Hi there

Just wondered if you are able to help with two questions

I have an investment account with a brokerage firm, where I buy and sell shares, receive dividends from US listed and non US listed companies (on the stocjk exchanges).

My account was setup as a complex foreign trust with my countries tax treaty applied
The trust has no US persons or ex patriots and has no presence in the US.

My understanding is as long as the correct withholding tax is held back, I am not require to
File a return or any other doccumentation to the IRS ?
Could you clarify this as to any (or no)reporting requirements.


Also
I notice that I have received qualified and special qualified dividends from foregin companies that appear to have had no tax withheld on my brokerage statement. I was told that foregin coompanies are not required to withhold in this case.
So I would ask if then that requires me to have to file file a return for these qualified dividends from foragein companies - on this non withholding of tax ?

Thank you very much

You should file the returns even if the taxes are withheld. Still, the IRS will probably not raise too much of a fuss if they are not.

If you are not a U.S. citizen, then the payments from the foreign companies are not subject to U.S. taxes. Hence, no withholding.

I recommend you file the return. You might be surprised about what you get back in terms of refunds.

Thank you for replying

Glad to help!