My first employed tax return.

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Feb 25th 2018, 8:26 pm

#76

durham_lad

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Re: My first employed tax return.

Quote:

Originally Posted by PBRlad

I see so since I don't have an IRA account it doesn't apply correct? The 1099-r will be something I'll be completing years down the line once I'm at the eligible age to pull payments from my UK pension scheme plan? So for this year my UK pension plan isn't required on my taxes but will be reported on my fbar.

Sorry for the abundance of questions, I just find taxes a bit overwhelming and want to ensure all is correct.

Yes, that is exactly how I see it. I filed FBARs for quite a few years but didn’t need to report my UK pensions in my IRS tax returns until I started making withdrawals.