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indranil18
Jan 15, 2008, 12:06 PM
Hello,

Last year, I had called IRS and they told me that interest earned by a non resident on money kept in an internet saving account is exempt from federal tax.

Has anyone else heard of this?

Best Regards,

Indranil

AtlantaTaxExpert
Jan 15, 2008, 12:45 PM
That is true. Typically, ANY bank interest for a non-resident alien is exempt from U.S. taxes.