Not something i can ascertain.
A good comment thanks, but where and how does this apply?
Something appears to be missing in how it applies.
I understand that it can be necessary at source in USA. They have specific rules.
On investment accounts i have to declare that i am not a USA citizen or subject to US tax, then there is no WHT on US investments.
In over 25 years overseas, i have never had any offshore bank or overseas investment account deduct any WHT or query it. - When i am not resident in their jurisdiction.
Nor my UK bank. -
They know i am non resident and just provide me with certificates of interest received. No WHT. It could in theory affect any UK tax i pay, but does not.
I do have WHT on my accounts in Thailand. That is expected.
Who are the overseas accounts going to pay any WHT to, if the account holder is not subject to their country's tax?
And, especially if they do not have your tax details?
My accounts always have the full residence and details for what they need and i have never had any WHT, except when i have been tax resident in the country of the account. That i regard as normal.
Seems like the key may be providing proof you are now "retired" like some documentation from your former employer saying you retired from your job. Otherwise you may may have to wait until you file a tax return proving your reduced MAGI for the year the IRMAA is being charged...and then hope that might also qualify for a refund for the IRMAA. Yea...seems the key may be in proving you are truly retired now and making a lower income. Good luck...hope it works out.
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