Search found 5 matches

by ejay
Tue May 12, 2015 12:10 pm
Forum: Canada / United States Tax & Accounting
Topic: Are Inherited IRA distribtions Not Effectively Connected?
Replies: 8
Views: 4548

I didn't mean to waste your time. I am very grateful for your help here.
I only wanted to know if such income had to be listed on both page 4 and page 5, instead of on page 4 only. Sorry.
by ejay
Tue May 12, 2015 11:12 am
Forum: Canada / United States Tax & Accounting
Topic: Are Inherited IRA distribtions Not Effectively Connected?
Replies: 8
Views: 4548

Thanks so much for your help on this. If you don't mind I'd like to ask you about another thing that confused me while I was reading through the 1040NR instructions.

If there were NEC income at a 0% rate (say for copyright royalties), would that mean it also needs to be reported on Schedule OI ...
by ejay
Thu May 07, 2015 7:21 am
Forum: Canada / United States Tax & Accounting
Topic: Are Inherited IRA distribtions Not Effectively Connected?
Replies: 8
Views: 4548

Thanks again. Just to be clear: if I file for this year only, the IRS will not then expect me to continue filing in subsequent years, as long as my NEC remains correctly withheld?
by ejay
Wed May 06, 2015 12:32 am
Forum: Canada / United States Tax & Accounting
Topic: Are Inherited IRA distribtions Not Effectively Connected?
Replies: 8
Views: 4548

Thank you.

The only other reason I have to file would be to keep my ITIN (which will expire unless used on at least one valid return in a five year period).

Is it okay to file a 1040NR with only Schedule NEC income and no tax to pay? (i.e. with proper withholding at source and $0.00 outstanding ...
by ejay
Tue May 05, 2015 3:13 pm
Forum: Canada / United States Tax & Accounting
Topic: Are Inherited IRA distribtions Not Effectively Connected?
Replies: 8
Views: 4548

Are Inherited IRA distribtions Not Effectively Connected?

Hello everyone. I was reading this thread earlier:
http://forums.serbinski.com/viewtopic.php?p=36250&sid=86f443b25b7f9965d506521e0abd3692

Could anyone please confirm that Inherited IRA distributions are Not Effectively Connected income? (That is, are reportable on 1040NR under schedule NEC and *not ...