Posts Tagged ‘tax withholding’
Foreign Person Reporting and Withholding Summary
1. INTRODUCTION This article addresses “foreign person” reporting and withholding, which means anyone who does not CONSENT to the privileged civil status of “U.S. person”, INCLUDING American Nationals wishing to remain foreign. 2. TYPES OF FOREIGN PERSONS # Name Nationality Described but not fined in IdentifyingNumber “Foreign person”? 1 Nonresident alien American National 26 U.S.C.…
Read MoreLawfully Avoiding Foreign Person Withholding
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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