Questions tagged [tax-residency]
The tax-residency tag has no usage guidance.
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Determining residence for tax treaty benefits
I am trying to determine whether I qualify for tax treaty benefits, specifically in the context of the W8-BEN form. I need to submit this form because I hold US stocks, and therefore am taxed by the ...
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Non-resident for UK tax for years, ~£2000/yr UK bank interest, should I have reported to HMRC somehow?
Summary: I am a UK citizen but not UK tax resident, I earn £2,000 a year in interest from UK bank accounts, (and foreign income), do I need to submit a self-assessment to HMRC? Did I need to before ...
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Does it matter where I'm buying stocks, or only where I'm selling them? (from tax perspective)
I'm a Polish citizen but I live in Thailand since a few years, and currently I have tax residency only in Thailand. I've been buying some S&P 500 stocks here on an international stock exchange, ...
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International Student in Canada who interned for 8mo in US - which country am I a tax resident of?
I have a bit of a strange tax residency situation:
I am a Citizen of India, but spent 0 days in India in 2023.
I am an international student in Canada, and spent 4 months of 2023 in Canada (studying ...
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How do I determine the residence for tax treaty benefits on W8-BEN form?
I am an Indian citizen currently working as a researcher on an H1-B visa in the US. Prior to that (Jan 12,2023-October 31, 2023), I was a resident in Canada and will be considered a resident for tax ...
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What exactly are you taxed on as a US resident vs US non-resident? Is this guide correct?
Tax Guide
During the period of time that an individual is considered a US-resident for tax purposes:
All worldwide income is taxed by the IRS at the normal rates. (e.g. basically any source of income ...
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367
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Potential EU Tax Residency and Ownership of US ETFs
I'm currently considering the possibility of obtaining EU tax residency in the future, and I'm aware of the restrictions that EU tax residents face when it comes to purchasing US-based ETFs due to ...
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How is tax residency divided between the US and Canada on the day of arrival/departure?
Suppose an individual who is a resident of the United States has resided and worked within the country from January 1st until May 15th. On the morning of May 15th, they travel to Canada and, in the ...
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Can I choose to be a resident alien tax purposes in the USA and waive my tax treaty rights?
I've recently arrived in California under a J-1 visa from Spain. Most people under these visas file as an non-resident for tax purposes in the US. My understanding is this means means they are paid ...
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HMRC and belatedly declaring tax residency status
Prior to 2018 I was a director in a small business, and as such I submitted my UK tax returns via Self Assessment - the taxes were always straight forward, so I always did them myself without concern.
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What income taxes should I pay if the paid job is done before becoming tax resident and money paid after?
I'm moving to the US in 2 weeks. I'm a Polish independent contractor working with US clients. I expect to obtain work permit within 30 days after arrival.
I do understand the taxation for the US tax ...
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Am I French Tax Resident?
I moved to London from Paris in March 2021 while my wife and son are still in Paris. I was assuming that I am a UK resident for tax purposes till I came across "the definition of 'domicile fiscal'...
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Germany - How are Acc ETFs taxed after the first year of investing? (confused about how I can apply the calculation formula)
I just started investing in 2021 and upon reading how to calculate the tax I owe for my accumulating ETF, I realised I don't know how to apply the explanations found on the Internet to my situation.
...
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475
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Brokerage Account and Non-Domiciled Status in UK
I have recently moved to the UK and want to move my IBKR Ireland account that was linked to my previous French residence status. The UK allows those with non-UK domicile to keep their worldwide income ...
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What is the penalty, if any, for mistakenly paying US federal taxes as US tax resident instead of a non-US tax resident?
Determining the US tax residency can be slightly tricky and as a result I wonder what the penalty is, if any, for mistakenly paying US federal taxes as US tax resident instead of a non-US tax resident....
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Which state income taxes apply on executor income (executor resident state, or state in which probate occurs)?
I am a beneficiary and executor of estates of two relatives that died in WV. I reside in another state, which also has state income taxes.
Do I claim the executor income in my state of residence? or ...
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US - Non-resident for tax purposes married before 31st December
I am a non-resident for tax purposes for 2020. I had 1 allowance set in my W4 throughout the year. I got married before 31st December of 2020. My spouse accompanied me to the US in the following year(...
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Resident Alien but outside of US most of 2020 because of Covid-19
I have been a resident alien for the US for tax purposes between 2016-2019. In 2020, I was in the US only for 15 days and have been in India for most of 2020 because of Covid-19 and working from home ...
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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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Eligibility for stimulus payments
In 2020 I became a resident for tax purposes via the substantial presence test. I also got married in 2020. My wife is from Canada, moved to the US mid to late 2020, but has not yet passed the ...
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European consultant: living and working in the USA, employed in Canada
I am from Europe and a consultant employed by a Canadian University, but I live in the USA (I moved to the USA as my husband received a J1 visa). So now I am trying to figure out where to pay taxed? ...
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UK Self-Employed Income Support Scheme (SEISS) eligibility
Will the fact that I have not been in the UK since 26th of June affect my eligibility for the third and fourth SEISS grants?
My situation:
I have been unable to work due to COVID since March.
I have ...
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I plan on working for a US company from abroad for three months. Do I need a US address at this time to remain a tax resident of my state?
I am considering spending three months abroad while working remotely. While I plan on returning to my current state (New Jersey), I do not want to continue to pay rent when I'm not here, which means I ...
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F1 OPT, marriage to Canadian citizen, FICA taxes and tax filing status
This year is a complicated one for me for tax purposes. I've been in the US since mid 2015, with F1 status. I currently still have F1 status, with OPT.
If I've understood everything correctly, I ...
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66
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Can one be a California tax resident while not being a US tax resident?
I read on Page 4 of FTB Pub. 1031 2019 (mirror) (I italicized the important passages):
[Section E:] Who Are Residents and Nonresidents
A resident is any individual who meets any of the following:
...
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Is an individual who hasn't been in California in 2019 but is domiciled in California throughout 2019 a California tax resident?
I read on Page 4 of FTB Pub. 1031 2019 (mirror) (I italicized the important passages):
[Section E:] Who Are Residents and Nonresidents
A resident is any individual who meets any of the following:
...
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0
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Form 2555 (Foreign earned income exclusion)
I am filing my 2019 US tax returns as resident alien, but during the later part of 2019, I paid taxes in India on Indian income. Should I fill out Form 2555 to claim foreign earned income exclusion?
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Canada: province of residence on December 31 for emigrants
Page 1 of the Canadian T1 asks, "Enter your province or territory of residence on December 31, 2019." If I emigrated from Canada during 2019, what do I enter, and why? Specifically, are there ...
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Publication 523 - "residency" on "Gain Exclusions" selling primary residence
Part of the Publication 523 from the IRS guides on Capitol Gains states the following:
"If you were ever away from home, you need to determine whether that time counts towards your residence ...
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Where is the fiscal resident of international students receiving scholarship
I am a citizen of Turkey, and I am studying in Germany while receiving a scholarship from the German government.
Where is my fiscal residence?, i.e where is my tax-residency?
Edit:
I have no other ...
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When flying to and from the United States, from/until what time does it count as days of presence from an IRS tax residence standpoint?
When flying to and from the United States, from/until what time does it count as days of presence from an IRS tax residence standpoint?
For example, if my plane entered the US airspace at 20:00 on ...
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Is it foreign income when you sell cryptocurrency and realise a capital gain in the UK?
Crypto networks are not run by any specific government or group of individuals, compared to other securities like US shares.
So what is the geographical status-quo of cryptocurrency for UK tax ...
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Understanding tax credit relief in double taxation agreements
I have a hard time understanding tax credit reliefs in double taxation agreements (DTAs). Take the following scenario:
Alice is only resident in Country A
Alice owns shares in a company Acme only ...
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Can I let HMRC know that I left the UK online?
As per Tax if you leave the UK to live abroad:
You cannot use HMRC’s online services to tell them you’re leaving the UK. Instead, you need to:
send your tax return by post
use commercial software
...
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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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What is the income tax exemption proration policy for Massachusetts part-year residents?
I moved to Massachusetts in the second half of 2019 and started a new job. I'm trying to calculate my exemption for the 2019 tax year. The "2019 Massachusetts Nonresident or Part-Year Resident Income ...
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Is there any country that gives tax residency without living there?
Is there any country that gives tax residency without the need to live there for most of the year? Most countries I've read about need you to live there a substantial part of the year (among other ...
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Am I a US resident?
I came to USA in August 2015 on a F-1 visa and switched to H1-B visa in Jan 2020. As per the substantial presence test, I will only become a resident alien after 183 days.
My questions are,
I have ...
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144
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How do I determine US state residency and income source for income tax filing?
This year I have a somewhat tricky situation for state income tax filing (US). I am a professor at a university in Colorado, but I'm spending the academic year in Connecticut on sabbatical leave, ...
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International Income Tax
Can a citizen of one country be charged income-tax by another country even if he/she has never resided in that other country based on income sourced through customers of that country?
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Forced to file W-9 even not passing Substantial Presence Test
I just moved to the US in September. Because I receive salary in the US, have a US address and US driver's license and everything, Fidelity, where I have a company stock plan account, my bank, and my ...
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Income present but no tax residence. What then?
Many countries have this 187 days rule: if you’ve lived and worked for more than 187 days in that country you’re automatically a tax resident there. But what if you change countries frequently, let’s ...
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Residency for tax purposes if visa switched from H4 to F1?
I came to the US in 2007 on an H-4. Then in 2017 I switched to an F-1 visa. Am I a resident for tax purposes? I keep reading that on an F-1 you are "exempt" from the substantial presence test for 5 ...
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UK tax residency - how is it checked?
I am just reading RDR3 Statutory Residence Test document from HM Revenue & Customs. It says that you have to be in the UK at midnight in order for the day to be counted as the UK taxing day.
I ...
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With constant travel, is it possible to not have a tax residence?
We're in the EU (EU passports) and planning on spending the next couple years traveling. Income is coming through a company I have set in a country I was never a resident of.
The only taxes I'm ...
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What dissuades people from lying about where they live in order to reduce state income taxes?
Lets say you work in Chicago and live in Chicago but put your home address as somewhere in Indiana. Then every week you collect the mail that is being sent to you in Indiana. Wouldn't you save a lot ...
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Is it legal to open account and invest in my born country if I am currently working in Japan?
I have my identity and I am able to open investment account (for ETF, stocks and FX) in Hong Kong. I now hold a working visa and work in Japan.
The tax rate is high in Japan and my Japanese is ...
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Investments with constant change of residence around the world
Let's suppose I have a given amount of money that I desire to invest for a long-term goal, e.g. 15-20 years, and that my job makes me change residency in several parts of the world, i.e. during this ...
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How come I am not tax resident in any country when moving abroad
I recently moved from UK to US and I am having trouble understanding tax residency matters. In particular, it seems to me that I am not resident in any of the two countries. Indeed:
I pass the first ...
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Split residence
My question is related to split residency. I am moving to Florida from Hawaii. My wife refuses to leave Hawaii and is going to stay in her house. She is retired and has a pension and social ...
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