sharetrader
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  1. #1
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    Oct 2011
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    Do you have a link to confirm the requirement for non resident companies and trusts to file annually with the IRS?

    Quote Originally Posted by SBQ View Post
    I would say opening a US online discount broker account would be quite the hassle. Even more so now in 2019 that NZ adopted the new Common Reporting Standard with the OECD nations and FACTA. If I recall correctly, accounts such as foreign trusts and corporate accounts opened at these US brokerages by non-residents still require full annual filing to the IRS. The WEN-B8 alone does not exclude filing to the IRS that a single non-resident US alien can avoid.

  2. #2
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    Join Date
    Jan 2013
    Location
    Wellington
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    223

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    I have previously set up an account with Interactive Brokers in a company name. I did have a 'master' account in my own name and I was the sole director of the company which perhaps made things easier but it certainly wasn't onerous. I don't have the account any more as I decided using a company to hold shares in was more money than it was worth (but there was that tax saving).

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