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Totsubo

Has your broker had you fill out an IRS form called W-8BEN?

If you are resident of a country with a tax treaty with USA, (Canada does, no idea about Japan) this form (at least my broker told me)allows the broker not to have to withhold USA taxes on profits of USA listings.
You then are meant to declare that income on your taxes filed with your country of residence.

Not a tax guy, but this is what I have been doing for 15 years, and as far as I know the IRS is not after me. I go through the USA every month and haven't been arrested yet.

Cheers
drab
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