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Does a non-resident, non-US citizen pay income

Customer Question
taxes or capital gain taxes...
Does a non-resident, non-US citizen pay income taxes or capital gain taxes on investments made in the US?
Submitted: 10 years ago.Category: Tax
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5/14/2007
Tax Professional: Lev, Tax Advisor replied 10 years ago
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 30,133
Experience: Taxes, Immigration, Labor Relations
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yes, non-resident are required to file tax return and will likely have tax obligations. The form 1040NR is used - http://www.irs.gov/pub/irs-pdf/f1040nr.pdf

each person would need to apply for ITIN - http://www.irs.gov/pub/irs-pdf/fw7.pdf

General withholding rate for non-residents is 30% unless another rate is set by tax treaty.

Lev
Lev, Tax Advisor
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