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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

24,194 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

22,348 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

24,194 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
I owe alot of med. bills. I am disabled if my wife claims me

I owe alot of med. bills. I am disabled if my wife claims me as a dependent can they keep her refund due to that withholding lawJA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: I live in south carolinaJA: Is there anything else important you think the Accountant should know?Customer: no just that i owe alt of med bills and i"m disabled

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

19,678 satisfied customers
How do I report this sale of producing mineral rights

How do I report this sale of producing mineral rights (including recapture of depletion allowance).Inherited in 1993 with a FMV of 32,500. (estimated by mineral "Land Man")Sold in 2016 for 42,500.Total depletion allowance of $5,000 was taken over the years.

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Mark Taylor

Certified Public Accountant

Masters

2,612 satisfied customers
Please help me understand how my final win/loss amount

Please help me understand how my final win/loss amount should read.JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: 2016 total for several W2G = $60,250.JA: Is there anything else important you think the Accountant should know?Customer: 2016 total win/loss statement = $ 20,100. Is there any loss that would be realized (i.e. $40,150) since it is less than the total winnings recorded on the W2G's.

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Robin D.

Vocational, Technical or Trade School

22,348 satisfied customers
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