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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74 views

Status of US brokerage account of non-domiciled citizen

I have a brokerage account with Ameritrade (now owned by Schwab) that I’ve held for almost 25 years with almost all my savings there. Recently I left the US and have decided to settle in Spain. Can I ...
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31 views

Non-resident alien tax rate on income from TD Ameritrade's Fully Paid Lending Income Program

TD Ameritrade has a "Fully Paid Lending Income Program" that brokerage clients can join to allow TD Ameritrade to loan out the brokerage clients' shares. Clients are paid a 50% split of the ...
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50 views

Taxes, ETF domiciled in Germany for non residents

I have been living in Germany and investing in an ETF EXXT.de that is domiciled in Germany. However, all the companies in that ETF are US companies. When i leave Germany, am no longer resident and ...
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23 views

IRS filing obligations for non-resident shareholders of a US c-corp [closed]

I'm thinking of forming a micro-sized US c-corp and I have some questions related to the filing obligations. I plan to have two non-resident shareholders on board, one non-resident individual holding ...
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18 views

US nonresident alien tax when selling master limited partnership that has no Effectively Connected Income

A US nonresident alien wants to sell a few shares of a publicly-traded master limited partnership (MLP). The MLP happens to generate no Effectively Connected Income (ECI), and has never generated any ...
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40 views

How much of a bond ETF's dividends are tax-free for US non-resident aliens?

Normally, for US non-resident aliens, the withholding tax on dividends is 30%. However, dividends that qualify as "portfolio interest" are not taxed (i.e 0% tax). When a US domiciled bond ...
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43 views

What are the stock fees charged on nonresidents?

When a foreigner invests in the US stock market, are the dividends taxed at 37%? What if the stock does not pay a dividend? Will foreigners be charged anything if the stock does not pay a dividend? Is ...
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32 views

US taxation of dividends for non-resident aliens: corporation vs master limited partnership

A US non-resident alien wishes to invest in a company: Brookfield Infrastructure. Two securities are available for this purpose: Brookfield Infrastructure Partners L.P. (NYSE: BIP), and Brookfield ...
4
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1answer
85 views

401K balance while in foreign company branch

I have transferred from a US company to a branch in home country. I'm paid through local country payroll and have no ties with US or the US branch payroll any longer. When I requested a distribution ...
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25 views

F-1 Student trying to fill W8-BEN form

I am an Indian citizen, F-1 Student in U.S, working for a U.S employer on my initial OPT. I am considered as a Non Resident Indian in India and a non resident alien in U.S for tax purposes in ...
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60 views

How can I can I cash American checks when living in the Netherlands?

My wife and me have worked in the USA from 1968 until 1978 we are Dutch citizens and receive every month retirement payments in our Dutch bank account. We received $600 and $1400 stimulus checks each ...
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24 views

Do non-resident aliens have to pay US taxes on dividends from ADRs?

If a US non-resident alien owns some shares of an ADR that pays dividends, does the US government collect any tax on those dividends? I understand that, for non-resident aliens, there is a 30% tax on ...
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24 views

Form 6781 and position close date when becoming different state resident?

It seems that Form 6781 Part 1 does not allow to specify position close date. This is where I believe, for example, VIX option trades should go. And it seems that TurboTax in case tax filer moved ...
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1answer
24 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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128 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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40 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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45 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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90 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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2answers
85 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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0answers
47 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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0answers
44 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
27 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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19 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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21 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
28 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
32 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
194 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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24 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
31 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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1answer
187 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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24 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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1answer
24 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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2answers
82 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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2answers
83 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
73 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
150 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
95 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 ...
2
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1answer
93 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
22 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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0answers
26 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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0answers
36 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
44 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
88 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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43 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
86 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 ...
3
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1answer
73 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
65 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
53 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
97 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
203 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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