If you are not a US resident there are two big tax breaks you should use. The first is the fact that when you buy and sell US stock or mutual funds you do not have to pay any capital gains tax on your gains. If you were a resident you would.
The Second big benefit is that interest you earn for money deposited with US banks, savings and loans, credit unions and insurance companies do not have to pay tax on that income.
One disadvantage of being a nonresident is that you must generally pay a thirty percent tax on dividend income from US stocks (unless this rate is reduced or modified by an applicable US tax treaty.
If you are a US nonresident and plan in advance you can avoid potential US tax pitfalls by working with nonresident tax experts. Email us at ddnelson@gmail.com to set up a consultation.
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