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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.

30
votes
6answers
122k 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? Lots of situations when I find myself in need of ...
2
votes
1answer
289 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 ...
-3
votes
1answer
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 ...
3
votes
1answer
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 ...
4
votes
1answer
441 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 ...
5
votes
2answers
538 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 ...
1
vote
2answers
143 views

Capital losses from stocks - carryover, and offsetting gains / income for NON-RESIDENT ALIENS

I'm a PhD student filing a tax return for 2018 on 1040NR (non-resident alien) - married filing separately. In 2018 - I had a considerable capital loss (there were no gains). when filling my tax return ...
4
votes
3answers
224 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 ...
4
votes
1answer
358 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? :-)
3
votes
2answers
8k 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 ...
1
vote
2answers
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 ...
1
vote
2answers
9k 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 ...
0
votes
1answer
131 views

Is tax owed on money sent to India through an NRO account?

I need to transfer money from my Saudi account (NCB) to India through my own NRO account. Should I have to pay tax for this transaction?
7
votes
3answers
40k 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 ...
1
vote
2answers
4k 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 ...
5
votes
1answer
2k 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 ...
3
votes
1answer
210 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 ...
8
votes
4answers
8k 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 ...
4
votes
1answer
1k 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 (...
3
votes
2answers
883 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 ...
2
votes
1answer
135 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 ...
2
votes
0answers
48 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 ...
1
vote
1answer
2k views

How to bring NRO money from India to UK

I have several rupee insurance policies that are maturing soon, and I have NRE and NRO accounts in India. I live permanently in the UK and looking at ways to bring the funds over. My Indian bank ...
8
votes
2answers
7k 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 ...
5
votes
1answer
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 ...
4
votes
3answers
26k 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?
3
votes
1answer
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 ...
3
votes
1answer
217 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 ...
3
votes
1answer
24k 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 ...
3
votes
1answer
89 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 ...
3
votes
1answer
1k 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 ...
3
votes
1answer
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 ...
2
votes
1answer
265 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) ...
2
votes
3answers
4k 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 ...
2
votes
2answers
1k views

Conversion of House Sale Proceeds in INR to USD or CDN$ for transfer to Canada

I am a Canadian Resident that just sold my house in India and I understand I can repatriate the proceeds in INR converting to US$ or CDN$ in my NRE account and then move it to my Canadian Bank. Which ...
1
vote
2answers
67 views

Changing the address of an LLC and tax requirements

I'm neither a US citizen nor do I reside there. I have a single-member LLC registered in the state of Wyoming, US with a Wyoming virtual office address and an EIN. I'm not satisfied with the services ...
1
vote
2answers
1k views

US citizen married to non-resident alien; how do I file taxes?

I'm a U.S. citizen, living in the USA, making US income. I'm about to marry my partner, who has NO ties to the USA: he does not live here, he does not work here, he is not paid by a US company, etc. ...
1
vote
1answer
643 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 ...
1
vote
1answer
508 views

Resident Alien after substantial presence test, and employer did not deduct FICA for that year. What to do?

My F1 visa started in Aug 2009, so 5 years ended in 2013 inclusive. 2014 counting 183 days, I would be considered a resident, but my employers exempt me from FICA on the pretext that I was on F1 visa, ...
1
vote
1answer
2k 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 ...
1
vote
1answer
108 views

Savings Bank Account in India - Need to convert to NRO

I have a Savings Bank Account in India. I have moved to Australia. Can I convert this account into an NRO account. What documents do I have to submit?
0
votes
1answer
108 views

Trade stocks in USA

What are the conditions for foreign citizens (and non-residents) to trade on American exchanges? I believe it's possible, but don't know the conditions...
0
votes
2answers
3k views

Determining resident status for an H1B filling W-4 form

I arrived to US a month ago, on May 1st, because of a new work. I have been told by the company to fill W-4 form in. But, it seems that W-4 form must be filled in differently depending on my current ...