Tax Rate on income from dividend on US stocks??

xkaboomx on 07/09/2017 - 15:01

Hi Guys,

I acquired these shares from my dad. And since I got them my trading company send a letter every quarter stating that I have been charged tax at maximum NON RESIDENT ALIEN(NRA) / FOREIGN ACCOUNT TAX COMPLIANCE (FATCA) tax rate.

It also says I may be able to claim excess withholding taxes back from the IRS by filing a US federal oncome tax return.

I tried researching on IRS website but it is too technical for my understanding. Could any tax gurus help me understand if I am eligible to claim excess tax back. I belive i have been charged 30% tax on the total dividend amount. I am a Aus citizen and dont hold any other citizenship.

Much thanks,

Financial

Comments

kingsville on 07/09/2017 - 16:36

+1

For my US ETFs, they sent me a form to declare status. W-8 form

This info might help:
www.blackrock.com/au/individual/literature/tax-information/a…
marquise on 07/09/2017 - 17:01

+1

Yeah you probably need to fill out a W-8BEN
https://www.irs.gov/pub/irs-pdf/fw8ben.pdf

If your shares are administered by a share plan services company you could perhaps fill it in online.
xkaboomx on 07/09/2017 - 20:07

Thanks guys

Tax Rate on income from dividend on US stocks??

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