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Recent tax questions

I'm a South African, residing in South Africa. I have a

Hi, I'm a South African, residing in South Africa. I have a Wyoming LLC. The LLC owns my online US trading portfolio. Sometimes I bank some profits and other times some dividends pay out.I just want to make sure what the tax implication is regarding this in the US and also South Africa.

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Robin D.

Vocational, Technical or Trade School

 
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What is the withholding rate non-resident alien from Belgium

What is the withholding rate for a non-resident alien from Belgium that a director of a U.S. company and attends a U.S. Board of Directors meeting in the U.S. Is it 30%, or is there an reduced rate.What happens if they do not have a U.S. Taxpayer ID? Are they required to obtain a number?If the meeting is in the State of New York, is there additional withholdings due the State of New York.

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Robin D.

Vocational, Technical or Trade School

 
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I am a non resident non US citizen married to a US citizen,

I am a non resident non US citizen married to a US citizen, we live in London UKJA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: Looking to buy a property in US, what is the most efficient way to do it from tax perspective?JA: Is there anything else important you think the Accountant should know?Customer: We both work and pay taxes in UK, my wife files tax returns in US but she pays enough tax in UK so that she does not need to pay any tax in USJA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Accountant about your situation and then connect you two.

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Robin D.

Vocational, Technical or Trade School

 
20,294 satisfied customers
Although we have lived, worked (and paid taxes!) in the US

Hi,Although we have lived, worked (and paid taxes!) in the US for many years, I still have some British pensions which are paid into my UK bank account. These pensions and some lump sum pensions are tax free in the UK. We have declared our one-and-only UK bank account in a Report of Foreign Bank and Financial Accounts (FFBAR).My question is;If we transfer any of the money from the UK to the US, even using an ATM, are we liable for US tax? I think I know the answer, which will be yes, but I am seeking absolute confirmation.Many thanks

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Lev

Retired

Bachelor's Degree Equivalent

 
24,192 satisfied customers
My Aunt is 75 years of age and has lived and worked in the

My Aunt is 75 years of age and has lived and worked in the US for some 30 years. She retired over 10 years ago.For family reasons she needs to leave the US and live in the UK. She will also have to hand back her Green Card. She has an IRA account, which if liquidated before she leaves the US, will be taxed as income. If she has it liquidated after she has returned to the UK, and handed back her Green Card, will the money be subject to withholding tax which she may be able to claim back under the Double Taxation Treaty, or will it still be deducted for US income tax?JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: NOJA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Accountant about your situation and then connect you two.

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Robin D.

Vocational, Technical or Trade School

 
20,294 satisfied customers
I worked in the US months last year. I got a job in Qatar

I worked in the US for 10 months last year. I got a job in Qatar and claimed tax exempt for 2 months. I went to file my taxes and the turbo tax said I was not eligible for child tax credit because of this. Is this correct? I am thinking there is a way to get my full refund still. I don't believe that I should miss out on Child Tax Credit because I worked 2 months in another country which would've been MAYBE $200 in taxes I would've paid.

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

 
3,542 satisfied customers
I have a few tax related questions; hopefully you guys can

Hello,I have a few tax related questions; hopefully you guys can help me or, direct me to the right place for advise.I am originally from Peru and, early in my career I contributed to a private pension system there (similar to a 401K plan). I later moved to the US and became a U.S. Citizen in 2014.In Peru, you are normally not allowed to withdraw from your pension balance (called AFP) until you retire but, as a US citizen, I have the opportunity to withdraw it and consolidate it in my US account (not necessarily in my 401K).My questions are:1) Are these funds (over $10K) taxable considering they were already taxed in Peru?2) How should I declare this income if I opt to transfer it from the Peruvian account to the US?Thank you!

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

 
3,542 satisfied customers
I moved from uk to usa nearly 6 years ago on a work visa as

I moved from uk to usa nearly 6 years ago on a work visa as my job transferred me to usa. I just got my greencard. I purchased a leasehold property in uk 16 years ago and have always rented it out, never lived in it. There has been a substantial capital gain. In uk my tax liability is negligible as a non-resident. How can I avoid usa capital gains taxes? I have heard that 1031 exchanges cannot be included for foreign property unless the new property is foreign, is thus true? I have also heard there may be an exception if there was an exceptional circumstance such as moving job.,please advise on whether I need to pay any usa capital gains tax

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Lev

Retired

Bachelor's Degree Equivalent

 
24,192 satisfied customers
I have a question related to publication 519 ( i´m a

hi. i have a question related to publication 519 (http://taxmap.ntis.gov/taxmap/pubs/p519-014.htm).i´m a brazilian, and i live in Brazil; i was never an US-resident.a) i have an account with an US-based brokerage firm, and I currently trade stocks, securities and commodities in the USb) i am considering to acquire a stake in the company incorporated in Floridacurrently, i understand that i am a non-resident alien, and therefore i should not pay taxes in the US (including related to the securities trading activities).my questions are:if "b" above takes place, which would be my tax duties? would it have an impact on taxes related to activity "a"?i look forward hearing from you.all the best,alessandro

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Robin D.

Vocational, Technical or Trade School

 
20,294 satisfied customers
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