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Is there a withholding tax for foreigners? What's the total tax on the income?

They always ask for W8 if you're a non-US person? If there's no withholding tax to collect, I thought there would be no need for W8. But I guess this doesn't matter. What matters is the tax. So any thoughts on this? > If you're a contractor working through your LLC, getting paid per hour or...

I hope I get rich enough to pay $20K to remove some slight inconvenience :D With that said, bureaucracy is certainly annoying

Wow that's interesting. Thank you for sharing Though, did you have to pay that much? Other poster says I get it if you're in hurry, fleeing Russia or something but otherwise cost is like $500. No need to pay $20K. Am I mistaken?

That makes sense 30% (or 20% with treaty in my case) makes a huge difference imo If you're a contractor working through your LLC, getting paid per hour or project milestone, they shouldn't ask for W8 (and withdraw 30%) as far as I know. Am I mistaken? Can they demand W8 whenever they want...

I think for example If you're providing services in software development, there's no tax. I believe "U.S. sources" is the keyword here. Are you familiar with ETBUS? https://ustax.bz/non-us-entrepreneurs/ Some tax pros make the mistake of equating “US source” with “you have to pay US tax.” But...

Source? I think this is false. It's true for dividends, interest, royalties including Google Adsense income.

Any tips about that? :)

You got one? Or know anyone who did?

Fidelity and Schwab? This is enlightening! Thanks for sharing You don't need to deal with IRS, except 1040 and 5472? I'm also a bit curious about what kind of evidences you provided for your citizenship. I suppose for residency, its things like bills, lease contract, entry/exit dates. I'm...

OP is working for the Portugal government. Take anything he says with a s**t ton of salt. It's 28%

Not asking questions is the best way to learn. 10/10 logic.

Move it where? To another fake ID account? Of whom? If they ask you to explain the reason of that transaction, how are you going to explain it? It's not the same scenario. With your normal ID, you can walk into a bank to create an account. You'd always have a bank account with your normal ID...

Your fake ID bank accounts are closed. What now? You're comfortable with saying bye to that money?

I wonder if thats why NHR exists