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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1answer
3k views

Nonresident alien F-1 student in the US received 1099-K for robo-trading cryptocurrencies, which form to fill and send to IRS

I am an F-1 student in the US and I've been running a high frequency trading bot on GDAX. Coinbase notified me that they've filed a 1099-K form to the IRS on my behalf which contains astronomical ...
4
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2answers
357 views

Moving from USA to India, and will be working remote. Where should I get paid?

I am an Indian citizen and have resided in the US for more than 5 years and will be moving back to India soon (because of idiotic laws that prevents an H4 visa holder to work remote for an overseas ...
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1answer
11k views

Does the pattern day trader rule apply to non-US citizens?

The Securities and Exchange Commission website says: FINRA rules define a “pattern day trader” as any customer who executes four or more “day trades” within five business days, provided that the ...
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2answers
245 views

Non-resident alien tax

Our daughter-in-law is a Guatemalan citizen and a ‘green card’ holder since 2014 (the year she married our son- a U.S. citizen). They are foreign missionaries and have lived in Guatemala since 2015. ...
2
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1answer
554 views

Am I a resident or a non resident for tax purposes this year? [duplicate]

I am on H1 B visa since Oct 1, 2017. Last year, I was on F1 OPT. I am filing a Married filing jointly with my wife (is on H4 without any income). I am planning to fill in Form 4868 for extension and ...
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0answers
111 views

Tax implications of U.S. company granting non-qualified stock options (NSO) to a non-resident?

I am a non-resident individual outside USA who has been granted a NSO stock option in a US start-up. I have an early access option on 10000 shares that vest until 2021. I am trying to understand if ...
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1answer
1k views

NRE to savings account

I am living abroad for the past three years on a student visa, and therefore fall in the 'NRI' category. I have a NRE account where I had sent some funds from abroad. Lately, I have been thinking to ...
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0answers
13 views

Transfer money from US checking/saving account to NRE account [duplicate]

I want to transfer money from my US saving/checking account to Indian NRE account. How can I do it? Will transferring directly from my US account to bank account will give me best rates? or Should I ...
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0answers
93 views

Can I file for federal tax returns for the year 2016 from India?

I was working in US in 2016 while on a project but now I am in India. How do I file for tax returns from India for 2016? I tried e filing through an agent last year but I provided my US postal ...
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1answer
8k views

Tax implications on money transferred to NRE account from USA

I am on the H1B visa in the United States. I want to send money to my NRE account in India. Now I know I need to file Form 709 if I send/donate more than $14,000 per person per annum and anything more ...
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2answers
300 views

How to invest in Index Funds in India?

Being a Non-residential Indian (NRI), and being a complete "Newbee" in investment, I wish to know, how to invest in Index Fund in India? What steps are needed?
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1answer
288 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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1answer
136 views

Should I submit a tax declaration if I've been working in USA only about 30 days in total?

For a while I've been working and living in USA (and paying taxes of course) as a L1 visa holder. In February 2017 - I've left the job (so L1-based work permission is invalidated), left the country ...
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1answer
49 views

Can a non-resident Indian continue to use existing resident savings account?

I have read at various places that the answer is no, but would like references. Also, please define what non-resident means in this context (e.g under the IT act vs FEMA act).
2
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1answer
385 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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1answer
5k views

How do I transfer regular savings to an NRE or NRO account? [duplicate]

I have a regular saving account with some amount in it, now I am an NRI so I want to either switch my saving account to NRE account or I want to transfer money from savings account to an NRE or NRO ...
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1answer
103 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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2answers
785 views

Transfer money from India to US

I'm an NRI living in US. I want to transfer about 60 Lakhs INR from my NRO account in India to my US bank account. Entire money need not be transferred in one shot. It is fine to transfer it in parts. ...
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1answer
88 views

Not reporting very small income on my U.S. account while I live abroad

I grew up and lived in the U.S. until graduating from university. After graduation I took a job abroad where I have been living now for 5 years. Since beginning my job, I have been filing a U.S. tax ...
2
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0answers
400 views

Tax rates when C-Corporation pays salary to the owner who is non-US resident & non-US citizen

I am non-US resident and non-US citizen (i.e. NRA, nonresident alien). I would like to open C-Corporation in Florida. I would be the only owner and shareholder of the C-Corp. I know what are the ...
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0answers
22 views

Any DTC Registered Brokers for Indian trying to exchange restricted units to ordinary shares?

I am an ex-Broadcom (BRCM) employee laid off during 2014 Aug before it is sold to another company Avago. During my tenure at that company I received some RSU s which were converted to restricted units ...
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1answer
239 views

Help filing US tax return using form 1040NR

I am a married International student on F1 Visa in US. My spouse is here on a dependent VISA. I applied for my tax return using form 1040NR with an ITIN application for my wife at the one of the ...
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2answers
6k views

In the U.S as F1-visa student, I used TurboTax and filled the wrong form twice

I unfortunately filled my taxes using TurboTax as an International student twice and got money back before I found out it was incorrect for me to use that system. I have not filled the 8843 form ...
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1answer
1k views

Gift amount that can be received in one year from Foreigner

I am a US Citizen . What amount can I receive as a gift in one year from my parents who are not US Citizens [or green card holders]. Do I have to declare these gifts and is it to be declared at the ...
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1answer
154 views

Send money from USA to India and use that money to buy shares on my name

I am NRI and I have NRE/NRO account. I want to transfer money to my parents in India. What would be the best way to transfer money (send money to NRE account or send money to my parent's account)? ...
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1answer
909 views

Transfer from family's resident savings account to nro account

I am an NRI working in Singapore. I have recently opened an NRE & NRO account. I understand it's illegal for me to now hold a normal savings account in India. I have cash that is to be transferred ...
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1answer
113 views

Transfer from a NRE account to Ordinary Account

Suppose I transfer a amount from my Aunts NRE account to my Bank account India. I then repay this amount to my Aunt in her US bank account after a period of 2 months. I will show this either as a ...
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2answers
61 views

NRI Feelacing for a European coutry outside India

Does a Non Resident Indian freelancing for an European company , but getting paid in Indian account, have to pay Indian Income tax.
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1answer
4k views

How does the bank/IRS know whether a bank transfer over $14k is a gift or loan repayment?

Suppose I want to help a relative, an international student, pay his college tuition before he arrives in the US (let's say the amount is $20k, i.e., over the $14k tax-exempt limit for gifts). He'll ...
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3answers
515 views

Germany Tax Question - Non-Resident and not employed in Germany

I'm planning to open a personal bank account in Germany very soon and I need this clarified before I do that. Some info: I don't have German Citizenship I do not live in Germany and I don't plan on ...
2
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1answer
124 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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1answer
491 views

Property sale in India and transfer money to USA to invest in property

I have a property selling in India to another NRI who is willing to pay money to my NRE account in India and transfer to my USA bank account. Can you guide me what and how to work on this issue in ...
2
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0answers
152 views

Rental income and mortgage interest deduction for married non resident alien

My wife and I acquired a property in the US in 2016 with a US mortgage. We started renting it that year and have been managing it ourselves since then (no rental management company). We are both ...
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1answer
726 views

Moving from India to US on Immigrant Visa - Money Repatriation

Apologies if this is a repetitive question. I am moving to US on immigrant Visa. I do not have a NRE/NRO account, I have FD's which are maturing and I would like to en cash and take the money to US ...
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1answer
2k views

1040NR-EZ, no Schedule A, did I claim itemized deductions?

I filed the 1040NR-EZ form for the federal return in 2015. On line 11, Itemized deductions, I entered the result of the "Itemized Deductions Worksheet" (just the state taxes that were withheld from my ...
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1answer
183 views

Want to gift stock shares to non us student. What do I need to do?

Want to gift shares of stock to a non-US students studying in US. What do I need to do? What does the student need to do?
2
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1answer
3k views

What are tax implications in NRE/NRO Account

I am a service holder having Indian nationality and residing in Finland for more than 14 months. I do not have any income such as from rent etc in India. I have couple of bank accounts (normal ...
4
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1answer
763 views

How do I move my 401(k) money to an overseas account?

I have lived in the United States and have a sizable amount of money in a 401(k) managed by MassMutual there. However, I'm looking at buying a home where I currently live, and the exchange rate is ...
2
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0answers
160 views

What are the requirements to set up a Deutsche Bank account?

I'm 17 and would like to move to Germany when I graduate high school in the US to study there. I will be visiting friends in Berlin this Christmas to scout out universities and possible living ...
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1answer
57 views

Transfering funds from India to the US

I am a US Citizen doing business in India as well as US. Can I transfer funds from India to USA which I have borrowed in India. Is there a limit on one time transfer of funds from India to the US?
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1answer
145 views

Non Resident aliens - Question of standard vs itemized

My wife and myself are on a student visa and are from India. We are married filing separately this year. According to the Usa-India tax treaty we are eligible for $6300 Standard deduction or ...
5
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1answer
285 views

My employer is refunding incorrectly witheld FICA. Do I need to wait for W-2c to file?

My employer withheld FICA taxes and generated a W-2 based on it. I see the error and report it to them. Now they are refunding the FICA taxes and will issue a W-2c. They say you can proceed with ...
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2answers
2k views

What filing status should two married non-resident aliens use?

I have F1 visa and my wife has F2, both non-resident. My university had a program to help students do their taxes. So they helped me (using their software) to fill and print forms, one of which is ...
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1answer
127 views

Dual status tax filing and residency starting day

In example 1 on the IRS website about alien residency examples the IRS arrives at the conclusion that Wei Wu's residency starting day is 01-01-2016 (he passed the substantial presence test on 07-01-...
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1answer
1k views

Transfer fund from NRO to NRO in Kerala

Is there any restriction to transfer fund from NRO to NRO in Kerala. I have NRO account with CSB. I would like to transfer fund from NRO to another NRO account in Kerala in to a different bank. How ...
5
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1answer
336 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 ...
0
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1answer
150 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: ...
2
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1answer
136 views

Paying the IRS money owed in Tax returns without an ITIN

I am a non-resident alien I am filling the 1040NR-EZ Since it is my first US tax return, I do not have an ITIN. Hence, I am joining a W-7 to create an ITIN at the same time My tax return says that I ...
7
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1answer
3k 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 ...
4
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3answers
266 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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