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Financial Planning / Tax Strategies
|Subject: Re: Investing from offshore accounts||Date: 12/1/1998 10:44 PM|
|Author: TMFTaxes||Number: 6648 of 119697|
[[Thanks for the advice. But I'm standing on pretty firm ground--I think. My withhold rate is the the
default rate as my country does not have a tax treaty with the USA.
The $60,000 exemption is for non-US persons (neither citizens or legal aliens). US persons get to
exempt $600,000 from their estate taxes.]]
Fine. If you knew the answer, I'm not sure why you asked the question...or what your question actually was.
As I recall, you were asking about income taxes...not estate taxes. They are completely different.
In addition, all I really gave you were references from my tax liabrary and the IRS Publications. As I stated up front, I'm not an expert (or even a novice) in international taxation issues.
So if you are comfortable with your situation as it currently stands, that's great.
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