Search found 4 matches

by Mr.Bowtie
Thu May 18, 2017 6:31 am
Forum: Investing - Help with Personal Investments
Topic: Choosing a foreign broker. 1099-DIV issue.
Replies: 3
Views: 295

Choosing a foreign broker. 1099-DIV issue.

I'm an accidental US citizen with no real ties to the US living "abroad". This is the first year I invest & make "real" money. I haven't filed US taxes before (haven't needed to before this year) and the process is a little confusing. I now have two brokers to chose from (I m...
by Mr.Bowtie
Sat Apr 15, 2017 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Foreign brokerage & US withholding taxes for US citizen
Replies: 4
Views: 459

Re: Foreign brokerage & US withholding taxes for US citizen

Great news, they've agreed to not withhold taxes on US sourced income. I emailed the country manager and he sorted things out. The customer service rep I've been going back and forth with is pretty upset :D One more question. I assume I'll need to use foreign tax credits at some point. My brokerage ...
by Mr.Bowtie
Thu Apr 13, 2017 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Foreign brokerage & US withholding taxes for US citizen
Replies: 4
Views: 459

Re: Foreign brokerage & US withholding taxes for US citizen

I contacted my broker again and they said that FACTA doesn't require them to provide me with a 1099-DIV or any other US tax documents. They do however send an annual statement detailing all my trades, dividends, taxes withheld, etc. All customers receive this, i.e. not only US customers, and isn't i...
by Mr.Bowtie
Fri Apr 07, 2017 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Foreign brokerage & US withholding taxes for US citizen
Replies: 4
Views: 459

Foreign brokerage & US withholding taxes for US citizen

Hi I'm a US citizen living abroad and I've recently opened a brokerage account here. The brokerage firm had me fill out a W-9, but they still withhold 15% tax on US dividends, as though I'm not a US citizen (15% is the treaty rate between the US and the country I reside in). We've emailed back and f...

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