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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33 votes
7 answers
124k views

Can I open a US bank account even if I don't live in the country?

I'm Swedish, but living in Switzerland at the moment. Can I open a US bank account? Either when in the US on vacation or through the internet/phone? There are lots of situations when I find myself in ...
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-3 votes
1 answer
2k views

F1 student, as a non-resident, filing married separate tax return with US Citizen wife [duplicate]

Possible Duplicate: F1 student, as a non-resident, filing a joint tax return with US Citizen wife My income through CPT, as a F1 student for 2012 was $42k, of which I have paid $1300 in state and ...
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  • 453
4 votes
1 answer
532 views

Indian Demat account

I just converted my savings account to NRO and created a new NRE account. Now the bank is asking me to convert my demat to NRO demat where I need to close my exising demat account and open a new NRO ...
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4 votes
1 answer
99 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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2 votes
2 answers
12k views

Opening US Bank account for US citizen while abroad [closed]

I am an American citizen with a social security number, but I'm currently living abroad and am not planning on visiting any time soon, and I don't have any state-issued ID. Is there a bank that will ...
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  • 171
2 votes
1 answer
394 views

Transferring Money from India

I am living in US for 17 years and became US citizen October 2015. My brother who is living in India gifted me the property in India, July 2015. He registered that property in my name in 2014, that ...
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  • 21
10 votes
7 answers
7k views

Bank account in Germany for non-residents?

I'm an EU citizen currently working in Germany. I have a bank account there, but when my contract ends, I'll probably migrate to other country, but it's likely I'd return there after some time. I ...
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5 votes
2 answers
916 views

How to realize capital gains before going from non-resident alien to resident alien in USA

I am a foreigner and will move to USA next year (2016) and want to optimize my tax situation beforehand. I bought stocks in 2009 which appreciated in value but I would still like to keep them. So my ...
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  • 51
4 votes
2 answers
10k views

Can I apply for an ITIN without filing a tax return?

I'm a nonresident alien (Canadian working online earning money from a US company). Currently, they're paying via mailed cheque, but I'd rather be on their payroll. However, in order to do that, I need ...
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4 votes
1 answer
370 views

Can a non citizen who lives abroad but has paid SS tax for 40 quarters get the benefit?

I paid SS tax for 40 quarters when I was a permanent resident of US. Now I live abroad. Will I be eligible for getting social security benefits? Most likely the answer is no but why not ask? :-)
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4 votes
3 answers
282 views

Federal taxes for nonresident alien whose only income in 2016 was a 2015 state tax return

I am from Europe, and I did an internship in the US (California) in 2015. When filing my 2015 taxes, I ended up having to pay some small difference for the federal taxes, but got a refund on my state ...
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3 votes
1 answer
25k views

Transfer from regular savings to NRO account

I have a regular savings account in India and a NRE/NRO account as well with a different bank. I just haven't gotten around converting my regular savings to NRE/NRO. Can I move my funds from regular ...
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  • 131
2 votes
2 answers
168 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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1 vote
1 answer
81 views

Non-US resident: tax comparison for ETF domicle in US vs Ireland

I am a non-US resident. I am evaluating taxation on US-domiciled ETF vs Ireland-domiciled ETF. Assumptions The country of the investor's residence has tax treaty with the US (the withholding tax in ...
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  • 127
1 vote
2 answers
1k views

Tax on Money transfered to India from UK?

I'm from India came to UK on Feb 4th 2014 and I will be in UK till Sept 30th 2014. I'm earning money in Pounds, and paying tax as per UK tax policy. I could save some money which I transferred to ...
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  • 11
0 votes
1 answer
196 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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  • 1,034
7 votes
3 answers
41k views

U.S. credit/debit card for non-U.S. citizens to use on e-commerce sites to buy digital goods, e.g. ebooks?

I am neither a U.S. citizen nor resident there — I live in southeast Asia. I want to be able to buy Kindle ebooks on Amazon.com, and to shop on other U.S.-based e-commerce websites for digital ...
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  • 829
3 votes
1 answer
6k views

Opening a bank account in the USA as a foreigner

I am a mozambican citizen and would like to know whether I can open a bank account in the USA. I don't live in the US but am planning to buy a house and put it on rent. What requirements should I meet ...
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  • 31
3 votes
1 answer
52k views

Can I transfer money from an NRE account to a USA checking account?

I want to transfer some money from USA checking account to my Indian NRE account to get the benefit of a good interest rate. But when I need this money back in USA, can I transfer money from my NRE ...
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  • 163
1 vote
2 answers
6k views

1040NR-EZ: Previous year's paid state tax & Itemized deductions

I am a using the online-tax software (Glacier) to generate my 1040NR-EZ or 1040NR form, and have paid a state tax in the previous year tax return. For this year's return, I am unsure whether I should ...
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  • 11
5 votes
1 answer
3k views

Any banks in Hong Kong offer credit cards to non-HK residents?

Any way to get a credit card in HK without holding a HK ID card? Are there any local regulations preventing banks from offering that, or do the banks simply not want to bother? I tried HSBC and was ...
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  • 1,125
3 votes
1 answer
304 views

Bank has asked me to close my IRA

Just got this note from Wells Fargo: Please be advised the restriction will not be removed from your WellsTrade Traditional IRA brokerage account xxxx-xxxx, because you do not reside in the United ...
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8 votes
4 answers
9k views

How can a U.S. citizen open a bank account in Europe?

Since interest rates are higher in the Eurozone than in the U.S., I'm exploring the possibility of opening a Eurozone bank account. For example, ING Direct is offering 3.5% on a 12-month CD, whereas ...
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4 votes
1 answer
3k views

Tax consequences of working for US company from India

I found a job at a US-based company, and I would like to do all my work for that company while residing in India. My questions are: Can said company deposit my salary check directly into my account (...
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  • 43
4 votes
4 answers
23k views

In the UK is it illegal for banks to open current accounts for non-residents/tourists?

To phrase it another way, if a Singaporean tourist walks into a MetroBank or HSBC branch in London, would the bank be allowed by the FCA to open a current account (at the branch managers discretion ...
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  • 41
3 votes
3 answers
1k 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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  • 1,034
2 votes
1 answer
195 views

Is a US expat with savings in multiple currencies considered to be investing in the non-USD currency?

I am a US citizen who has been residing and working in Cabo Verde, so have been primarily earning and spending escudos. I have money in checking accounts in both countries, each in the currency of ...
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  • 465
2 votes
0 answers
95 views

Receiving money in US for work performed overseas

I previously lived in the US on a work visa and so have a bank account there, but am now living overseas (with no tax residency status in the US). I am performing freelance contract work for a US ...
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  • 151
8 votes
2 answers
10k views

Non-Resident Alien investing in a Vanguard mutual fund: is this allowed?

first a little bit of background about me. I'm a phd student on an F1 visa. I have been in the US for a little over 2.5 years and I expect to stay here for about the same length of time. Because I've ...
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  • 181
6 votes
1 answer
3k views

Transferring money from Foreign Account to NRO Account in india - is it taxable?

I'm working in Maldives. I'm transferring money from my Maldives savings account to my Indian Savings account(NRO). Will it be taxable in India? Again I'm transferring the money from my Indian ...
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5 votes
3 answers
27k views

I am not a U.S. citizen. What happens to my 401K if I have to go back to India?

I am not a U.S. citizen. What happens to my 401K if I have to go back to India? Can I distribute (withdraw) my money at that time without paying the penalty?
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  • 51
5 votes
1 answer
5k views

Personal bank account for non-resident in UK

I have just received a job offer in the UK (for a UK company) and i want to open a personal account with a UK bank to receive my salary and avoid international fees. I've read around the web about UK ...
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  • 151
4 votes
1 answer
800 views

Is it okay to write "non-resident" for non-resident alien spouse's SSN?

I live outside the US with my non-resident alien spouse. I want to file as married filing separately. However, in online tax preparation software, it always forces me to enter an ITIN or SSN for my ...
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  • 143
4 votes
1 answer
165 views

Can U.S. citizens make sensible retirement plans while abroad?

Accidental Americans (perhaps born in the US but never lived or worked there) are still required to file U.S. tax returns in perpetuity. One of the many problems with this is that tax deferred ...
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  • 51
4 votes
1 answer
1k views

As of 2017, can I file 1040NR or 1040NR-EZ online?

Is there a service that is currently able to file the US tax forms 1040NR or 1040NR-EZ electronically? I have moved out of the US so any online service that helps me with paper-filing the tax forms ...
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  • 191
4 votes
1 answer
2k views

Dividends and tax withholding for ETF vs Mutual Fund for U.S. Non-Resident Alien?

I'm a non-US resident alien, considering to invest in either commission-free ETFs and Mutual Funds offered by TD Ameritrade. According to The American Jobs Creation Act of 2004, certain type of ...
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  • 429
3 votes
2 answers
344 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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  • 15.1k
3 votes
1 answer
1k views

As a Canadian citizen living as a legal resident in the United States, with no income: do I need to file in Canada?

I am a Canadian citizen but I married an American and live as a legal resident in the US. My husband supports us and I did not bring in any taxable income in 2012. Do I need to file a Canadian ...
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3 votes
1 answer
217 views

Taxes for a foreign freelancer getting paid in the USA

I, a Mexican citizen, was living in Portland last year and had a TN work visa, but decided to come back home. The company I was working for decided they wanted to keep working with me but as a ...
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  • 31
3 votes
1 answer
255 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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3 votes
1 answer
2k views

Transferring money from Indian NRE account to UK

I am an Indian citizen with permanent resident status in the UK and I need to get some money from India to UK to purchase a property. My father will be gifting me the money and he has the money in his ...
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  • 131
2 votes
1 answer
180 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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2 votes
1 answer
316 views

Independent contractor working abroad for US company - Is my income taxable by US?

Suppose I am engaged in U.S. company as an independent contractor, I am non-resident alien, I work from home - Georgia (country, not US state) and being paid hourly. Contract says that consultant (me) ...
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  • 23
2 votes
1 answer
374 views

How to process IRS check as a non-resident?

I used to live in the US. I filed in my tax returns, then I had to move out of the country, closed my bank account and everything. Now, my ex-roommate received my IRS check. I was wondering, how can ...
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  • 123
2 votes
2 answers
13k views

What capital gains taxes do non-resident Canadian citizens owe?

I live in the Caribbean. I remain a Canadian citizen, but a few years ago I declared myself a non-resident for tax purposes. Assuming I have no income in the Caribbean, and I make $100,000 on stocks ...
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2 votes
1 answer
856 views

Is state tax refund for nonresidents taxable

If I received a state tax refund as a nonresident (non-resident alien), is that considered a taxable income? From an answer on turbotax support, it seems that such income is considered not taxable. ...
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  • 35
2 votes
3 answers
6k views

Can a F1 student file, as a non-resident, a joint tax return with US Citizen wife

My income through CPT, as a F1 student for 2012 was $50k, of which I have paid $300 in state and federal taxes as I was a part time employee of a company from Jan - March 2012 (income ~$13k). I then ...
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  • 453
2 votes
1 answer
133 views

US Resident with a full-time job for a US company started a contracting job for a UK company in his free time

Background I'm not a US citizen but I've been living and working as a computer engineer in US on a work visa (OPT) for the past ~3 years and previously went to a university in the US as well. Based ...
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  • 23
1 vote
1 answer
926 views

self directed RRSP for a non resident

I am a US resident and want to take money out of my superannuation municipal plan and have it converted to an RRSP. However, some banks don't allow you to obtain a self directed RRSP if you are not ...
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  • 11
1 vote
1 answer
3k views

Transfering money from NRE account in India to family member

I am a US citizen and I want to transfer some amount 10 lakhs+ to my brother from my NRE account in India to his account. My brother is going to purchase something for his business. He is going to ...
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  • 171