Tax Law (Questions About Taxes)/Offshore tax liability


If someone is a citizen of another country, say Belize, and trades in the US stock market, brokering and banking through offshore firms, is there a US tax liability, or would the liability lie with Belize.. or both?  Is there any way this person could trade the market and not be subject to US taxes?

Hi Mike, if this individual is not a US citizen, resident or green card holder and the investment account is held overseas, there would not be a US tax liability since neither the taxpayer or account is resident/income sourced in the US.

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Randall Brody

Tax Law (Questions About Taxes)

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Randall Brody, EA, MBA, CCP


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