Lawfully Avoiding Foreign Person Withholding

By ftsig-admin / July 28, 2024 /

TABLE OF CONTENTS: 1. Introduction Privileged “U.S. persons” are not subject to withholding or reporting under 26 U.S.C. §1441, but “foreignP personsPUB” can be. This is a trick to get you to “elect” the DOMESTIC “U.S. person” status under 26 U.S.C. §7701(a)(30) and to scare you away from being “foreign” but not a “person” status…

PROOF OF FACTS: There is NO LAW that permits an American National as a Nonresident Alien to Elect to be a U.S. person if they are NOT married to one

By ftsig-admin / July 27, 2024 / Comments Off on PROOF OF FACTS: There is NO LAW that permits an American National as a Nonresident Alien to Elect to be a U.S. person if they are NOT married to one

If all citizens of foreign nations can participate in the tax system, then so can ALL citizens of the nation of the United States. HOWEVER, in the famous U.S. Supreme Court case of Cook v. Tait, 265 U.S. 47 (1924) heard by no less than former President Taft, SCOTUS acknowledged the ability of ANYONE, including an American…

Catalog of Elections and Entity Types in the Internal Revenue Code

By ftsig-admin / July 25, 2024 / Comments Off on Catalog of Elections and Entity Types in the Internal Revenue Code

TABLE OF CONTENTS: The Bible on “elections”: For false Christs [false KINGS or RULERS] and false prophets will rise and show great signs and wonders to deceive, if possible, even the elect.[Matthew 24:24, Bible, NKJV] Notice that word “elect”. It is synonymous with “FAITH” or TRUST in God only in the Christian realm. When you make an…

Getting Work as a Nonresident Alien

By ftsig-admin / July 24, 2024 / Comments Off on Getting Work as a Nonresident Alien

1. Introduction The human resources field treats “employees” like cattle who are given few options for how to structure their relationship with the company. Consequently, the optimum arrangement is to: If you are unfortunate enough that you are forced to deal with companies offering work as “government cattle” called an “employee”, your life will be…

Creating and Running a FOREIGN Business

By ftsig-admin / July 24, 2024 / Comments Off on Creating and Running a FOREIGN Business

The following resources on SEDM describe how to create and run a FOREIGN busienss: Creating and Running a Business, Trust, or Estate, Form #09.079** (Member Subscriptions)https://sedm.org/product/creating-and-running-a-business-form-09-079/

Opening a Bank Account as a Foreign Individual or Entity

By ftsig-admin / July 24, 2024 / Comments Off on Opening a Bank Account as a Foreign Individual or Entity

1. Introduction Bank accounts may be opened by individuals or by entities. By default, either group is usually required by the bank to to disclose a Social Security Number in the case of individuals or an Employer Identification Number in the case of an entity. If you or your entity is an estate or trust,…

Getting a Foreign EIN

By ftsig-admin / July 24, 2024 / Comments Off on Getting a Foreign EIN

1. Overview EINs are used by employers, sole proprietors, corporations, partnerships, non-profit associations, PUBLIC trusts, PUBLIC estates of decedents, government agencies, certain individuals, and other business entities. If your entity is an estate or trust, it files Form 1040NR as a nonresident alien if it is PRIVATE.  That means it is not required to be enumerated…

FIRPTA Withholding and Reporting

By ftsig-admin / July 21, 2024 / Comments Off on FIRPTA Withholding and Reporting

1. Introduction Those who engage in buying and selling real property are often asked by real estate agents and escrow companies to fill out tax withholding and reporting paperwork relating to their transactions.  Those who are nonresident aliens often have a difficult time deciding how to complete this paperwork in a way that accurately describes…

Foreign Partner Withholding Under I.R.C. 1446

By ftsig-admin / July 21, 2024 / Comments Off on Foreign Partner Withholding Under I.R.C. 1446

This article proves that there is no foreign partner withholding within a partnership where one or more other partners are statutory U.S. Persons: Foreign Partner Withholding Withholding Under I.R.C. Section 1446, Form #04.108

HOW TO: How to Change the Status of a TIN

By ftsig-admin / July 21, 2024 / Comments Off on HOW TO: How to Change the Status of a TIN

1. Introduction The status of a Taxpayer Identification Number is controlled by the following regulation: 26 CFR § 301.6109-1 – Identifying numbers. (g) Special rules for taxpayer identifying numbers issued to foreign persons— (1) General rule— (i) Social security number. A social security number is generally identified in the records and database of the Internal Revenue Service as a number belonging to a…