The IRS and UK state pension
#1
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The IRS and UK state pension
I am having a very hard time trying to file my taxes in the US. There is no provision for filing a foreign social security pension. I can find forms for Canada, but nothing for UK. When I enter it on the tax form (electronic), the tax becomes enormous. Can anybody help here?
#3
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Re: The IRS and UK state pension
I am using HR Block. Form is 1040. No problem entering the US Social Security, but there is absolutely nothing that covers the UK. When I tried to put it in, it was treated as an IRA Roth. What am I missing?
I very much appreciate your offer of assistance.
I very much appreciate your offer of assistance.
#4
Re: The IRS and UK state pension
My CPA enters my UK annuity on which I pay US tax on line 16 of the 1040.
A little while ago there was a thread on this as exvj was having problems. After much discussion and research the majority opinion was my CPA was right and it goes on line 16.
I know mine is an annuity but yours isn't US Social Security but a pension from the UK so I would enter it on line 16. It is after all called the State Pension and line 16 is for pensions and annuities. Were you entering it on line 20 for social security?
A little while ago there was a thread on this as exvj was having problems. After much discussion and research the majority opinion was my CPA was right and it goes on line 16.
I know mine is an annuity but yours isn't US Social Security but a pension from the UK so I would enter it on line 16. It is after all called the State Pension and line 16 is for pensions and annuities. Were you entering it on line 20 for social security?
#5
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Re: The IRS and UK state pension
My CPA enters my UK annuity on which I pay US tax on line 16 of the 1040.
A little while ago there was a thread on this as exvj was having problems. After much discussion and research the majority opinion was my CPA was right and it goes on line 16.
I know mine is an annuity but yours isn't US Social Security but a pension from the UK so I would enter it on line 16. It is after all called the State Pension and line 16 is for pensions and annuities. Were you entering it on line 20 for social security?
A little while ago there was a thread on this as exvj was having problems. After much discussion and research the majority opinion was my CPA was right and it goes on line 16.
I know mine is an annuity but yours isn't US Social Security but a pension from the UK so I would enter it on line 16. It is after all called the State Pension and line 16 is for pensions and annuities. Were you entering it on line 20 for social security?
Last edited by Zonie; Feb 10th 2010 at 9:58 pm.
#6
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Re: The IRS and UK state pension
Many thanks for your reply. Now, another problem. How did you calculate the taxable amount? I tried to follow the directions in the 1040 booklet page but they do not work for our pensions. Is the whole lot taxable?
#7
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Re: The IRS and UK state pension
My CPA enters my UK annuity on which I pay US tax on line 16 of the 1040.
A little while ago there was a thread on this as exvj was having problems. After much discussion and research the majority opinion was my CPA was right and it goes on line 16.
I know mine is an annuity but yours isn't US Social Security but a pension from the UK so I would enter it on line 16. It is after all called the State Pension and line 16 is for pensions and annuities. Were you entering it on line 20 for social security?
A little while ago there was a thread on this as exvj was having problems. After much discussion and research the majority opinion was my CPA was right and it goes on line 16.
I know mine is an annuity but yours isn't US Social Security but a pension from the UK so I would enter it on line 16. It is after all called the State Pension and line 16 is for pensions and annuities. Were you entering it on line 20 for social security?
I called the IRS to ask about this and was told to tell the British government that they need to send out a form giving this information. Can't say I feel like doing that!
#8
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Re: The IRS and UK state pension
Yes, it is all subject to tax. As to the calculations, Turbotax does that for you.
#9
Re: The IRS and UK state pension
If you are paying tax in the UK you can claim that against US tax by filling out form 1116, I think that is the right number. However if you are paying UK tax on it and are now a permanent resident of the US you need to get it exempted from UK income tax
#11
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Re: The IRS and UK state pension
Are you paying any tax on it in the UK? If not it is all taxable in the US.
If you are paying tax in the UK you can claim that against US tax by filling out form 1116, I think that is the right number. However if you are paying UK tax on it and are now a permanent resident of the US you need to get it exempted from UK income tax
If you are paying tax in the UK you can claim that against US tax by filling out form 1116, I think that is the right number. However if you are paying UK tax on it and are now a permanent resident of the US you need to get it exempted from UK income tax