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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14 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 ...
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35 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
20 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
36 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
57 views

Claiming standard deduction on 1040 NR while not being a student

I am now physically located outside the USA (in India) and am not a student, but have financial assets in the USA generating income. I purchased these assets while I was in the USA and continued to ...
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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
38 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
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
44 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
17 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
63 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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19 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 ...
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2answers
5k views

Do nonresidents of Canada have to pay income tax on interest income earned in Canada?

I am a Canadian citizen, but nonresident of Canada for tax purposes. I currently live in the US. I have a savings account at a Canadian bank in Canada and have earned a little bit of interest, around ...
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1answer
149 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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2answers
186 views

Tax forms to report Capital Gain/Losses for Non-Resident Alien on F-1 visa?

I am a non-resident alien on F-1 Visa. I recieved a W-2 from my employer. I have also sold stocks and etfs through robo-advisors. I have recieved forms 1099-B and 1099-DIV from them. Where should I ...
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2answers
53 views

Liability for US taxes on foreign company held by non-US citizen spouse?

I am a U.S. citizen, but my wife is not. If I own a foreign company, I am subject to Section 965 Transition Tax, Form 5471 and Self Employment Tax regardless of where I live. If we are living outside ...
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1answer
598 views

Non resident working for a UK company from abroad and receiving on UK account - taxable?

I have been living in UK for 1 year and working for an UK company for the past months. Then my visa expired and I returned to my home in Brazil. However me and that company intend to keep me working ...
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1answer
176 views

Repatriate money from NRE account to my UK account

I have an NRE account in India and a UK bank account here as I am a British Citizen and OCI. As Interest rates in Indian banks are far better than in UK, I plan to have Fixed Deposit in NRE account ...
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1answer
57 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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30 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
100 views

Can I be taxed if a colleague from abroad sends money to my NRI account in India?

I'm residing in USA and have some property in India. An acquaintance of mine who is residing in Dubai has rented that property. Can he send the rent to the NRE bank account I had taken for while I ...
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1answer
123 views

Non Resident Indian taxes 2016

My husband is on F-1 OPT. We are filing Form 1040 NR (under married filing separately. Although I don't have any income. AM on F-2, not filing taxes). Together with the Form 1040 NR we are filing: ...
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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
98 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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1answer
115 views

Non resident: Do I need to pay any state taxes for 2019?

I lived and worked in US in 2018 and filed both the federal tax and the state tax (CA) in 2019. I left US in 2018 Dec and settled in new country. For 2019, I got married and lived outside US for the ...
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28 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
77 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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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
43 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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0answers
24 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
163 views

Tax Return Married NRA: Is Glacier Tax Prep fill the 1040NR out correctly?

I am an F1 student (NRA) and Married. Based on the new 1040NR(-EZ) instruction a married NRA cannot claim more than $5,000 deduction (1040NR Instruction). Glacier Tax Prep is a software provided to ...
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1answer
771 views

Does an extended stay hotel qualify as “living quarters” for New York tax form IT-203?

I was in New York City for about 3 months last summer for an internship. During that time, I lived in an extended stay hotel (in NYC). Item H of the New York tax form IT-203 asks whether I "had ...
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1answer
274 views

US taxation of stock purchase plan for non-resident alien

An individual in USA is a non-resident alien for tax purposes for the whole year. He works for a US corporation in US. He buys stocks under the stock purchase plan of the company and sells it in the ...
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1answer
90 views

Right account for local purchases, loan EMI, and investments

I am an Indian citizen working in Singapore. I have an education loan for which I have monthly EMIs. Currently I transfer money to my parents account and they pay the loan EMIs. Kindly advise on: ...
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33 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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0answers
44 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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2answers
2k views

Non-tax-resident of Canada needs to pay taxes for investment account earnings?

if a person were to be a non-resident of Canada without jobs, a spouse, kids, asset (houses, cars etc.) in Canada, then that person would not be obliged to file a tax report. However, if that person ...
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0answers
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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2answers
1k views

Is it possible to trade in UK's investment ISA after moving abroad?

I am EU citizen and the resident in UK holding an investment ISA. I will be moving back to my home country this year and I was trying to find out whether I would still be able to trade in my ISA after ...
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1answer
128 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
102 views

Taxation of capital gains by USA from cryptocurrency of Russian student on an F-1 visa

I am from Russia and I currently study in the US on F-1 visa. Last year I did some cryptocurrency trading which is taxed as capital gains in the US. US-Russia tax treaty says that: Capital gains on ...
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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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1answer
61 views

NRE to foreign account transfer

Can I transfer money from my Indian NRE account to my sister's savings account in UK bank?
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1answer
802 views

How do I fill in a W-8BEN for for sites such as Zazzle as an individual?

I have have some cash sitting (and growing) in a Zazzle.com account for a while. In order to have this cash paid to me as a U.K. citizen still living in the U.K., I need to submit a W-8BEN form. I ...
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1answer
30 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
110 views

IRA withdrawals and taxation as non-resident alien

I left the USA for India in January 2019. I retained my traditional IRA and 401(k) accounts because there is a penalty for premature withdrawals apart from the tax liability. Can I convert part of ...
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1answer
231 views

how can I travel to to open a US bank account as an EU tourist?

Am a German citizen and I would like to open a checking account in USA, no matter which bank, important is the fact that I can have a Zelle service and that I actually can handle to manage the account ...
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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
41 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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