ori66
Nov 10, 2010, 01:28 AM
Hi all,
Here is my question :
Carlo, an Italian citizen and a non U.S. resident, sends money to a financial company in the States. The company lends his money on his behalf to one of their customers. Does Carlo have to fill any tax return or pay any taxes in the U.S. for the intrests he gained even if he declares the intrests in Italy and pays taxes ?
Appreciate your help and answer.
Here is my question :
Carlo, an Italian citizen and a non U.S. resident, sends money to a financial company in the States. The company lends his money on his behalf to one of their customers. Does Carlo have to fill any tax return or pay any taxes in the U.S. for the intrests he gained even if he declares the intrests in Italy and pays taxes ?
Appreciate your help and answer.