Taxes procedure for foreigns accounts ? Message Board

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Non-Tech : Taxes procedure for foreigns accounts ?

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To: brakkar who wrote ()	11/24/1999 7:11:00 PM
From: Steve Lee	of 1

When you open your US broker account, you will be invited to sign up as a non-resident and therefore a non-taxpayer. I believe this restricts you to spending no more than 100 days (or thereabouts) in the US in any 12 month period. As the money is held in a US account, your own country has no rights or powers to tax you. Your problem comes when you want to repatriate any profits. One approach is to go to the US, put it in a suitcase and bring it back home. However, I would suggest there might be better ways that a tax consultant might know of bring the money home.

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