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.

2
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0answers
60 views

When using a tax treaty tie breaker, who makes the decision?

Many tax treaties between countries contain a tie breaker clause to avoid double taxation that resembles this: If an individual is a tax resident of both countries: He will be deemed resident of the ...
3
votes
1answer
49 views

Can a student non-resident alien choose to not exempt themselves from the substantial presence test?

Can I choose not to use my student exemption from the substantial presence test, or must I do so no matter what? i.e. Is the student exemption from the test optional or mandatory? If optional, how do ...
1
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0answers
50 views

Paying taxes as a Kansan moving to Paraguay

I know these situations get mentioned a lot but I'm looking for documentation for this scenario. I'm a US Citizen that's lived in Kansas for several years now and I'm looking to move to Paraguay for ...
-3
votes
1answer
141 views

Ever been asked to send money to this man? [duplicate]

Has anyone ever been contacted by someone named Richard Atul who claims to be an orthopaedic surgeon working for the UN in Yemen. He's asked me to send money to help him get home because they won't ...
0
votes
1answer
370 views

Gold value passed $10000 threshold during international travel

I brought some gold from outside the US, and didn't report it as the market value was $9980. But during the international travel the price rose above $10000. Now I am afraid I got caught not ...
0
votes
1answer
309 views

My friend asked me to transfer money to her overseas' family, is that legal? [duplicate]

My friend asked me to transfer money from my bank account to her overseas' family because she has reached her limit of overseas remittance. She transferred AUD$4,000 to my account and asked me to ...
2
votes
1answer
208 views

Wrong SWIFT Code

I sent a wire from the US to France, however I noticed afterwards that my bank put the incorrect SWIFT code, the code they used was for a different branch of the same bank (Literally 3 streets away ...
0
votes
1answer
72 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 ...
1
vote
2answers
52 views

How can I distinguish ordinary dividend from qualified dividend for when reporting amounts related to foreign financial assets in Turbotax (US taxes)?

How can I distinguish ordinary dividends from qualified dividends for when reporting amounts related to foreign financial assets (= hold in non-US brokerage accounts) on the Turbotax website when ...
2
votes
1answer
50 views

Do USD-denominated ETFs offer the same protection than EUR-denominated ETFs against a weakening USD->EUR exchange rate?

Do USD-denominated ETFs offer the same/similar protection than EUR-denominated ETFs against a weakening USD->EUR exchange rate? Assume that these ETFs solely contains European holdings (e.g., firms ...
2
votes
1answer
58 views

Should Canadian contractor ask US client to pay into a US or Canadian bank account?

A Canadian [citizen] independent contractor, living in Canada, will take on a US client. The contractor is operating under their sole proprietorship business name which is distinct from their actual ...
1
vote
0answers
36 views

Tax in US on interest earned from NRE account

I work in the US and recently got converted to H1B. I am planning to transfer funds to my NRE account ($3000), accrue interest in 3-4 months and then use it to pay for my student loan. Will I be taxed ...
0
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0answers
86 views

Is wire transfer the best way to send international business profits from Ghana or Senegal to US or am I overthinking this?

first time poster her. Ive searched through the group but don't know if I'm over thinking this so maybe you can help me out. I am looking to find ways to build capital. Selling things tend to come a ...
1
vote
0answers
30 views

Is it required to keep a Form W-8BEN when paying a foreign contractor?

Bob is a French citizen is a tax resident and permanent resident of the United States. Alice is not a U.S. person and works only outside the U.S. If Bob pays Alice for some work she performed, is it ...
4
votes
0answers
56 views

Does a French citizen living in the US owning stocks in a brokerage account in France have to pay taxes on dividends to the French tax authorities?

Does a French citizen living in the United States and owning stocks in a brokerage account located in France have to pay taxes on dividends to the French tax authorities (fisc)? Additional ...
0
votes
1answer
93 views

US Financial Institutions Blocking Foreign IPs

Frustration aside, why do many financial institutions block other country IP addresses? What purpose does this serve, is it a legal requirement for some institutions (examples: The Money Source, My ...
1
vote
1answer
99 views

I'm an F1 Student that has an W2 Form from volunteer work, am I in trouble?

I worked in a film last year and I did it voluntarily because to my knowledge I'm not supposed to be paid by non other than the university. They made me sign some documents because international ...
0
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0answers
49 views

Is it really a good idea to allocate part of a portfolio to international stock funds?

I've heard this advice and held an international fund and a developing markets fund (vtiax, veiex) through most of last year. These investments were down most of the time that I owned them, and are ...
1
vote
1answer
61 views

International wire transfer from US to UK

I'm planning to emigrate to the UK. I'd like to transfer my meager fortune from my local bank to a UK bank once I establish an account there. Does the US government want to know that I am taking my ...
1
vote
1answer
454 views

How to transfer money from india to usa [duplicate]

My son is a US Citizen and he will be entering into College on coming September 2019. We (parents)are green card holder & lives in US. We have a house here in India. We want to sell it and bring ...
0
votes
1answer
62 views

Is there a US banking product with free or very cheap ATM access in Canada? [closed]

My family member plans to live in Canada but his income still comes from his investment in the U.S. Is there a bank product that let him withdraw money with cheap or free ATM fee in Canada, or/and let ...
1
vote
1answer
51 views

Moving company abroad? [closed]

I work for a British agency now, but I'm outsourced for a German project that is partially remote and I'm going to be based mostly in Poland. Not sure how long will be the contract, but it made me ...
2
votes
0answers
38 views

Transferring inheritance in Australian dollars to the US

Should I transfer inheritance in Australian dollars to the US, where I live as tax resident? The exchange rate is currently so low, but is this better to lose money on the exchange rate rather than ...
1
vote
3answers
108 views

Do international index funds provide diversification to domestic USA index fund?

Let's examine two exemplary passive index funds. One is international and one is USA domestic. SCHF: Schwab International Equity ETF SPY: SPDR® S&P 500 ETF Does the international index ...
-1
votes
1answer
52 views

How to smartly enter information of the CSS Profile and IDAC form?

All need-based financial aid colleges in the USA require filling out the CSS Profile and IDOC Form to determine financial need. Hence it is in the student and his family's interest to show their ...
1
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0answers
47 views

US Permanent Resident holding partial stake in a European company

I'm a permanent resident living in the US and would like to invest some money in a company run by my family back in Poland. I'm trying to figure out how to do this and what kind of tax implications it ...
0
votes
1answer
115 views

If I (freelance uk resident) get paid for remote work from the US into my US account, will I pay taxes in both countries?

I'm a British freelancer. I recently returned to the UK from working in the US for 3 years on a Visa. Upon returning, I have continued to work for one of my clients. We are working out how to get me ...
3
votes
3answers
3k views

What happens if I made an international transfer without SWIFT code?

I've just made a transfer from my Hungarian bank account to my new, Canadian one. However, I didn't have any knowledge of my SWIFT neither my IBAN code. I transferred a serious amount of money, and ...
1
vote
1answer
169 views

I have a very good credit score from my previous country. Can I use that in the US?

I have a lot of question, which I have googled but did not really found a good answer that fit with my situation. So I have moved to the US as a student. I (think)have a high score credit back in my ...
1
vote
0answers
101 views

State tax implications of a dual citizen who moved overseas to other country of citizenship

Last state of residence was NY, but I have no property / other ties to the state. I do however maintain bank/investment accounts using a relatives address just to make things easier regarding mail/etc....
0
votes
1answer
279 views

eToro vs interactive investor [closed]

I live in the UK and would be interested to learn investing online. I've yet to discover my style but I'd prefer to invest longer term based on international/sector macros. So far I only know a few ...
21
votes
2answers
5k views

Has any country exempted their citizens/residents from the US citizenship-based taxation?

This question is about personal finance as this directly applies to my situation as a US citizen, which I intend to keep for work purposes, and as a citizen of another country, which I am willing to ...
1
vote
0answers
96 views

Obtaining a cashier's check from an international airport

I will be looking to buy a cashier's check from Seaway Bank located at Chicago's O' Hare International Airport. What information would I need to provide about the payee to obtain the cashier's check. ...
4
votes
2answers
895 views

How to get an international zip code entered into a credit card machine

I have an international credit card that has a foreign zip code with letters in it. A vendor is complaining that he cannot enter letters into the machine. I think he just may be unfamiliar with how to ...
4
votes
1answer
227 views

1099-DIV or 1042S

I am US citizen working for MNC. I was transferred to another branch of MNC. This branch is outside USA. I have a stock account with Fidelity. For filing 2017 tax, I realized that they consider me as ...
8
votes
1answer
240 views

Could I have delayed my tax payments to Sweden in order to earn interest on the money in the meantime?

I work in Norway and commute across the border to my residence in Sweden. Since the municipalities in which I live and work border each other, I pay tax to Sweden. I declared my likely yearly income ...
1
vote
2answers
358 views

Do I have to pay VAT when buying goods from the US in a business based in France?

I live in California, USA. I plan to purchase ~500 EUR worth of goods by phone from a French business that will send me the goods by mail. Do I have to pay the French VAT, California sales taxes, or ...
2
votes
0answers
139 views

Reduce risk of the unexpected on a long-term portfolio

I've been thinking recently what can I do to reduce risk on my long-term buy-and-hold portfolio. When I say "risk", I'm talking about rare, unexpected but highly destructive events (think Taleb's ...
3
votes
1answer
112 views

Extraterritorial USA sanctions: How to tell how exposed my EU bank is?

The USA have threatened extraterritorial financial sanctions for EU entities which do business with Iran (see the link for how it works and further resources, including relevant USA laws). The EU's ...
4
votes
1answer
144 views

Where are my US/UK equities stored?

I'm currently a resident of an EU country. I have a brokerage account open with my local bank, allowing me to buy international stocks directly on the NASDAQ/NYSE/LSE and other int'l exchanges. Am I ...
1
vote
0answers
41 views

Cashing-in overseas cheques

I am currently in Australia, but I will be leaving soon. I expect some insurance reimbursements, which will be in form of a cheque, as I have no Australian bank account. There might be the case, that ...
1
vote
1answer
83 views

American Living Abroad not working for a US company, what kind of taxes do I pay? [duplicate]

I am an US citizen living abroad, I understand that I need to pay taxes even abroad, but how do I pay taxes if I'm not working for a US company?
2
votes
1answer
87 views

J1 Exchange visitor income tax filing

I was in the United States in summer 2017 as a student intern on an exchange visitor program. Now I returned to my home country and got a notification to file Federal tax return for the calendar year ...
3
votes
0answers
18 views

What tax year do I claim a fellowship if it is on both the 2017 1098-T and the 2018 1042-S?

Note: I am an international student and receive a yearly 1042-S. I got a fellowship in November 2017 but my University did not distribute the money until January 2018. Because I am an international ...
0
votes
3answers
268 views

Which of these countries makes most financial sense? [closed]

Below are a list of countries I am considering moving to (from within Europe). My preference was initially the Netherlands, but I have read that the bureaucratic side of things can make moving there ...
2
votes
0answers
27 views

Type of return to file when moving out of the US? (GC holder)

Context is basically as follows. Last year I worked for Google Research as an AI researcher as a GC holder in the US. We wanted to move back to our home country X for an extended period of time, so ...
2
votes
1answer
26 views

Can a graduate student (in Canada) submit his tax file corresponding to the last year?

I'm an international graduate student living in Canada from September 2016. I didn't submit any tax forms corresponding to 2016 last year. Now, I am about to gather all required slips (T4, T4A, T2202A,...
5
votes
1answer
143 views

Should I open an RRSP if I don't plan to retire in Canada?

I'm currently working in Canada and my employer offers a program where they match my RRSP contributions up to a certain percentage of my salary. Should I start contributing to RRSP even though I ...
1
vote
0answers
29 views

Can a draft drawn on a US bank be used overseas?

Can a draft drawn on a US bank be used overseas? If the answer is different for personal checks versus bank checks, then answer for both cases. Basically what I want to know is if a person in a ...
3
votes
0answers
79 views

Can a Syrian citizen living outside the US invest in US market?

My sister lives in Damascus Syria. She wants to put her savings (in US dollars) in an ETF or mutual fund like VTSAX. So here are the questions: Is there a brokerage firm that caters to people ...