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.

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22 views

Filing tax return for tax refund? Former J1 Visa

I was an intern in 2019 between August and November in California on a J1 visa. I filed last year state and federal(1040NR-EZ) tax returns through Sprintax for the year 2019 and received both tax ...
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121 views

I just mailed my 2020 federal tax return with my NRA spouse's SSN left blank. What outcome should I expect & what course of action should I take?

I am a US citizen living in the UK with my British husband. I file my taxes as married filing separately and my husband is not required to file with the US so has no SSN or TIN. I sealed up and mailed ...
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35 views

As a new resident alien, can I harvest capital gain losses from previous years when I was a non-resident alien?

In the year 2020, I switched from being a non-resident alien (NRA) to a resident alien (RA) for tax purposes. I'd come to the US in 2015 as an international student (F-1 visa). For NRAs, using the ...
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30 views

Is Foreign Income taxable In India

I was abroad from 2 years(so NRI currently), Now returned to India in April and working for Portuguese company individually and they need me to send invoices monthly for the payment. Now this company ...
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81 views

Non-resident alien: Why did I pay no tax on dividend income? [duplicate]

I have a US stock brokerage account, and I am a non-resident alien. From my understanding, dividend income of non-resident aliens is taxed at a flat 30% rate (assuming no applicable tax treaties). I ...
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68 views

Can rent from a UK property be moved into an investment account if the owner lives abroad?

TL;DR: I want to rent my house out while I live in another country for some years. I'd like the rent to go into a stocks and shares investment, to grow. Is this allowed, in the UK? I've been in my ...
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42 views

401k or Roth IRA for non treaty countries

This might be a bit complicated, so pretty please bear with me a little. I am currently living in USA on a E2 visa. My employer offers both 401k and Roth IRA. I do not plan to neither retire nor ...
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41 views

Does IRC §871(i) (no tax on deposit interest for non-residents) apply to interest paid by the IRS on delayed refunds?

Internal Revenue Code §871(i)(3) basically says that "deposit interest" on a deposit in a US bank is not taxable for US non-resident aliens. The IRS pays interest on delayed refunds and ...
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1answer
17 views

Should I file as Resident or Non Resident for FY2020? I arrived in US in 2015 on F1 and switched to H1B in Oct 2020

I am a single individual who arrived in US in Aug 2015 on F1. I was on OPT until 30th Sept 2020 and then switched to H1B from 1st Oct 2020. After reading documents below, I gathered that since I have ...
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17 views

When does it become compulsory to change account status to NRI?

These days, especially in IT, employees are given onsite assignment with no clarity of duration. In my case, I am an employee of an Indian IT company and was sent for 3 months assignment and am now ...
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20 views

Transfer of stocks within USA from resident account to non-resident account as gift

can I transfer stocks from brokerage account(of son/me, US resident) held with broker firm X to brokerage account (of father, non-US resident, in US only) held with broker firm Y? as a Gift Do I need ...
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1answer
26 views

J1 teacher resident vs non resident

I would like to find out if I need to do my taxes as resident or non resident. I would really appreciate if anyone can take a look at my particular case and let me know their opinion, before I choose ...
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1answer
28 views

Can I file tax for both F1 and H-1B partially the first year?

Last year I started working at a company as F-1 OPT around Jul, and then I turned into H-1B on Oct. So, I have to file as a non-resident alien. However, somehow the company withhold FICA tax from my ...
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1answer
171 views

Am I in trouble? I am a nonresident and received the stimulus money for COVID 19 from IRS in my tax return

Does anyone know how to proceed and the consequences of it? What will happen with my future and current visa status if they find out? I mean, can they actually track it? I filled 2020 tax return 2 ...
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21 views

non resident of Canada , taxes due on sale of shares in Canada

I am a resident of a EU country with a double tax treaty with Canada. I pay dividends at source on shares I own in a Canadian bank. What happens when I sell the shares, am I taxed on any gains in ...
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1answer
28 views

Tax filling status for a foreigner from F-1 to H-1B and back to F-1

I came to the US to study on an F-1 visa in September 2013 and graduated in March 2015. Since then, I have been working on an F-1 OPT visa. In Oct 2015, my visa changed to H1B. In Sep. 2018, I ...
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150 views

Free E-file US taxes if spouse is non-resident alien

I have a special situation in that I am a US citizen but my spouse is a non-resident alien, and I myself also live overseas. So far I have only found that HR Block Taxes for Expats lets me e-file ...
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21 views

Non-resident? NY state and NYC taxes while living 8 months outside US

When pandemic broke out, I was outside US and stayed outside for the entire 2020. I worked remotely all time. I've been employed by a company with NYC headquarters. Am I right I'm considered a non-...
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20 views

Question related to my and wife's US resident alien status, required for USA ITR filling

I joined USA with H1B visa starting from 15th Feb 2020 whereas my wife joined me on H4 Visa starting from 8th Aug 2020. So in this case I am a Resident alien but what would be the case for my wife? ...
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75 views

Is CA FTB not in breach of IRS rules by demanding ITIN?

The IRS declares in many documents that: "ITINs are IRS assigned numbers issued only for federal tax administration purposes" and "ITINS do NOT Serve as identification outside the ...
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78 views

Can minors withdraw check?

I want to send a gift - named check. The issuer is a US resident, sending from the US. The minor is a US non-resident, located in the US. Can I go to the bank, issue the check with the kid's name on ...
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1answer
69 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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1answer
86 views

Taxes on stock options for non-resident aliens

I have ISO stock options as part of my employment in California, USA. In the middle of 2019 I had to leave the USA for family reasons. In 2020 I wasn’t in the US (became non-resident alien for tax ...
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2answers
58 views

Does the (non-resident alien) owner of an LLC (as a disregarded entity) pay income taxes on (non-US) profits?

Let's assume the owner is the sole owner of the LLC. Let's also assume the owner is tax resident in a country with no double tax treaty with the U.S. Let's also assume the profits are not income ...
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1answer
78 views

Will my taxes be increased after receiving green card?

Today, I am informed that my green card application is approved and I will receive my physical green card in the next week or so. I work as a graduate research assistant in a University at South ...
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1answer
20 views

Long Term Capital Gains - NRI living in Australia. Should I or should I not pay in AUD or USD or INR

Happy New Year to everyone I am in a confusing state. Also reaching out to a few Tax Advisors. Not sure if someone in the forum has experienced this. I am an NRI (Indian) living in Australia on Work ...
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18 views

Can my Foreign Company transfer my salary ( USD ) to my NRE account directly, will it be taxable?

I had opened an NRE account while working in Dubai, now I relocated to another country, My Present employer is transferring my salary directly to my NRE account, will it be legal/ nontaxable?
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34 views

Does federal tax residency affects State residency status?

I am a resident alien for tax purposes. I have SSN. My wife arrived in USA for the first time on 6/26/2019. She cannot have SSN. She got ITIN. For 2019, we filed joint tax return. As required, we ...
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1answer
41 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 ...
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1answer
83 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 - ...
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41 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 ...
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1answer
84 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 ...
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1answer
63 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 ...
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1answer
48 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 ...
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1answer
49 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 ...
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1answer
76 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 ...
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2answers
151 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-...
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1answer
117 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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2answers
292 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 ...
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1answer
1k 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 ...
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1answer
1k 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 ...
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14 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 ...
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1answer
108 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 ...
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1answer
39 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 ...
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0answers
111 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 ...
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1answer
182 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 ...
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19 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 ...
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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?
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1answer
128 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 ...
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1answer
26 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 ...

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