International transaction (where to deposit)

[ILLMAS]

TP works/lives in a foreign country, the company he works for is owned by a US company, the US company is going to give him a retention bonus this year and will be deducting the appropriate taxes for his home country, however they want to deposit the remaining funds into his US personal bank account.  TP will be reporting the income in his home country tax return, but I wanted to know if there will be an US implications or reporting, he is non-resident of the US.  Also if there is a good reference you can refer me to I would greatly appreciated it.

 

Thanks

 

MAS

[Margaret CPA in OH]

I don't have any references for you but have 2 clients with US income who live in Great Britain and Australia. Each has retained a US bank account for ease of depositing US funds. Each has a reporting requirement to US. I'm not sure of your question or concerns.