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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LLC in Wyoming as a holding company for a UK based company

What would be the tax obligations of the following structure. Opening a non resident (not a citizen of the US) LLC in Wyoming and this company being the main entity in a UK based LTD company. All ...
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9 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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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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102 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
13 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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39 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.
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63 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 ...
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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 ...
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29 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 ...
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39 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?
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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 ...
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1answer
39 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?
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35 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 ...
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40 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?
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115 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 ...
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70 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.
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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 ...
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39 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. ...
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1answer
35 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 ...
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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, ...
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1answer
25 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-...
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1answer
20 views

NRI loan return in India

One NRI took loan from me (also NRI) in Saudi, 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 look as ...
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1answer
67 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? ...
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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 ...
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47 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 ...
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1answer
153 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. ...
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41 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 ...
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1answer
48 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 ...
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1answer
100 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 ...
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29 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 (...
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1answer
79 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 ...
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30 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 ...
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1answer
45 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? ...
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1answer
37 views

Capital losses treatment

I incurred capital losses as a resident alien in the USA. Now, having left the USA, I am a non-resident alien and I am given to understand that I do not have to show capital gains or losses on the tax ...
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1answer
47 views

Filing taxes for Canada after becoming non-resident

I left Canada for SE Asia in January 2020, and this will be first year that I'm filing to the CRA from outside of the country, so there are a few things that are unclear to me. I'll probably talk to ...
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1answer
58 views

UK tax for partial residents

During the 2019/2020 tax year, I worked as a full-time employee in the UK for only 3 months and left the country 1 month after that, in August. I then moved back home in Romania and continued to work ...
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34 views

Revolut closing account abroad?

I opened my Revolut account 2 years ago in the UK (at that time it was only for residents in the UK). I moved last year to Sweden to study… I never informed Revolut. My problem is that my passport ...
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46 views

Need to open / operate a NZD (New Zealand Dollar) account as a non-resident (from Australia) [closed]

I'm resident in Australia, and do a large number of small transactions with New Zealand customers. Currently I charge in AUD via PayPal, but some customers send me direct AUD bank transfers (which ...
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20 views

Claiming foreign short term losses in the US from the year before moving to the US

I'm a Canadian citizen living and working in the US since September 2019. In 2018 I incurred capital gain losses (of an investment that was under 1 year) of about 20k USD. I filed these losses in my ...
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1answer
68 views

Tax implications of working from another state due to coronavirus

I work for a company in California which is recommending all employees work from home because of the coronavirus pandemic. I am thinking about working from Michigan instead as an opportunity to visit ...
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1answer
144 views

Nonresident aliens do not need to pay tax on earned interest?

I am a nonresident alien living in the USA and paying federal and state taxes on my salary. I am working in a university in Colorado with a J1 visa which is valid from 06/24/2018. I have a social ...
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1answer
124 views

Personal loan from mother

My mother paid my college fees when I came to America for my master's degree. She also paid my living expenses. All of which amounts to around 40,000$. She paid me this amount between 2015 to 2016. I ...
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1answer
33 views

Transfering from existing Indian account to NRE account

I have a normal Indian bank account, joint with my mother. Now, I wish to open an NRE account as I no longer live in India. How can I transfer money from this existing Indian account to the new NRE ...
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1answer
31 views

Does electing to file a joint return abroad (US citizen with retired alien) eliminate tax due on alien's Soc Sec benefits?

My husband and I are retiring in France. Both of us have US Social Security benefits due us. I am a US citizen, spouse is a non-resident alien. If we elect to file a joint 1040 so that he is treated ...
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1answer
43 views

Do non-resident developers earning through In App Purchases and having their total tax liablity withheld,required to file the form “1040-NR”?

In this link https://www.irs.gov/individuals/international-taxpayers/taxation-of-nonresident-aliens I find it is written only those whose income tax is not satisfied by withholding are required to ...
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1answer
25 views

How to file 8843 form not filed before

I was wondering how an F2 visa with no income who has not filed the 8843 in the last 3 years can file this. I have not been able to find the correct procedure to file these forms. I am trying to file ...
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32 views

Meaning of engaging in US business

Firstly I am completely new to this and not currently engaged in any business. If I sell In App Purchases through Google Play mean engaging in business in US and having to file 1040-NR even after ...
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29 views

Overview of tax for Non Residential Alien

I am completely new to this firstly. Can anyone please give an overview of the forms needed to be filed by a person who is getting income through IN APP PURCHASES on android play store.I am not ...
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51 views

Using Withholding tax to pay Income Tax for NONRESIDENT ALIENS

If I sell games on a popular platform like STE-AM ,and it widthholds my tax and remits it to IRS on my US scourced income do I have to still file Income Tax Return as a nonresident alien.
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1answer
126 views

Employer didn’t treat J-1 intern as employee

I visited the US on a J-1 Visa as an intern for 7 weeks. My employer wasn’t withholding any income for taxes, so I paid estimated tax once I received my final paycheck with a plan for my employer to ...

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