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Originally Posted by NickBaer
If you have a HSBC account (Canada, UK, Europe, Israel, Asia, and south to Australia) see if you can open an HSBC.com (US) on-line account. Try it yourself, it's all on-line, or have your HSBC customer support in your country connect you with HSBC International to go over rules and paperwork procedures.
Then you can do "Global Transfer" from HSBC US to your HSBC account in your country, for free (no fee, but there is a couple of percent currency exchange mark-up). The account also comes with a debit card.
CapitalOne360.com does not charge to receive Wires. Just the $15 CCBill charges to send. The account comes with a debit card, and earns interest. I don't have experience if non-US residents can open an account, but it is worth a try.
US citizens can open accounts in Europe, but I don't know first-hand if that works the other way around as well!
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Nick, a good plan but too complicated and it does NOT cure the IRS problem. Generaly these folks still think they control the universe and fuck everybody else. I think that ALL non USA entities should dump them into the abyss they appeared from and go to Verotel or Epoch a lot more interantionally friendly companies who undestand business
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Just read this and weep (and there are many more forms..)
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Publication 515 (2016), Withholding of Tax on Nonresident Aliens and Foreign Entities
For use in 2016
Table of Contents
Publication 515 - Introductory Material
Future Developments
What's New
Reminders
Introduction
Ordering forms and publications.
Tax questions.
Useful Items - You may want to see:
Publication 515 - Main Content
Withholding of Tax
Withholding Agent
Forms 1042 and 1042-S Reporting Obligations
Withholding and Reporting Obligations (Other Than Forms 1042 and 1042-S Reporting)
Persons Subject to Chapter 3 or Chapter 4 Withholding
Identifying the Payee
Foreign Persons
Documentation
Documentation for Chapter 3
Documentation for Chapter 4
Additional Documentation Rules Applicable to Chapters 3 and 4
Beneficial Owners
Foreign Intermediaries and Foreign Flow-Through Entities
Standards of Knowledge for Purposes of Chapter 3
Standards of Knowledge for Purposes of Chapter 4
Presumption Rules
Income Subject to Withholding
Amounts Subject to Chapter 3 Withholding
Amounts Subject to Chapter 4 Withholding
Source of Income
Fixed or Determinable Annual or Periodical Income (FDAP)
Withholding on Specific Income
Effectively Connected Income
Income Not Effectively Connected
Pay for Personal Services Performed
Artists and Athletes (Income Codes 42 and 43)
Other Income
Foreign Governments and Certain Other Foreign Organizations
U.S. or Foreign Taxpayer Identification Numbers
Unexpected payment.
Global Intermediary Identification Numbers
Depositing Withheld Taxes
When Deposits Are Required
Adjustment for Overwithholding
Returns Required
Joint owners.
Electronic reporting.
Form 8966
Extensions of Time To File
Partnership Withholding on Effectively Connected Income
Who Must Withhold
Foreign Partner
Publicly Traded Partnerships
U.S. Real Property Interest
Exception for publicly traded stock.
Foreign corporations.
Domestic corporations.
U.S. real property holding corporations.
Partnerships.
Trusts and estates.
Look-through rule for QIEs.
Disposition of REIT stock.
Domestically controlled QIE.
Late filing of certifications or notices.
Certifications.
Liability of agent or qualified substitute.
Reporting and Paying the Tax
Withholding Certificates
Definitions
Tax Treaties
How To Get Tax Help
The Taxpayer Advocate Service Is Here To Help You
Low Income Taxpayer Clinics
Publication 515 - Additional Material
Index
Next
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