Questions tagged [non-resident]

Questions concerning government regulations or corporate practices that apply specifically to people who are not residents (or not citizens) of the country in question.

Filter by
Sorted by
Tagged with
2
votes
1answer
37 views

General FEIE question

I work for a public (state) US university but I live abroad. The university has not sent me abroad and the work does not require me to work abroad, it is purely my choice (and a deal I worked with my ...
4
votes
1answer
69 views

Away from the UK most of the tax year - can I ask to be considered a non-resident?

I spent less than 75 days in the tax year of 2019-2020 in the UK. For about 3.5 months in that tax year I was renting a flat in London (it's that long because there was a one month notice - ...
0
votes
0answers
35 views

What do you do with 1042-S?

https://support.google.com/paymentscenter/troubleshooter/7542675 According to the statement here GOOGLE provides 1042-S for earnings through saled paid apps earnings (income). What to do with it? The ...
3
votes
1answer
80 views

Self Assessment from Abroad due to Private Limited Company Unpaid Directorship

I left the UK for good years ago, but I still have a private limited company there (that I own 100%) and because of that I have to file self assessment which is just a series of zeros in every input ...
3
votes
1answer
58 views

Why does the ATO have “unclaimed super”, should I do something about it?

I am an Australian Citizen currently living in the UK. I logged on to the Australian Tax Office (ATO) website today an the ATO tells me i have unclaimed super. It's about $3000, and is exactly equal ...
1
vote
1answer
40 views

Transfer Inheritance from US to a NRA in Indonesia

I am a non resident alien, not living in the US. I inherited funds from a US stock exchange account after the owner died, but they could not wire it to a non US bank. THey can only wire to a US bank ...
1
vote
1answer
47 views

Determining “country of residency” for nonresident alien student

I understand that a nonresident alien is taxed either using flat rates, or using potentially lowered rates if the US has a tax treaty with her country of residency. Question: how is the country of ...
0
votes
1answer
31 views

ESPP capital gain tax form for non residents in United States

I purchased and sold my company shares last year using ESPP (Employee Stock Purchase Program). I am a non-resident alien (F-1 visa, OPT). What form do I need to report the capital gain from this sale ...
1
vote
2answers
46 views

Are nonresident aliens filing the 1040-NR eligible for the $72,900 AMT exemption?

Do non-resident aliens receive this exemption amount when filing our AMT taxes on form 6251? I want to make sure because I read here: https://www.hhcpa.com/blogs/income-tax-accountants-cpa/amt-risk-...
0
votes
1answer
93 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 ...
3
votes
2answers
241 views

Can non-resident aliens avoid taxes on dividends?

Non-resident aliens do not have to pay capital gains tax for stocks, but they have to pay a 30% tax on cash dividends (source). Can they avoid this tax by selling the stock before the ex-dividend date ...
4
votes
1answer
297 views

Why does Charles Schwab require a large minimum deposit to open an international brokerage account? [closed]

Charles Schwab is demanding US $25,000 for opening an international individual broker account which is I guess free for the US citizens. Why does Charles Schwab charge such a huge amount for ...
1
vote
0answers
210 views

Robinhood and W8BEN for Non-US residents

I have an account with Robinhood which I opened when I was in the US and never traded on the platform. I did some trades this year. I am now an Indian resident for the entire year and forgot to close ...
1
vote
0answers
13 views

US tax requirement for non-resident non-citizen receiving donations from US non-profit

My wife and I do volunteer charity work in a third-world country. We are not US citizens or residents, however we have recently partnered with a US-based non-profit 501(c)(3) organisation who are set ...
0
votes
1answer
81 views

Do non-resident aliens pay taxes on stock market gains?

I am a student in the US with a F1 visa and live in the US too, but considered non-resident alien for tax purposes. If I invest my savings in the stock market, should I pay taxes on the gains? It is ...
2
votes
1answer
27 views

Tax implications of the interest earned in India

I have some questions regarding tax implications of the income in India from the following sources. NRE Account (FD and Savings) NRO Account (FD and Savings) Mutual Funds Interest in NRE account is ...
2
votes
0answers
104 views

AMT ISO deferrals for nonimmigrant. Sold shares after leaving US

I lived in the US from 2013 and 2016 on an E-3 nonimmigrant visa. As part of my full-time employment contract, I was granted ISO shares in a pre-IPO company. I exercised most of the vested shares in ...
4
votes
1answer
142 views

I am a Canadian, living in Canada, doing an internship remotely for a U.S. company. Do I pay U.S. taxes?

Main question in the title. I already received a "bonus" (was supposed to be a relocation stipend before the internship got moved to virtual). For that check, the following taxes were ...
0
votes
0answers
13 views

J1-Trainee California Tax Residency status

I am a Russian citizen and at the end of 2019 I came to California for a traineeship. I have income in both Russia and the United States (California). From the point of view of US federal tax law, I'm ...
0
votes
0answers
21 views

Minimizing estate tax on US assets of non-resident alien [duplicate]

There is an estate tax of 40% on US situs assets of non-resident aliens. Is there any way to minimize this tax using, for example, trusts? Can someone elaborate on this?
0
votes
1answer
117 views

Covering estate tax on US assets for non-resident alien

I am a non-resident alien holding a brokerage account in the USA but residing outside the USA. My country does not have an estate tax treaty with the USA. So my estate is liable for a significant ...
-1
votes
1answer
18 views

Taxation of US LLC in India

I am a non-resident of the USA, and a resident of India for tax purposes. Suppose I set up my US brokerage account as an LLC in the USA. What taxes will I owe on this account in India? What taxes will ...
2
votes
2answers
51 views

What are the taxation rules for US non-resident aliens with respect to qualified dividends?

Are the rules different for qualified versus non-qualified dividends? Assuming no DTAA exists between the US and the country of residence.
1
vote
2answers
65 views

Estate tax in the USA for non-residents

I read that the estate tax for non-residents on their US assets can go up to 40% with the first $60000 tax exempt. Suppose, as a non-resident, I have a brokerage account holding US stocks with the ...
0
votes
0answers
18 views

Delay in submitting W-8 BEN

I left the USA on 1/31/2019 for India, and have been in India ever since. According to 1040 NR instructions on page 10 (dual status tax payers), I could be argued as being a non-resident for 2019 ...
1
vote
0answers
33 views

US financial institutions that offer IRA accounts to non-residents? [closed]

I have a Roth IRA investment account worth a tidy sum with my US bank from my time in the US on a work visa. I received a letter this week from my US bank informing me that they are no longer offering ...
0
votes
1answer
44 views

1040 NR Capital gains Line 14

As a non-resident alien, I was told that I do not have to pay capital gains tax in the USA. Why then is there line 14 for reporting capital gains in 1040NR?
0
votes
0answers
23 views

1040 NR Line 22 Schedule OI

Line 22 of 1040 NR is "Total income exempt by a treaty from page 5, Schedule OI, item L (1(e))" I am a resident of India for tax purposes, and I was not able to identify in the India-US tax treaty ...
2
votes
1answer
70 views

Indian taxation on after-tax retirement accounts such as Roth

How does India tax US after-tax retirement accounts such as the Roth IRA for a person who is a US non-resident for tax purposes starting age 59.5?
0
votes
2answers
78 views

Traditional IRA distributions taxation as non-resident

I left the USA for India in 2019, and expect to be a non-resident for US taxation purposes when I turn 59.5. In the India-US tax treaty Article 20 Clause 1 states "Any pension, other than a pension ...
0
votes
1answer
41 views

Deductions for non-residents while filing US taxes

Do non-residents get any deductions while filing US taxes? I see they are not allowed the standard deduction. Are they not allowed any other deduction?
2
votes
2answers
219 views

Taxation of traditional to Roth IRA conversion for non-resident

I left the USA in 2019, am now in India and so am a non-resident for US tax purposes for 2020, and want to convert part of my traditional IRA to Roth IRA. What are the tax implications of this ...
0
votes
1answer
79 views

I am a NON US resident but I have a SSN and I formed an LLC in Wyoming. Do I need an EIN or I can use my SSN?

I'm a NON US resident but I have a SSN and I formed an LLC in Wyoming. Do I have to apply for EIN or I can use my SSN? I am the only member of an LLC.
1
vote
0answers
17 views

PINS Demat account for NRI

I learned from other questions on this forum that an NRI has the option to invest in individual stocks in India through a PINS Demat account. Is this a recent development? I was told by my broker in ...
1
vote
0answers
44 views

Claiming tax credit on non-US income

For tax year 2019, I meet the substantial presence test and so am planning to file my US taxes as resident alien. I left the USA on 1/31/2019, and started working for an Indian company in July 2019. ...
1
vote
1answer
39 views

Indian taxation on US assets after returning to India

I left for the USA in January 2008, and returned to India for an extended period of time on 1/2/2019 with earlier short visits of 15 days each in 2016 and 2018. I started working for an Indian company ...
0
votes
1answer
83 views

Can I specify non-resident alien children as dependents?

I am a US citizen living outside of the US. Neither my wife nor my children is a US citizen, nor do they have SSNs. Am I allowed to list them as dependents? May I file as head-of-household, ...
0
votes
1answer
26 views

State tax refunds for non-resident aliens and excess

According to the instructions for Form 1040-NR-EZ, tax payers must refer to Publication 525 to decide if any of the state tax refunds need to be listed as additional income in Line 4. Here, for Non-...
1
vote
1answer
27 views

NRI loan repayment in India

One NRI took loan from me (also NRI) in Saudi Arabia, but about 2 months ago left for good to India. Now he has no option but to pay me in India, this money that he will transfer to my account may ...
1
vote
1answer
108 views

Transfer funds to India moving permanently [closed]

I am moving to India permanently in next 2 months from USA. What are my options to move my funds from USA to India considering I do not have NRE account. i.e. Is it mandatory to have NRE account? ...
0
votes
0answers
26 views

Gross receipts tax liability when operating an LLC in New Mexico as a nonresident alien

The title pretty much sums it up: will I be exempt from gross receipts tax if I'll be operating my New Mexico single-member LLC from abroad, as a nonresident alien, offering remote services (software ...
0
votes
0answers
108 views

w8ben for 401k withdrawal for Indian citizen

I need to withdrawal my 401k from US account.Normal penalty is around 30% for early withdrawal .Does filling w8ben form for Indian citizen help in reduced penalties.I am in individual who worked in US ...
2
votes
1answer
158 views

How to send back the CARES payment of COVID-19 to IRS as non-resident

I am a non-resident alien who working in the US. I received the CARES payment ($1200) of the COVID 19 by direct deposit from IRS, while I know that as a non-resident, I am not eligible to receive. ...
0
votes
0answers
46 views

Creating personal or joint broker account

This is a follow up question to this question: Chances of paying U.S inheritance tax as a non U.S citizen I am a nonresident alien and my wife is a US citizen who is not living in the US. I want to ...
0
votes
1answer
53 views

Can an F1 student file as resident alien? (less than 5 years)

I'm a foreign student on F1. I came to the US in 2018. I stayed in the US for 350 days in 2019. I'm aware of the substantial presence test that determines whether I should file as resident alien or ...
1
vote
1answer
110 views

Why did I get $1200 stimulus check? Was a resident alien for tax but moved out of US in Nov 2019

I was a student on a visa in the US and was also working at the university from 2012 to Nov 2019. I then moved out of the US at the end of Nov 2019. Officially, I'm still a student at my US university ...
0
votes
0answers
41 views

Forgot to include form 1042-s

I am a student on a F-1 visa (nonresident alien), working with a Teaching Assist at my University. I did my 2019 taxes using Sprintax with the information from my form W-2 and I got a refund of $609 (...
2
votes
1answer
83 views

Who pays the retroactive withholding tax - the withholding agent or me?

I am a non-US person and I have been receiving royalty payments from a US company since 2015. In 2020 the US company started to collect W-8BEN forms from its authors (like me) and apply a withholding ...
0
votes
0answers
34 views

How to report form 1042s information on form 540nr 2019

I'm an international graduate student living in California. This year, I received both W2 and 1042-S forms (Half the year I was on a fellowship grant and the other half I was being an RA). I have ...
0
votes
1answer
49 views

Tax on US income for work days spent in India

I moved to US in 30th-May-2019 on work visa and I spent 3 weeks working in India in December (my salary was still generated in the US) Would some of my US income be allocated to India in this case? ...

1
2 3 4 5
10