Sentences with phrase «nonresident aliens generally»

This does not sound right; nonresident aliens generally don't pay self - employment / Social Security taxes while resident aliens do.

Nonresident aliens generally can not deduct gambling losses.

(Couples with one spouse who is a nonresident alien generally file separately, but read up on the topic first, as there are other possibilities.)

Not exact matches

If you are a nonresident alien and you do not request a direct rollover to a U.S. IRA or U.S. eligible employer plan, instead of withholding 20 %, the Plan is generally required to withhold 30 % of the distribution for federal income taxes.

Generally, if you are a nonresident alien (other than a resident of Canada or Mexico, or certain residents of India or Korea), you can qualify for only one personal exemption for yourself.

Foreign shareholders (i.e., nonresident alien individuals and foreign corporations, partnerships, trusts and estates) are generally subject to U.S. withholding tax at the rate of 30 % (or a lower tax treaty rate) on distributions derived from net investment income and short - term capital gains; provided, however, that U.S. source interest related dividends and short - term capital gain dividends generally are not subject to U.S. withholding taxes if the fund elects to make reports with respect to such dividends.