Non Resident Alien

(redirected from Nonresident Aliens)

Non Resident Alien

In the United States, a foreigner who does not possess a green card and who has not been present in the United States for more than a certain number of days over a period of time. A non-resident alien is subject to a 30% tax on dividends that are taxable in the United States; however, he/she is not liable for capital gains taxes and is only taxed on income earned in the United States instead of worldwide income to which resident aliens and U.S. citizens are subject. See also: W-8.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The single fifing status is available to nonresident aliens, just as for citizens, U.S.
Taxation reforms included for shares of stock on Package 4 propose a uniformed final tax (FT) on dividend income of 15 percent, up from 10 percent, for resident individuals and nonresident aliens engaged in trade or business, while retaining the exemption of domestic and foreign corporations on intercorporate dividends except sole corporations.
This article draws attention to the income tax implications of rewards programs and the Foreign Account Tax Compliance Act (FATCA) reporting requirements that could arise if rewards are made to nonresident aliens.
In fall 2010, the university enrolled 2,455 nonresident aliens in graduate programs, accounting for 23 percent of all graduate students.<br />In fall 2016, the last year for which the data wereavailable, the university enrolled 3,567 nonresident alien graduate students.
If it is not already on the schedule, CPAs should remember to talk to business clients about withholding on payments to nonresident aliens. A withholding agent who fails to withhold when required may be on the hook for the withholding tax liability, as well as potential penalties for failure to file Forms 1042, Annual Withholding Tax Return for U.S.
Income tax provisions applicable to nonresident aliens are found in Internal Revenue Code sections 861 through 865 and sections 871 through 879.
In September 1941, the Japanese transferred all nonresident aliens to Shanghai, where the two lived until the war ended.
However, there are certain exemptions for nonresident alien students, teachers, researchers, trainees and some other nonresident aliens (generally, F-1, J-1, M-1 and Q-1 nonimmigrants).
Athletes and entertainers face many of the same issues common to most nonresident aliens that either remain nonresident alien individuals or those who choose to relocate to the U.S.
The regulations require US banks to report to the Internal Revenue Service (IRS) information about accounts earning more than $10 of interest beginning in 2013 that are held by nonresident aliens of all countries with which the United States has a tax treaty or other information exchange agreement.