All Questions
Tagged with tax-residency taxes
25
questions
3
votes
0
answers
67
views
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 ...
- 53
0
votes
0
answers
64
views
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, ...
- 103
0
votes
1
answer
133
views
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 ...
- 1,570
1
vote
1
answer
338
views
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.
...
- 25
0
votes
1
answer
76
views
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....
- 11.4k
1
vote
1
answer
49
views
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(...
- 211
1
vote
1
answer
58
views
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 ...
- 211
1
vote
1
answer
94
views
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 ...
- 25
2
votes
0
answers
58
views
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? ...
- 21
1
vote
1
answer
83
views
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 ...
- 25
0
votes
0
answers
18
views
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?
- 1,084
3
votes
0
answers
90
views
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 ...
- 1,541
2
votes
1
answer
410
views
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 ...
- 11.4k
1
vote
1
answer
55
views
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 ...
- 1,297
0
votes
1
answer
36
views
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 ...
- 1,297