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.

32 questions with no upvoted or accepted answers
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4
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0answers
65 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 ...
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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 ...
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0answers
85 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 ...
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124 views

Why do some institutions close IRA accounts when the account holder moves to another country or spends most of their time outside of the US?

I read on the Merrill Edge's traditional IRA application page: Note: If your residence changes (e.g., you move to another country or spend most of your time outside of the United States), Merrill ...
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0answers
75 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 ...
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0answers
45 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 ...
2
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2answers
208 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 ...
2
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0answers
140 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 ...
2
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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 ...
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0answers
293 views

Should I add (prorated) $5000 tax treaty exempt in state tax report?

I am a F1 visa Chinese student. I did 4 months intern in California in 2016, and spent the rest of the year as TA back in school in Idaho. So I have W-2 forms from both CA and ID. Now I am confused ...
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146 views

Being in the US as a European citizen, trying to open an account in Europe

I am currently in the US, as a European citizen, but planning to travel to Europe soon. I am looking to open an account in Europe before leaving the US, so I can wire some money before I leave the US ...
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1answer
763 views

How do I loan money as a non-resident Indian (NRI)?

I am a Non-Resident Indian (NRI) and want to send approx $10,000 as a loan to my father's account in India as a contribution for a new home purchase. How do I set this up as a loan so if he wants to ...
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51 views

American investing in the FTSE 100

Let's say I want to place a bet on the success of an economically independent England. How would an American investor go about buying into the FTSE 100 (or similar) through ETrade, Vanguard, or ...
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61 views

Problem with transfer of money from a Saudi bank to my account in England

Last October I deposited £870 salary in a Saudi bank account to be transferred to my Barclays account in the UK. I was awaiting a Saudi bank account so the money was sent by international bank ...
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54 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 ...
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40 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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59 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 ...
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1answer
50 views

Business taxes to an Italian citizen with an online business outside Italy

As an Italian citizen, if I open a company outside Italy (for example, a LLC in US) and operate strictly online, will I still have to pay business taxes on the income of this foreign company to the ...
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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 ...
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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....
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154 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. ...
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45 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 ...
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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 ...
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0answers
77 views

Where should I pay tax as an Indian with an LLC in Delaware in the US?

I am from India and I am planning to register an LLC in Delaware US and will be operating completely in India. The majority of my customers will be from outside India and I will be paid either through ...
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0answers
118 views

How to limit potential web based income earned in the USA and overseas from California high taxes

I am an English Lady who has just got her green card and I want to set up a web based Life Coaching business, with Worldwide retreats 2/3 times a year. I live in California and want to keep my Tax ...
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86 views

What is the required taxation if a website is programmed in the Netherlands and the customer resided within the USA?

My firm is based in the Netherlands. I have a customer in the USA who wants a website. The development will take place in the Netherlands. If the client would be Dutch, I'd charge them 21% VAT and ...
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1answer
90 views

International cash to bank transfer: how to minimize losses?

I live in the United Arab Emirates. I have 10,000 USD in cash. I have a bank account in USD in a Czech bank. What is the best way of transferring that money to my bank account? My situation is quite ...
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92 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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13 views

Property purchase Abroad. Tax deductions

I live in US. I purchased a couple properties a few years ago abroad. I did not take mortgage. I paid it from my savings account abroad. I heard we can claim tax deductions even for the past purchases ...
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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 ...
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0answers
348 views

As a US citizen, how can I live in Austria, do business with the US, and set up my business in a legal, tax efficient manner?

I am a US citizen, and professionally I am an independent software developer contractor. I want to live in Vienna, Austria but still contract with companies from the United States and work remotely ...
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111 views

Depositing an insurance check made out to a foreign ltd into a personal US account

I own a boat which is registered in the BVI's in an Ltd. name. There is no business and thus no bank account for it. I am a U.S. citizen with a regular U.S. bank account. I incurred boat damage and am ...