All Questions
10
questions
0
votes
1
answer
175
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Is FATCA really reciprocal?
Question is obviously for non-US persons. E.g German living in Germany with a US bank account
FATCA is supposed to be reciprocal but I've seen reports that it is not.
https://www.irs.gov/businesses/...
1
vote
1
answer
55
views
Do ACAT transfers of stock positions between brokers clarify as gross amount of US source income paid or credited to account?
This will probably be a bit tricky.
Let's say a non-US person holds 100 US stock ETFs in US Broker A.
Then does ACAT transfer of those 100 US stock ETFs to US Broker B.
Then doesn't do anything else (...
- 11
-3
votes
1
answer
84
views
Is a company liable if an employee illegally works across the border? [closed]
As a US based company, if an employee illegally works from a foreign country in violation of company policy, will the company be held liable for taxes and fines for this action?
If the company is held ...
2
votes
1
answer
55
views
Limitations for importing from China to US
If a US small business company would want to import products from China ( possibly tax-free or low-tax, mostly beauty, cosmetics and fashion products - below $10,000), what are the limitations, taxes, ...
- 141
0
votes
2
answers
66
views
How to calculate currency conversion for USA consumption tax (sales tax) reporting
I have been told, that an overseas company selling in USA need to collect consumption tax and pay it back to US. However, our company is going to charge our customers in Australian dollars. Thus, to ...
0
votes
2
answers
52
views
Tax treaty and residence country taxation
Suppose you are a scholar that has a contract at a university in state S for less than 2 years, and you are resident in your home country, say Italy. Then you successfully apply for tax treaty ...
- 1
2
votes
2
answers
410
views
What are "US Business Activities" and "Effectively connected income", again?
I know this is a confusing matter and there's been number of questions here and articles elsewhere, but maybe it would be simpler in the situation explained below.
Assume there's a non-US company ...
- 121
2
votes
1
answer
206
views
unknown US citizen, do I owe taxes
My parents are US citizens who, moved to Brazil and had me 32 years ago. We never went back. The US doesn't know about me I'm sure. I don't even have any US documents.
But I wonder still, I have ...
- 23
2
votes
1
answer
55
views
How are businesses based outside, but doing business inside of the US taxed?
I am looking specifically for how the U.S. taxes businesses that originate from another country, but are doing business within the U.S., with or without operations taking place at a permanent address ...
- 207
2
votes
1
answer
87
views
Is there a threshold for declaring interest income from a foreign country?
Assume the following situation:
foreign national in the US
working visa (e.g. H1-B)
living permanently in the US, no other address, paying all taxes in the US
savings account in home country (...
- 121