Investing

Financial Institutions: The Challenge. Compelled “U.S. person” status

By ftsig-admin / March 7, 2025 / Comments Off on Financial Institutions: The Challenge. Compelled “U.S. person” status

1. Background Although the Internal Revenue Code properly recognizes your right to choose a nonresident alien status and be unenumerated, banks and financial institutions are so heavily regulated that they often take a position at odds with this lifestyle. As part of their Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) compliance measures, financial institutions…

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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

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