How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask keeperumiami Your Own Question

keeperumiami
keeperumiami, Sr. Tax Consultant
Category: US Tax
Satisfied Customers: 6182
Experience:  Senior US Tax Consultant;40 Years Practicing CPA; Personal Financial Specialist;Now Retired Sole Practitioner
30050794
Type Your US Tax Question Here...
keeperumiami is online now

I am a uk citizen and am selling us shares.I have submitted

Customer Question

I am a uk citizen and am selling us shares.I have submitted my 8-WEN form,what is the situation regarding the tax in america
Submitted: 8 months ago.
Category: US Tax
Expert:  keeperumiami replied 8 months ago.
MeIf you are a Non-Resident alien (non-green card holder or don't meet the substantial presence test), there would be no US income tax on any capital gains. However, any dividends would be subject to the 30% withholding tax. Just to be certain of your classification as a Non-Resident Alien (UK Citizen sounds better but that's not the test) the following are the requirements for meeting the substantial presence test which would mean you would be deemed a Resident Alien and be subject to all of the same taxes as a US Citizen.Substantial Presence TestYou will be considered a U.S. resident for tax purposes if you meet the substantial presence test for calendar year 2015. To meet this test, you must be physically present in the United States on at least:1. 31 days during 2015, and2. 183 days during the 3-year period that includes 2015, 2014, and 2013, counting:a. All the days you were present in 2015, andb. 1/3 of the days you were present in 2014, andc. 1/6 of the days you were present in 2013.
Expert:  keeperumiami replied 8 months ago.
Just checking in...............I see that you have been able to review my response; do you have any further follow-up questions?If not, please remember to rate my response as that is the only way we receive credit for our work.Thanks very much,Steve G.

What Customers are Saying:

 
 
 
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W
< Previous | Next >
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W
  • I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight. Bonnie
  • Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation. John
  • Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with. Orville
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C.
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP
 
 
 

Meet The Experts:

 
 
 
  • Tax.appeal.168

    Tax.appeal.168

    Accountant

    Satisfied Customers:

    11
    3+ decades of various tax experience, including ex-pat, tax prep and accounting as a business owner.
< Last | Next >
  • http://ww2.justanswer.com/uploads/TA/Tax.appeal.168/2014-7-30_55932_yingyanglogo.64x64.jpg Tax.appeal.168's Avatar

    Tax.appeal.168

    Accountant

    Satisfied Customers:

    11
    3+ decades of various tax experience, including ex-pat, tax prep and accounting as a business owner.
  • http://ww2.justanswer.com/uploads/MS/MsAM/2012-6-9_16426_anna.64x64.jpeg Anna's Avatar

    Anna

    Teacher, writer, biologist

    Satisfied Customers:

    270
    Great research skills, variety of work experiences, teaching experience.
  • http://ww2.justanswer.com/uploads/PD/pdheslin/2012-6-6_232056_pambig.64x64.jpg pdheslin's Avatar

    pdheslin

    Consultant

    Satisfied Customers:

    51
    20+ years of internet site creation and search engine optimization. Dozens of search tools at my disposal.
  • http://ww2.justanswer.com/uploads/BL/blueflowers1063/2013-10-10_35834_KimHolidays1.64x64.jpg Kim D.'s Avatar

    Kim D.

    Consultant

    Satisfied Customers:

    27
    Researcher 20+yrs in small and large institutions
  • http://ww2.justanswer.com/uploads/NU/nursescare4u/2013-3-31_03429_JApic.64x64.jpg findinganswers's Avatar

    findinganswers

    Internet Researcher

    Satisfied Customers:

    22
    Internet Researcher, Nurse for over 17 years, and can find answers for you!
  • http://ww2.justanswer.com/uploads/PR/ProMBA/2012-6-7_154051_beach.64x64.jpg ProMBA's Avatar

    ProMBA

    Internet Researcher

    Satisfied Customers:

    3
    I'm an owner of three businesses, with both undergraduate and graduate business degrees from top tier universities.
 
 
 

Related US Tax Questions