In general, an individual who is not a US citizen nor a tax resident of the US is subject to tax only on US source income. This will include most dividends paid by US corporations, but not most capital gains with respect to shares of US corporations. The corporation paying a dividend should withhold US tax at a 30 percent rate. However, if you are a resident of a country that has a tax treaty with the United States, that treaty should reduce the rate of tax significantly. You must provide the corporation with a Form W-8BEN to inform it of your eligibility for treaty benefits.
More information is available on the IRS website. This is only general information, and you should consult a tax advisor for specific advice.
2006-10-08 13:14:02
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answer #1
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answered by TaxGuru 4
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If rented, did you report 1040 with time table E? If confident, 1040NR, 4797 and time table D on account which you will owe income tax and depreciation recapture. if rented, yet you opted for 30% in tax on the instant from the hire, then only 1040NR with time table D. If un rented, then only 1040NR with time table D. Max fee is 15%, yet AMT will kick in. you are able to deduct sources taxes on the 1040NR. Will the ten% withheld at ultimate conceal the tax or not? Y'understand, I hate whilst human beings come decrease back and upload extra practise. confident, the Brit can do an installment sale, however he has to recapture any depreciation in 12 months a million. on the installment sale, he has to pay taxes over the subsequent X years--which may make the ten% withheld at time of sale exciting.
2016-10-19 00:10:46
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answer #2
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answered by ? 4
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I do believe you will have to. Technically, it is "income" you earned in the USA, even if you never stepped foot on US soil, so the IRS will want some of the money you earned. Welcome to the USA!
2006-10-07 15:03:58
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answer #3
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answered by sailingmariner 3
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Sure, I have to pay takes to Brazil and Belgium.
2006-10-08 09:11:01
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answer #4
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answered by gregory_dittman 7
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Both, the demoncrats want their (your) money even if you don't live here.
2006-10-08 03:22:50
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answer #5
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answered by Bawney 6
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