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Recent International Tax Treaties questions

I am a tax associate with a client from Italy. She is

I am a tax associate with a client from Italy. She is working in the United States with aGreen Card Resident Alien status. We are filing Married Filing Separately, listing her husband's name and Social Security #. Her husband also has a Green Card. Her husbandworks in Italy and files a tax return in Italy as a resident. He comes to visit my client in the United States different times a year. Does he have to file any information as a GreenCard holder with the United States?

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Angie

Bookkeeper

462 satisfied customers
According to FATCA, a 30% withholding is possible for certain

According to FATCA, a 30% withholding is possible for certain kinds of payments if FATCA rules are not observed. Doesn't this come into conflict with International Tax Treaties regarding FDAP income that allows lower percentages of withholding or even zero withholding?

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Lev

Retired

Bachelor's Degree Equivalent

24,192 satisfied customers
I am working with a consultant from Australia and Im curious

I am working with a consultant from Australia and I'm curious if there are any special tax implications that I need to be aware of. I know that there is an international tax treaty between the US and Australia, so I'm assuming that I do not need to withhold any taxes and that at the end of the year I would issue a 1099MISC to this individual, as I would for all my other consultants. A colleague of mine mentioned that I may need to withhold 30% of the consultant's fees for taxes, but this doesn't seem accurate to me, which is why I'm asking the question :) My colleague also mentioned that I needed the consultant to complete a form W8BEN in order to not have to withhold the 30% for tax purposes. Please contact me if you need additional information in order to answer this question.

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Robin D.

Vocational, Technical or Trade School

20,894 satisfied customers
I am a U.K. citizen and jointly own a house in Florida with

I am a U.K. citizen and jointly own a house in Florida with my wifeI have major concerns about the egregious taxes on non domiciled aliens with regard to US inheritance taxesI am thinking of setting up an LLP and transferring the property into that.Can you advise me if this would provide an effective shield against Estate/Inheritance taxes in the USA (what would be the taxation effect of one person in the partnership dieing and what would be the effect if all persons in the partnership were to die and the house had been willed to their children)Thank you

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Lev

Retired

Bachelor's Degree Equivalent

24,192 satisfied customers
MY WIFE IS A NON US CITIZEN, WHEN I FILE MY TAXES 0N 13 APRIL

MY WIFE IS A NON US CITIZEN, WHEN I FILE MY TAXES 0N 13 APRIL 2008, I FILE FOR HER TOO RECIEVE A ITIN NUMBER, I HAVE YET TO RECIEVE IT. WHOM CAN I SEND A EMAIL TO FIND OUT IF THE IRS RECIEVED IT OR NOT SO I CAN FILL OUT ANOTHER APLICATION.

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Ed Johnson

Senior HR Consultant and Business Devlpm

Bachelor's Degree

6,994 satisfied customers
Looking for favorable taxation choice Have a small ...

Looking for favorable taxation choice: Have a small U.S. LLC (delaware) (owner's are U.S. citizen/residents) about to do a joint venture with a Mexican Company. Sales will be worldwide. Considering forming a new entity for the joint venture. What is a good country to situate this new entity? Or should the U.S. company actually just move to such new country altogether and just split profits with mexican company via joint venture contract?

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Ed Johnson

Senior HR Consultant and Business Devlpm

Bachelor's Degree

6,994 satisfied customers
If the IRS has notified the treasury department to sell your

If the IRS has notified the treasury department to sell your property can it be stopped with a Chapter 13 bankruptcy?

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

3,954 satisfied customers
If I grant to a communications company an easement on my

If I grant to a communications company an easement on my property for a fee of $10,000, is some kind of income tax owed on that payment.

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Mark Taylor

Certified Public Accountant

Masters

802 satisfied customers
For our 2015 Federal Income Tax return, the IRS has reduced

For our 2015 Federal Income Tax return, the IRS has reduced our TurboTax calculated refund by $500, the exact amount that Fidelity, following our instructions, withheld from my wife's annual withdrawal from her IRA. Fidelity reported this amount to the IRS on a Form 1099-R All of the Fidelity data for our three Fidelity accounts was entered electronically into Turbo Tax by internet download. In entering data into Turbo Tax I also entered this withdrawal amount under "other withholdings". I'm assuming that this constituted a double entry of the withheld amount and was, therefore, the reason the IRS reduced our refund by an equivalent amount. Am I correct in thinking that if a financial institution files a 1099-R covering tax withheld from an IRA distribution and if that financial institution's data is subsequently downloaded into Turbo Tax, then I, the filer, should not also enter the amount withheld under "other withholdings".

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Mark Taylor

Certified Public Accountant

Masters

802 satisfied customers
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