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Recent Treaties questions

I am in the US with an H1B visa since may 15 2016. I come

I am in the US with an H1B visa since may 15 2016. I come originally from greece so there is a tax treaty among Greece and the US and i have asked the university where i work for, to be taxed in Greece. Do I need to file a tax papers in the US? if so do I state only the amount of money I made in the US for 2016?JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: yes for 1.5 months I was also paying federal taxes here as I was not aware of the treaty.

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Mark Taylor

Certified Public Accountant

Masters

2,634 satisfied customers
US taxation of foreign company. I am a US citizen. My

US taxation of foreign company.I am a US citizen. My mother, who is not a US citizen, owns a foreign (non-US) company which sells digital products online. The customers are worldwide, including the US. Is my mother or her company liable for any US tax on sales to US customers?

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taxmanrog

Master's Degree

1,002 satisfied customers
I am helping a friend of mine to file his return and we hit

Hi,I am helping a friend of mine to file his return and we hit a snag.He is an Israeli citizen, came to the USA as a scholar researcher (J1 VISA) and receives a grant from a qualified institution. For the last two years we claimed the Israel-USA tax treaty, filed 1040NR and excluded the income based on the Israel treaty article 24. We also filed 8843 to exclude the days in the USA.This is the third year and we have an issue. In accordance with IRS publication 519, a J1 VISA may file as a NON resident (1040NR) UP to two years. However, the Israel-Tax treaty (Article 24) allows tax exemptions up to 5 years (. We understand that a tax treaty has more authority over an IRS publication, Therefore, here is out dilemma:1. Should we file as a resident alien (1040), claiming the tax treaty (by filing Form 8833) and claim the tax exemption? The tax payer is married, therefore, we were hoping to file jointly (which we were not able to do until now). Here is an IRS reference: https://www.irs.gov/individuals/international-taxpayers/claiming-tax-treaty-benefitsOR,2. If we cant file as a joint resident return, then should we continue filing Non resident alien (1040NR), not jointly, claim the tax treaty as we did in prior year and not file jointly?Any help will be appreciated.Thanks!

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Robin D.

Vocational, Technical or Trade School

22,366 satisfied customers
I may have a complicated question. I am a card resident of

I may have a complicated question. I am a green card resident of the USA. Dutch nationality. Retired. 70 Years, my wife 69 years still works. We want to move to the Netherlands in the near future. We have build up a pension in the form of a 401k, furthermore I receive pension from the Netherlands, and Social security from the Netherlands and from the USA. I would like advice on what we should do with regards ***** ***** when moving to the Netherlands. Where do we have to p[at taxes, can we live in the Netherlans and the USA etc.JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: Could you provide me with a contact that can answer these questions? Rgds. Jac eussen

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Robin D.

Vocational, Technical or Trade School

22,366 satisfied customers
I will get a bonus for $10,000 January 15th. My last bonus I

I will get a bonus for $10,000 January 15th. My last bonus I got, I got taxed at 50%.Before the bonus comes to me, I'm thinking of having it all go to my 401k, so that 100% of it goes there.I will quit my job at the end of the month.I plan to wait until January 2017, where my taxable income resets to $0.I will transfer $10,000 to my roth IRA. Will I now pay tax of being in the lowest bracket,of around 10% or $1,000?So I have $9,000 in my ROTH IRA.I'm planning to move out of the country to a cheap country.Every year, I will make 10% (example high rate, just for the story) from dividends, which is $900 per year to my ROTH IRA.I will withdraw the $900 per year, pay the tax + penalty. Assuming I earn less than $10k/year, I will pay 10%+10% or $720.1) Do I need to wait until January 2018, if I want to start withdrawing, and not have it count as part of the $10k rollover (for my taxable income)?2) At January 2018, once I start withdrawing, is my calculations right that I will get around $720/year that I withdraw since I'm in a lower tax bracket?3) If I take the money cash now, I'll get only $7,000 or $5,000. At $7,000, if I earn $700/year, then I pay 10% tax, I lose $70, and I'm at $630/year. Seems like the first strategy will be better for a $90 gain.Of course I might be planning to do this strategy with bigger amounts (the $90 difference is a big headache to deal with)Would my strategy in question 2, work?

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PDtax

Owner

Master's Degree

7,368 satisfied customers
My elderly father in law receives a spcial security pension

My elderly father in law receives a spcial security pension from the Netherlands government -- similar to US social security -- he lives in the US and is a US citizen --How does he report this -- just add it to his US social security to see if part of the whole is raxable ?JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: No

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Robin D.

Vocational, Technical or Trade School

22,366 satisfied customers
My US client asked me to complete form W-8BEN-E and I'm not

Hi, my US client asked me to complete form W-8BEN-E and I'm not entirely sure I'm filling it correctly. Could you please help me? We're a limited company based in the UK. I've filled part I (name and country, entered "corporation" under 4, active NFFE under 5, and address). In Part III, I've checked a, and entered UK. Should I fill anything else in this section? I've also checked 39 under Part XXV. Then just need to sign. Is that is? Thank you!JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: no, I don't think so!

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Barbara

Enrolled Agent, Paralegal

5,978 satisfied customers
I am looking to telecommute from Slovenia for an LLC in

I am looking to telecommute from Slovenia for an LLC in California. The only place of operation for the company is CA. I will work exclusively from Slovenia. I am currently a W-2 employee. My permanent residence will be Slovenia. There does exist an income tax treaty. I will have a one year visa (renewable each year) in Slovenia through my Slovenian wife. I am required to carry health insurance while there. My paychecks will be made electronically to a US bank account, and I transfer funds to Slovenia.Will I be exempt from US income tax (as I will pay Slovenian income tax)? Will I be exempt from Slovenian Social Security (but still pay FICA)?

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

4,922 satisfied customers
We'll register a company(LLC) in Delaware soon. You can get

Hello,We'll register a company(LLC) in Delaware soon. You can get all the details about the busines we will do.1. We are Non Resident Alien.2. Our company will have 2 members.3. We will not do any business in Delaware.4. We will not be in US soil for this business.5. We will not employ anyone in US at least 1 year.6. We will do business with some companies(independent agents) in Colorado.7. We will use Amazon's Fullfilment Center in Delaware.Here are the questions;1. What is the taxation rates for Income, State and Federal taxes?2. Are there any other taxes?3 Should we consider other type of companies besides LLC?Last question;If foreign company registers a Single Member LLC, will it have same advantages like non-resident-alien and avoid fed, state and income tax?Thanks alot.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

19,688 satisfied customers
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