Private Industry

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 “foreign persons” 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…

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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…

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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/

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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,…

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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…

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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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