significantly less taxed than USA markets?

Hypothetically, is it possible to buy and sell some kind of financial security (ie. stocks, currency, even crypto) in some foreign market and keep the money there and pay no taxes as high as short-...
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0 votes
0 answers
42 views

US Resident Buy and Sell outide of USA- Do I owe tax other than the income tax?

I am a resident of USA. I purchase goods online from a supplier in the Philippines. My buyer is also based in the Philippines and is responsible for pick up from the supplier. Therefore, the ...
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1 vote
1 answer
695 views

Japanese scammer through shipping proxy

Someone close to me was scammed the following way and I'd like to know which course of action to take is best. The buyer is based in Denmark and bought a product from Yahoo Auctions (Japan). To do ...
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0 answers
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What date am I supposed to enter on Form 1116 Copy 1 (Foreign Tax Credit) in Turbotax?

As a US lawful permanent resident, I'm filing for my taxes in the US. I have some dividends in a non-US brokerage account. What date am I supposed to enter on Form 1116 Copy 1 (Foreign Tax Credit) in ...
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5 votes
1 answer
53 views

Set a direct debit with an UK bank as a EU citizen moving to UK

My girlfriend (EU resident - Italian) is moving to London for 5 months beginning next Jul for a research placement. The college where she's staying asked her to pay the rent via Direct Debit at an U.K....
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  • 467
2 votes
1 answer
49 views

Authorization for someone to cash a government check issued to me while I am residing abroad

I live in Sweden. I was issued a check from the US Government but Swedish banks do not honour foreign checks ... and the US Government refuses to put the amount directly into my Swedish account. If I ...
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2 votes
4 answers
208 views

Round up of advantaged retirement investment approaches in the US?

My friend in the US (I don't live there permanently) has a Youth who has started work as a teen while at school/college ("at Starbucks" type of thing) and we were discussing the various ways ...
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2 votes
0 answers
48 views

Why does Turbotax ask to enter Form 8938: Interest II schedule even when there is no interest?

Does the IRS require me to enter Form 8938: Interest II schedule even when there is no interest, or is that just Turbotax asking for unnecessary information? The same issues arise for all other Form ...
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1 vote
1 answer
177 views

Why does the IRS require US taxpayers to report dividend income per country when seeking foreign tax credit?

I read in the Turbotax instructions in the section "Deductions & Credits" -> "Income From Foreign Countries" for dividend income: When you have foreign income from multiple ...
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0 votes
1 answer
57 views

My bank account changed country and IBAN during the year: which address and IBAN should I use in Turbotax, when filing for my US taxes?

I have a bank account with Revolut. As a result of Brexit, Revolut moved my bank account from Revolut UK to Revolut European entity in Lithuania (“Revolut Payments UAB”) on Nov. 6, 2020, and changed ...
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0 votes
1 answer
114 views

Can I gift cash to relatives for investment and they give back to me later?

I am currently working at USA holding H1B Visa, and obviously I'm a foreigner, and my parents are not American resident, which means they are not subject to any American Tax, (10% dividend might apply,...
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1 vote
0 answers
30 views

Purchasing international stock or OTC F share equivalent?

I asked this question and got a great response by Flux, now I am faced with another dilemma: Purchase the OTC F share or the "original" on the respective exchange? My broker is Fidelity, ...
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1 vote
0 answers
24 views

How to ownership-transfer inherited securities from a foreign brokerage?

I have inherited a set of stocks that sit on the Swedish Stock exchange (in an Avanza brokerage) from a deceased relative. The stocks are still currently in the name/ownership of the still-living ...
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3 votes
3 answers
454 views

Is it possible to comprehensively compare personal tax rates between countries?

I am trying to compare the "effective income" for several countries, by comparing (gross) salaries from sites such as levels.fyi, and estimating how much would be left for actual spending ...
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0 votes
3 answers
160 views

Someone I know via Facebook and who lives in Pakistan wants me to send him money - should I?

A Facebook friend of mine named "Eve Amar Saab" has asked me to send him money via Moneygram to him. He lives in Pakistan. However, he gives me a different name-"Shaban Masih Karamat ...
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1 vote
1 answer
310 views

What does Turbotax mean by "This account did not have income, deductions, or credits associated with it in [year]"?

I use Turbotax to prepare my taxes in the United States. When declaring foreign financial account, Turbotax asks: What does Turbotax mean by "This account did not have income, deductions, or ...
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-1 votes
1 answer
153 views

My friend wants to wire transfer money from overseas through my account. Do I get taxed for this?

So long story short, my friend is stuck overseas outside of U.S and in order to wire his money (about $8000-9000) through a bank, he has to do it in person for international wire transfers. My friend ...
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1 vote
0 answers
76 views

How can one plan ahead to avoid the taxes stemming from becoming/being a "covered expatriate”?

When discussing the indication of renouncing one's US citizenship or US lawful permanent residency (= green card), I was told that: There will be an exit tax if you relinquish and you were 1) a US ...
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1 vote
0 answers
36 views

how do I report my wife's 1042-s when filing jointly after she's made the election to be treated as resident alien 6013(g)?

My wife is a G4 visa holder and an employee of an international organization. She has a bank account (UNFCU) in the US where she receives interests. The bank issues 1042-s and not 1099-int. Last year ...
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1 vote
0 answers
51 views

Married filing jointly, whose name & SSN/TIN should go on 8938 for spouse's foreign account?

I am required to file 8938 as I am filing jointly with my wife. She has 2 foreign account in her home country. On 8938, the first items are: Name(s) shown on return. should this be both our names ...
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  • 53
1 vote
1 answer
84 views

Must Israeli citizens who do not reside in Israel pay for the nationwide Israeli healthcare system?

businessinsider.com claims that: Healthcare in Israel is universal and, by law, all citizens and permanent residents must participate in it. I find this surprising, as typically citizens who do not ...
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1 vote
0 answers
22 views

Legally avoiding foreign Tax on Junior and Investment ISA while living abroad

I love the ISA investment account and I'm now considering investing in a Junior ISA for my newborn son. I understand that if you have any these accounts open while you live abroad then you are not ...
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2 votes
1 answer
71 views

Can I expect my status at an international bank to travel with me?

I have a Citigold account in Taiwan where I meet the local requirements for that status. Is it reasonable to expect Citibank in the US to open a Citigold account for me there as well just based off of ...
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2 votes
0 answers
208 views

Foreign earned income exclusion for PhD student income

I am a US citizen. I live abroad and am enrolled in a PhD program at a foreign university, for which I receive ~20kUSD/year. I will refer to the money received from the university non-specifically as ...
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1 vote
1 answer
86 views

About to inherit assets located in Italy as a UK resident. Any tax liabilities, and if so, where?

I live, work, and pay my taxes in the UK. Sadly, my mother recently died. I am about to inherit some of her assets, which are all located in Italy, where she lived. I'll be inheriting a 25% share of ...
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2 votes
0 answers
44 views

If I own an ADS in a company that is delisted, can I exchange my ADS with shares of the same company in their original market?

Assume that I own some NYSE:CHA (American depositary shares (ADSs) for China Telecom Corp. Ltd.), which is scheduled to be delisted from NYSE sometime between Jan. 7 and Jan. 11, 2021 (mirror). Can I ...
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-1 votes
1 answer
95 views

What can I do if my French financial institution refuses to complete their part of French Form 5000 and 5002?

My French financial institution (Sogecap) refuses to complete their part of French Form 5000 (mirror 1, mirror 2) a.k.a. CERFA 5000 and French Form 5002 (mirror) a.k.a. CERFA 5002. This prevents me ...
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0 votes
1 answer
115 views

Living in Costa Rica on a temporary visa whilst remote working. What tax do I pay?

I'm a UK citizen who works as a self-employed (sole trader) Software Developer remotely for a variety of UK/US clients. I'm interested in moving to Costa Rica soon, which has a territorial tax system. ...
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  • 101
0 votes
1 answer
177 views

Is it possible to use a international broker account as a saving account?

Say that I'm a citizen of country A, I want to save all my personal savings (obtained in A legally) in another country B (I don't care about the currency, as long as it's relatively stable), and I ...
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0 votes
1 answer
69 views

How to know if an international bond fund is currency hedged

I want to invest in only international bond funds that are currency hedged. How can I find out if a fund is currency hedged?
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