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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2
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0answers
65 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
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1answer
51 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 ...
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0answers
52 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 ...
2
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3answers
4k views

International Wire Transfer Problems

I have an international wire transfer that needs to be recalled. A month ago, I sent a wire transfer from the US to a Japanese Bank of America branch. It looks like it was supposed to go to a US Bank ...
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1answer
150 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
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1answer
313 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 ...
3
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5answers
597 views

Can everyday people profit from unexpected world events?

How does somebody like Carl Icahn start trading in the middle of the night? I thought NYSE would be closed! Or is he trading in other exchanges? Icahn Left Trump Victory Party to Bet $1 Billion on ...
3
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1answer
148 views

How to buy a house in the United States using money from a foreign loan?

I am a US resident. This scenario involves 3 entities. I want to know what would be the situation (legal and cost) if I can borrow money (complete value of the house Eg: 500 K) from a person or a ...
0
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1answer
120 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 ...
0
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1answer
74 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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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
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1answer
237 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 ...
2
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1answer
51 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
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1answer
61 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 ...
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0answers
37 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 ...
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0answers
89 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 ...
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0answers
32 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
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0answers
60 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 ...
6
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4answers
27k views

How to do an international money transfer of a large sum of money to the U.S.?

I may need to transfer a substantial sum of money (worth more than 10K in US dollars) from Israel to US. With this, I have these questions questions: I know IRS is notified on any large transfers. ...
0
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1answer
94 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 ...
8
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1answer
241 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
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1answer
106 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 ...
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0answers
50 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
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1answer
64 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
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1answer
509 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
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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 ...
0
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2answers
84 views

What are terms for taxes depending on who has to pay them

I'm searching for specific terms to distinguish different kinds of taxes, one has to pay when providing a bill to a customer: Lets say the base price for my services is 100$ A (normal) tax which is ...
1
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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 ...
3
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2answers
812 views

Why Indian credit cards don't ask for 3D Secure when transacting internationally?

I am from India and hold a credit card. While transacting in India, it always takes me to 3D Secure authentication page. But while paying in AliExpress, it never takes me to 3D Secure page, yet ...
2
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0answers
41 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 ...
4
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4answers
2k views

Will ADR owner enjoy same benefit as common shares holders

Currently, I would like to invest in the stock of HSBC. Details on Google Finance Details on Yahoo Finance I am not sure whether I should purchase from the Hong Kong or US stock market. What I know ...
2
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2answers
49 views

Are there any hedged international funds in India?

I live in India, and want to diversify into the foreign equity market, via a mutual fund offered in India. But I don't want to take on the currency risk. In some countries, funds are offered that ...
3
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3answers
4k 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
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3answers
112 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 ...
2
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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 ...
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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 ...
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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 ...
1
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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
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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
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1answer
319 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 ...
3
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3answers
4k views

Is there any way to pay online in a country with no international banking system

I live in Ethiopia and according on the National Bank of Ethiopia, it is illegal to get any money out of Ethiopia without special permission from the bank. I personally want to make some online ...
4
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1answer
576 views

Recall a swift wire sent to non-existing IBAN

One of my relatives wired me money from a BOA account in US to a Nationwide account in UK. All the details were correct but the IBAN, the IBAN doesn't actually exists. The person who transferred me ...
21
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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
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0answers
111 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
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2answers
1k 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
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1answer
231 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 ...
1
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2answers
463 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
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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 ...
6
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1answer
1k views

“International credit report” for French nationals?

I'm a French National married to a US citizen, and we're looking into buying a house in Florida. Does anybody out there knows of a anything akin to an international credit report for a French ...
3
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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 ...