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    indranil18's Avatar
    indranil18 Posts: 18, Reputation: 1
    New Member
    		  
    #1

    Jan 15, 2008, 12:06 PM
    Tax on interest earned in an Internet Saving Acct for a Non resident
    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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

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