New answers tagged non-resident
0
No it is not a scam. The funds are still there. They say that due to FATCA, they have no collaboration with my country. I can get a check, but still would have to cash it in a US Bank, and they can't send abroad.
I have seen others face the same problem. Like the following
https://www.trade2win.com/threads/td-ameritrade-withdrawal-issues.142204/
2
According to the ATO website:
https://www.ato.gov.au/individuals/super/growing-your-super/keeping-track-of-your-super/ato-held-super/
They hold the money for you in a non-investment account for up to 10 years before they claim it as abandonded. It doesn't specify any interest, so it's likely that it doesn't accrue any.
The interest rate is set to the ...
1
Assuming you are living in Singapore for at least a year and you are currently a tax resident of Singapore, I doubt you can use the US-India tax treaty provisions for residents of India who go to the US. For example, Article 21 of the US-India tax treaty, which is for students, applies to a student who is "a resident of one of the Contracting States ...
0
"but they could not wire it to a non US bank"
This is completely strange and bizarre.
They can and should send it anywhere you want. At worst - get a cheque.
Are you sure this isn't some scam?
0
https://thefinancebuff.com/adjust-cost-basis-for-espp-sale-in-turbotax.html
Turbotax doesn't handle 1040NR, so any instructions about Turbotax, even if correct, aren't relevant for you.
https://www.investopedia.com/ask/answers/06/nonusresidenttax.asp
This actually covers " Do Non-U.S. Citizens Living Abroad Pay Taxes on Money Earned through a U.S. ...
1
IRA distributions can be considered and reported as pensions if taken as periodic distributions and not a lumpsum payment. However, if it's not being considered as a pension due to some reason, you can rollover the IRA into an annuity which should more likely be distributed tax-free to NRAs in India and taxed in India as ordinary income. See the tax rates at ...
0
401(k) should be rolled into an IRA once your employment relationship ends since 401(k) is an employer-specific savings vehicle. IRA can be rolled into Roth IRA in any year where your US tax liability is low.
When you are over 59 1/2 years, the traditional/Roth IRA distribution can be taken as periodic payments and treated as a pension. Some IRA trustees are ...
1
See the instructions for Form 6251 (Alternative Minimum Tax—Individuals), line 5:
Form 1040-NR. If you are filing Form 1040-NR, use the following chart to figure the amount to enter on line 5. However, if line 4 is more than the amount shown for your filing status in the middle column of the chart, use the Exemption Worksheet to figure the amount to enter ...
1
That article talks about real estate, not stocks. In Form 6251 instructions, there is a section called Nonresident Aliens regarding disposition of US real property. I don't think it would apply to your wage and stock income.
0
Yes you can buy Short Term Bond ETF, Money Market Fund, participate
in "overnight deposit sweep", or park everything as cash if the
broker offers interest to you.
If both country A and B are signatories of Common Reporting Standard, when filling in W-8BEN or the equivalent CRS Self-Certification form of the broker in country B, you must fill in ...
0
Share price drops by the exact amount of the dividend on the ex-div date.
Selling a stock just prior to the ex-div date and repurchasing the next morning would not be a homemade dividend. A homemade dividend involves selling a portion of ones shares and the results is ending up with fewer shares.
If one pays a 30% tax on cash dividends then one saves 30% of ...
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