| Search: |
|
|
|
|
Latest Forex Question Views Can I open a bank account with 100$ for Forex ? I want to start trading in FOREX, but I don't have a bank account yet. Can I open one for 100$ ? and could it be offshore ? Other - Business & Finance - 4 Answers - 2008-08-11 02:06:14 what is offshore forex investment? Investing - 2 Answers - 2006-04-24 01:53:57 US Capital Gains Taxation of Belize offshore(US non-resident) company trading forex through US broker? Hello.I have offshore company(IBC) registered in Belize. My company isn't liable to any taxation in Belize on any international profits( generated outside of Belize, which includes US). I will use this company to open trading account with US-registered broker. I'll be trading primarily forex, but also currency futures and ETFs. This will be my only US activity. I'm predominantly a day-trader, so short-term capital gains. My company WILL NOT have permanent establishment in US(so, income not effectively connected). It will not be a US resident. I'm a citizen of Lithuania and a resident of Poland.Will I be liable to any capital gains taxation in US? My broker will only withhold taxes on dividends and interest(no tax treaty between US and Belize), not on cap. gains. If so, would I need to obtain a TIN or file any tax forms notifying IRS of my cap. gains? W-8BEN ,1040NR? Or both? Will there be any backup withholding on my capital gains? What can I do to avoid it? Thanks. United States - 3 Answers - 2008-07-13 11:02:02 what are the best offshore stock and forex investment brokers? Investing - 3 Answers - 2008-05-06 05:07:14 What kind of tax in this situation? I am in some great offshore funds that deal in forex. They've been growing at about 12% a month all year. Myquestion is how do I treat this for tax purposes. I'm wanting to keep all the money in so the compounding continues asap, which SEEMS to mean I would NOT pay capital gains, as the prevailing definition of when that term applies is when you take money out of a mutual fund, selling units or shares, etc. Selling being the key point for capital gains eligibility - the notion of selling an asset for net gain or loss. So let's say my $500 grows to $2,500, as it appears it might. If I simply leave it in the fund, to roll over... am I right in assuming that I don't pay capital gains. Am I off the hook for paying any taxes? if the answer to this is 'no', then what kind of taxes am I liable to pay. 'Interest Income', that sort of thing. There are no 'dividends' per se issued on these funds. Every month I get a new statement and calcluate the % growth.Where does this fit in the tax pic? United States - 3 Answers - 2006-08-23 23:06:18 US Capital Gains Taxation of Belize offshore(US non-resident) company trading forex through US broker? Hello.I have offshore company(IBC) registered in Belize. My company isn't liable to any taxation in Belize on any international profits( generated outside of Belize, which includes US). I will use this company to open trading account with US-registered broker. I'll be trading primarily forex, but also currency futures and ETFs. This will be my only US activity. I'm predominantly a day-trader, so short-term capital gains. My company WILL NOT have permanent establishment in US(so, income not effectively connected). It will not be a US resident. I'm a citizen of Lithuania and a resident of Poland.Will I be liable to any capital gains taxation in US? My broker will only withhold taxes on dividends and interest(no tax treaty between US and Belize), not on cap. gains. If so, would I need to obtain a TIN or file any tax forms notifying IRS of my cap. gains? W-8BEN ,1040NR? Or both? Will there be any backup withholding on my capital gains? What can I do to avoid it? Thanks. United States - 3 Answers - 2008-07-13 11:02:02 what is offshore forex investment? Investing - 2 Answers - 2006-04-24 01:53:57 what are the best offshore stock and forex investment brokers? Investing - 3 Answers - 2008-05-06 05:07:14 What kind of tax in this situation? I am in some great offshore funds that deal in forex. They've been growing at about 12% a month all year. Myquestion is how do I treat this for tax purposes. I'm wanting to keep all the money in so the compounding continues asap, which SEEMS to mean I would NOT pay capital gains, as the prevailing definition of when that term applies is when you take money out of a mutual fund, selling units or shares, etc. Selling being the key point for capital gains eligibility - the notion of selling an asset for net gain or loss. So let's say my $500 grows to $2,500, as it appears it might. If I simply leave it in the fund, to roll over... am I right in assuming that I don't pay capital gains. Am I off the hook for paying any taxes? if the answer to this is 'no', then what kind of taxes am I liable to pay. 'Interest Income', that sort of thing. There are no 'dividends' per se issued on these funds. Every month I get a new statement and calcluate the % growth.Where does this fit in the tax pic? United States - 3 Answers - 2006-08-23 23:06:18 |
Privacy Policy | ADVERTISE ON ALL THESE FOREX SITES | FOREX ANSWER
FOREX BROKERS AMERICA ~
FOREX BROKERS BRITAIN AND UK ~
FOREX BROKERS CHINA ~
FOREX BROKERS INDIA
FOREX BROKERS ITALY ~
FOREX BROKERS MALAYSIA ~
FOREX BROKERS NIGERIA ~
FOREX BROKERS SOUTH AFRICA ~
FOREX BROKERS SPAIN
FOREX BROKERS ASIA ~
FOREX BROKERS CYPRUS ~
FOREX BROKERS EGYPT ~
FOREX BROKERS EU
FOREX BROKERS EUROPE ~
FOREX BROKERS FRANCE ~
FOREX BROKERS GERMANY ~
FOREX BROKERS JAPAN ~
FOREX BROKERS KENYA
FOREX BROKERS OFFSHORE ~
FOREX BROKERS REGULATED ~
FOREX BROKERS RUSSIA ~
FOREX BROKERS SAUDI ARABIA
FOREX BROKERS UAE ~
FOREX BROKERS UKRAINE