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Video instructions and help with filling out and completing How Form 8865 Accounting

Instructions and Help about How Form 8865 Accounting

Lock talk radio Music and good morning from sunny California, seven thirty in the morning here. It's a beautiful day, the weather finally cooling off. Today we're talking about a that is missed so many times and so much money is paid in taxes that are not legally old, not required, and it happens with resident aliens, and by aliens I mean somebody here illegally not from another planet, and they are from a host country, a country that has a tax treaty with the United States and not every treaty is going to have this special clause that I'm going to talk about in a few minutes, but it's mostly the European treaties and the course the United Kingdom. So first a little background, when is an alien taxable in the United States and what is the alien taxable arm? - So our tax law divides aliens into three classifications. The first two are really straightforward, you probably grew the term many times - non-resident alien and the other term is resident amen. Now, the important factors to realize these are income tax terms and not estate and gift tax terms, which would be a really discussed at the end of the show. So a non-resident alien is what you expect - somebody living outside the country maybe coming here for vacation at the very most. So most people who are living in the United Kingdom in the European Union are non-resident aliens. They will pay income tax on US source income. So they have income from a domestic corporation as a dividend, the tax rate is thirty percent except for those are in a treaty country and uses a rate of bucks five or ten or fifteen percent. They were paid no tax on stock market short or...