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Recent Treaties questions

I have a checking account in Italy where my taxed pension is

I have a checking account in Italy where my taxed pension is deposited monthly. I have dual citizenship and reside in the United States. I have never reported that income when filing income tax because I was told that I did not need to pay taxes on it due to double taxation.On the internet I just learned that I needed to file a FBAR. Then with more reading I learned that I needed to have been declaring that income in the US and paying taxes on it and it should not have been taxed in Italy at all.Is my understanding correct? What should I do now?

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

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I need to fill in a W-8BEN-E as a UK Ltd company exporting

HiJA: Hi. How can we help?Customer: I need to fill in a W-8BEN-E as a UK Ltd company exporting equipment to a US based company, and I'm stuck!JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: Part I is OK. We have an EIN. Part III seems to be next. 14 a. is straightforward, but for 14 b. I don't know which applies "Company that meets the derivative benefits test" or "Company that meets the ownership and base erosion test".JA: Is there anything else the Accountant should be aware of?Customer: Also the article number of the treaty for 14. b. and what to put for 15. Our company is privately owned, 3 shareholders, and it is a manufacturing company that makes equipment and exports it.

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Robin D.

Vocational, Technical or Trade School

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20,596 satisfied customers
I am a US Citizen who has worked in Spain almost continually

Hi Pearl. I am a US Citizen who has worked in Spain almost continually since 1991. I am now in the US and have applied for disability. after eleven years of Parkinson's disease, through the Totalization Agreement because I also worked in the US starting in the mid 1970's. The Spanish Social Security Administration has been dragging its feet on their part. Who can I speak to get this process rolling in Spain? My local SSA rep says that the International Dept here in the US checks my case on a regular basis to see if Spain has moved any paperwork. TKS! MikeJA: These retirement benefits are supposed to help us but they can be so complicated! The Retirement Expert will help you get the most benefits propertly. Is there anything else the Retirement Accountant should be aware of?Customer: I am currently receiving SSI while waiting for word on my benefits from the US and Spain. I hate SSI. I've paid in to both country's SSA and wish to receive what belongs to me and not be pushed around as a pauper. It is so stifling and has been going on for a year now. Mike

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Dr. Fiona Chen

President

Ph.D.

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62 satisfied customers
I have worked mostly outside US during my 40 years in the

I have worked mostly outside US during my 40 years in the oil industry, some of the countries like Kuwait and Libua had no local tax.,How does it effect my SS benifits situation?

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PDtax

Owner

Master's Degree

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6,766 satisfied customers
Thanks my question. I have a case where a US citizen lives

Hi,Thanks for taking my question.I have a case where a US citizen lives in Israel, owns and operates a sole proprietor business (not a corporation) in Israel. The business doesn't operate in the USA at all and the tax payer doesn't stays in Israel for more than 350 days.The US citizen pays all of the necessary taxes in Israel and file taxes in the US to comply with the worldwide income rule.My question is: does he need to pay self-employed taxes in the USA? If yes, is there a way around it such as a tax treaty or Totalization agreements?Does Totalization agreements apply for self employed or only for employees?Could you please advise.

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Robin D.

Vocational, Technical or Trade School

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20,596 satisfied customers
I am non Us citizen.I have an offshore company.I would like

Hi,I am non Us citizen.I have an offshore company.I would like to trade in Us stock market,trough Us online brokerage firms.My question is:I need to pay Tax in Us after capital gain or i need to pay in my country?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

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16,742 satisfied customers
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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20,596 satisfied customers
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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20,596 satisfied customers
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

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20,596 satisfied customers
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