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@maria890 The specific wording for that is backup withholding which I believe is a different withholding tax for those that have previously owed the IRS money.

@maria890 Ok fair enough thank you!

@maria890 Oh interesting so the person at HL I spoke with said if I fill in the W9 they will withhold 30%. Guessing they were misinformed. So you sent them the form and they didn't withhold 30% of dividends?

@richking58 Thanks so much I will ask them this specifically. When I asked for clarification they basically said they aren't tax experts and to seek advice elsewhere.

@quasar92 This makes so much sense! I think your guess has hit the nail on the head thank you so much. I'm curious if you investing in UK stocks how do you make sure they aren't classified as pfic?

@adamadam Unfortunately I work for UK company.

I'm really confused and was wondering if someone could clarify this. Perhaps they have been in a similar situation. I have just opened an S&S ISA with H&L. I am a dual UK/US Citizen who has lived in the UK my whole life, I pay and file tax but have never owed US Tax due to double taxation...