Tax

Have a Tax Question? Ask a Tax Expert

Ask an Expert,
Get an Answer ASAP!

Tax

Hi, Im not a USA citizen. Im traveling here on a B1 visa.

Customer Question
Hi, Im not a USA citizen...
Hi,

Im not a USA citizen. Im traveling here on a B1 visa. I have opened a personal bank account so I can use my private money here. Im not receiving any paychecks here only transfers from Slovenia, from my personal savings account. I have opened the account at Chase bank and they want to offer me 100 USD for opening the account. The account was opened in March 2010.

I do not have any US source income - no salary.

My questions are:

- Can I take the 100 USD if Im not a US citizen and do I have to report it to IRS

- If I don't take the 100 USD do I still need to fill out a tax report

- When do I need to fill out the tax report and do I need to if I just keep the account open and don’t take the 100 USD

- Will I pay any tax only on the opened account

( I have a checking account where I have no Interests )

- where can I find a CPA that will create the report for me

- If I need to fill the tax in 2011, when do I need to apply for the Tax Id number?


I appreciate your answers.


br,

Alex
Submitted: 7 years ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 23 minutes by:
4/1/2010
Tax Professional: Stephen G., Sr Income Tax Expert replied 7 years ago
Stephen G.
Stephen G., Sr Income Tax Expert
Category: Tax
Satisfied Customers: 7,211
Experience: Extensive Experience with Tax, Financial & Estate Issues
Verified

Hi & thanks for using our service. I'll do my best to give you a complete & accurate answer. Please ask me to clarify anything you don't understand.

 

Take the $100. The only reason you would need a tax ID number is XXXXX the bank required it. There will be no tax on the $100. too small, although the US will gladly accept a donation as with all the money we waste, we need the money.

 

Good luck & Welcome to America.

Ask Your Own Tax Question
Customer reply replied 7 years ago
Hi,

thanks for your statement. My bank did send a college of mine the Fill in tax ID form. He earned in one month 2 cents of interest and has now closed the savings account.
Will he need to Fill the tax ID form or can he be exempt.

do we as visitors with no income need to fill the tax report and do we need to report to anyone our bank account and status on it?

I would like you to be a bit more specific on the matter of Tax report.

thanks you for your answers.

Br,
Aleksander Cvetkovski


Tax Professional: Stephen G., Sr Income Tax Expert replied 7 years ago

 

No tax report (a Form 1099 by the bank) will be due if you only have a de minimis amount of interest (under $10.) Even then, you would not be required to file a tax return unless you had several thousand dollars of income.

 

The issue really isn't with the tax return; the issue is whether or not the bank will even open an account for you without a tax ID number.

 

Your friend doesn't need to file any type of tax return, nor will the bank report the 2 cents worth of interest to the IRS.

 

If you are still concerned, perhaps you should visit or call your embassy here in USA so that they can reassure you.

 

Out of curiosity, I looked up your country's travel information on the Internet & it really looks like a beautiful country.

 

I hope you're ready for the heat & humidity in Florida that will be coming in May - September. New England (where I live), as I'm sure you know, is much different than Florida. We even have snow in the winter.

 

Stephen G.
Stephen G., Sr Income Tax Expert
Category: Tax
Satisfied Customers: 7,211
Experience: Extensive Experience with Tax, Financial & Estate Issues
Verified
Stephen G. and 87 other Tax Specialists are ready to help you
Ask your own question now
Ask Stephen G. Your Own Question
Stephen G.
Stephen G.
Stephen G., Sr Income Tax Expert
Category: Tax
Satisfied Customers: 7,211
7,211 Satisfied Customers
Experience: Extensive Experience with Tax, Financial & Estate Issues

Stephen G. is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,300 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,310 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

Robin D.

Robin D.

Senior Tax Advisor 4

13,695 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,651 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

R. Klein, EA

R. Klein, EA

Enrolled Agent

1,839 satisfied customers

Over 20 Years experience

< Previous | Next >

Related Tax Questions
Is the interest one pays on a personal loan a tax deduction?
Is the interest one pays on a personal loan a tax deduction? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,490 satisfied customers
This is a question on a UK resident's personal income tax on
This is a question on a UK resident's personal income tax on lump withdrawals of funds in a Canadian RRSP using an example with funds expressed in $CAN. Value of lump sum payment from the RRSP is $100… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,490 satisfied customers
A person wants to set up a 501(c)3 now. Purpose is to donate
A person wants to set up a 501(c)3 now. Purpose is to donate to the 501c3 personal assets such as ira, mutual funds, home etc. Can any of the donated assets be kept in the 501c3 to generate income lik… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,490 satisfied customers
I have the tax ID Number can I obtain a copy of the taxes
I have the tax ID Number can I obtain a copy of the taxes myself? I want to see what the Trustee has been reporting because she's done all kinds of fraud and I suspect income tax is no difference?… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
IRS Experts Corporation changed name. 2016 tax return has
IRS ExpertsCorporation changed name. 2016 tax return has been filed with a new name. Taxpayer recently received notice which has old name. How do we change the name with IRS?… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,490 satisfied customers
Form 1120, cash basis. If Taxes paid to IRS are deductible,
Form 1120, cash basis. If Taxes paid to IRS are deductible, are refunds for overpayment the equivalent of income?… read more
Chad CFP ®
Chad CFP ®
Certified Financial Planner(R), Pro
Master\u0027s Degree
738 satisfied customers
Does a Canadian company need a US Taxpayer ID Number (TIN)
Does a Canadian company need a US Taxpayer ID Number (TIN) if the company only ships a product to the US and only has a Canadian address? Thank you, ***** ***** President, Archivision Inc.… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I d not remember my tax ID. I do not have my tax IDs for
I do not have my tax IDs for 2015 so I cannot file my 2016 Federal tax return … read more
abci168
abci168
Principal
27 satisfied customers
TAX RETURN: Health coverage exemptions I moved from Europe
TAX RETURN: Health coverage exemptions I moved from Europe to the US in mid-2015 and applied for a green card in oct based on marriage to a US citizen (which was granted to me in spring 2016). We are … read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,490 satisfied customers
What is the purpose of irs form 2297. by signing this form,
what is the purpose of irs form 2297. by signing this form , am i giving up my right to my past refund? … read more
abci168
abci168
Principal
27 satisfied customers
What tax form is filed to report dividends paid by US Corp?
What tax form is filed to report dividends paid by a US Corp which is owned by a Canadian Corp? I think it might be 1042S. I want to know the rate of WH.… read more
abci168
abci168
Principal
27 satisfied customers
How do I request my 2016 Individual Personal Income Tax form
Sir, how do I request my 2016 Individual Personal Income Tax form (form 1040) on line? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,490 satisfied customers
Tax question - Form 1099, Line 8 Tax Exempt Interest
Tax question - Form 1099 , Line 8 Tax Exempt Interest reflects $500; OID 1099 is 0. Under heading Detail for tax exempt interest it says tax exempt interest is $300. Under Detail for Tax Exempt OID it… read more
Chad CFP ®
Chad CFP ®
Certified Financial Planner(R), Pro
Master\u0027s Degree
738 satisfied customers
Income tax question. Are there any ways that interest on an
income tax question. Are there any ways that interest on an insurance policy can be tax deductible? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
13,695 satisfied customers
The $14,000 gift tax exemption per person - can the gifts
The $14,000 gift tax exemption per person - can the gifts only be transferred to spouses and children or can it be given to son-in-law?… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,230 satisfied customers
If person A sales a used car to person, is a sales tax
If person A sales a used car to person B, is a sales tax required to be paid by either party? … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,230 satisfied customers
Is the holder of an A2 visa exempt from US income tax on the
Is the holder of an A2 visa exempt from US income tax on the sale of US realty, held for investment?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
13,695 satisfied customers
I received a 1099 with Interest income box 8 tax exempt
I received a 1099 with Interest income box 8 tax exempt interest checked with an amount in it. Box 9 specified private activity bond interest is not checked and does not have an amount in it. Q is the… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
13,695 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x