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Author: tenamaxtli Three stars, 500 posts Old School Fool CAPS All Star Motley Fool One Everlasting Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121095  
Subject: JNJ, their DRP, US citizen in Japan Date: 10/28/1999 9:40 PM
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Hello:

I was wondering if I could get some help on this one. I'm a US citizen living in Japan. From what I understand, I should not be required to have taxes on dividends taken out, unlike non-citizens.

In February, I began investing in DRP's for my wife and me (and my daughter). In four of the cases (three of them handled by equiserve), I had to send requests for W-9 forms to certify that I am a US citizen. I signed the forms, and three of the accounts have been taken care of. The JNJ (Johnson & Johnson) account is not yet. I got the following e-mail message from them today:

Dear Mr Melton

There is a foreign address on each of these accounts. Tax is being witheld in accordance with the tax agreement between the US and Japan (30%). I suggest you
contact a tax advisor if you have any further questions. Thank you.

Michael Logan
Shareholder Relations
1-201-324-0498


This is not my understanding of the situation. None of the other companies gave me a hard time about this.

Any ideas?

Jay in Japan
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