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Search: Posts Made By: Dominic0012
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Forum: USA
Nov 14th 2017, 2:58 pm
Replies: 3
Views: 601
Posted By Dominic0012

Re: UK tax residency rules

Well based on what you have written it doesn't appear like you have any ties to the U.K. under the statutory residence test so you would need to stay over 183 days for you to trigger dual status tax...
Forum: USA
Oct 25th 2017, 3:11 pm
Replies: 17
Views: 4,101
Posted By Dominic0012

Re: Tax questions from US taxpayer beneficiary of UK SIPP

Hi

I used to work in the U.K. as a SIPP specialist and i now work in the U.S.

So the way a SIPP works is that it is a pension trust. You are known as a member trustee so you do not actually...
Forum: USA
Oct 2nd 2017, 8:39 pm
Replies: 11
Views: 835
Posted By Dominic0012

Re: Joint taxes

The other posters are correct that it depends on what you earn and what your spouse earns and the net effective tax rate that you would come out at.

That being said, you are only allowed to use...
Forum: USA
Oct 2nd 2017, 8:27 pm
Replies: 2
Views: 1,139
Posted By Dominic0012

Re: PFIC....

No it is entirely dependent on the holdings within the S&S ISA. A S&S ISA on its own is not a PFIC each position is either a PFIC or it is not

e.g. a U.K. registered mutual fund is considered to...
Forum: USA
Sep 25th 2017, 9:19 pm
Replies: 11
Views: 835
Posted By Dominic0012

Re: Joint taxes

It would be better to file married filing separately (MFS) if you start working between now and the end of the year. If you have worked since you arrived in march then Married Filing Jointly is...
Forum: USA
Sep 5th 2017, 4:00 pm
Replies: 7
Views: 829
Posted By Dominic0012

Re: Health Insurance For Newly Arrived Permanent Resident

you should qualify for Obamacare and you will qualify under the special enrollment period (becoming a new resident). This will then qualify you for coverage this year and you will have to apply for...
Forum: USA
Sep 1st 2017, 1:44 pm
Replies: 4,462
Views: 314,216
Posted By Dominic0012

Re: Price of gas update...

$2.53 this morning.

do we think that this is temporary price gouging?

price of crude oil is constant if not actually falling in price.
Forum: USA
Aug 29th 2017, 2:44 pm
Replies: 13
Views: 941
Posted By Dominic0012

Re: Pension at 55 - Removing Full Pot

Based on the information you have provided. You are a U.K. resident taxpayer who is resident in the U.K. for tax purposes but have a green card.

You do not become a resident alien in the U.S....
Forum: USA
Aug 23rd 2017, 6:04 pm
Replies: 51
Views: 6,787
Posted By Dominic0012

Re: Logistics of moving from the UK to the USA

1) Yes (somewhat Seattle is high COL) if your employer has good health insurance
2) storage costs, you will want to check if your accomodation allows for storing all your stuff
3) easy you file the...
Aug 23rd 2017, 5:56 pm
Replies: 10
Views: 782
Posted By Dominic0012

Re: Inheritance and banking

Yes, This is relevant. If you dont file properly under FBAR and/or FATCA you could land yourself with a penalty from the IRS. If you hold the $100k in your name overseas you have form 8938 to deal...
Forum: USA
Aug 23rd 2017, 2:22 pm
Replies: 22
Views: 2,144
Posted By Dominic0012

Re: Young British Expat moving to NJ.

NJ is good on the rental front for someone your age. car companies will be able to give you credit but as you have no history you will probably be paying through an arm and a leg to get one. Best to...
Forum: USA
Aug 21st 2017, 8:57 pm
Replies: 16
Views: 1,283
Posted By Dominic0012

Re: Quick Health Plan advice

Yes if you are having a kid its likely you want to be on the better plan for next year. Be wary though you want to make sure that you will get the coverage check with your employer.

some HMOs and...
Forum: USA
Aug 16th 2017, 8:04 pm
Replies: 22
Views: 1,958
Posted By Dominic0012

Re: Transferring Sterling into US bank

Apologies adnams i thought that you were the one giving the gift not receiving i should have got that from transferring sterling to a U.S. bank account.

if you are receiving the gift it is...
Forum: USA
Aug 16th 2017, 7:40 pm
Replies: 22
Views: 1,958
Posted By Dominic0012

Re: Transferring Sterling into US bank

Ok in that case you would be a U.S. Domicile and can use the gift limits in the U.S. which is up to $14,000 per donee

You get this limit every year so you could send more next tax year also up to...
Forum: USA
Aug 16th 2017, 7:02 pm
Replies: 22
Views: 1,958
Posted By Dominic0012

Re: Transferring Sterling into US bank

The answer to this question depends on your domicile.

how long have you been living in the U.S. for and what is your residency status?
Aug 15th 2017, 3:01 pm
Replies: 60
Views: 4,006
Posted By Dominic0012

Re: Had my first medical bill last week!

I went on a trip to Japan on holiday. Whilst I was there I got a MRI in a private practice as I know in the U.S. they charge a stupid sum.

Used the H.S.A. a total bill of $300

Just goes to...
Forum: USA
Aug 15th 2017, 2:15 pm
Replies: 12
Views: 832
Posted By Dominic0012

Re: Tax Advice

My understanding is that you cannot elect to file MFJ when neither of the parties are a USC or a green card. See below for reference.

Dual Status and Resident Alien Taxes | H&R Block – HRBlock...
Forum: USA
Aug 14th 2017, 8:55 pm
Replies: 12
Views: 832
Posted By Dominic0012

Re: Tax Advice

Also to determine if you are a U.K. resident 183 days is the automatic test of residence meaning if you are present in the U.K. for at least this time then you are automatically a U.K. resident for...
Forum: USA
Aug 14th 2017, 8:36 pm
Replies: 12
Views: 832
Posted By Dominic0012

Re: Tax Advice

This question depends on your Visa type. You mention we, so are both you and you SO moving to the U.S. or is your other half in the U.S.?

Regardless to answer your question, it is often...
Forum: USA
Aug 11th 2017, 2:32 pm
Replies: 112
Views: 46,026
Posted By Dominic0012

Re: UK Pensions related to UK/US Tax Treaty

The main area which I do not think has been covered is residence and what actually constitutes a state to have taxing rights under the treaty in art 4

So the specific matter which i think is...
Forum: USA
Aug 10th 2017, 9:59 pm
Replies: 15
Views: 1,150
Posted By Dominic0012

Re: Graduate opportunities in the US, from the UK (Psychology)

This is also a good idea OP. As you may not have heard the U.S. imprison the most people in the world so this could be a good area for you to specialize in. The difference here is you then need to...
Forum: USA
Aug 10th 2017, 9:57 pm
Replies: 15
Views: 1,150
Posted By Dominic0012

Re: Graduate opportunities in the US, from the UK (Psychology)

I thought Guilford had a very good town budget?

Anyway the key is to look at areas which run a surplus and have a large pool or taxpayers paying into social services.

The U.S. is strange...
Forum: USA
Aug 10th 2017, 9:51 pm
Replies: 112
Views: 46,026
Posted By Dominic0012

Re: UK Pensions related to UK/US Tax Treaty

I would like to resurface this debate.

The consensus is that the savings clause applied and art 1(4) makes the PCLS taxable.

I would like the debate to shift to who exactly falls under art 1(4)...
Forum: USA
Aug 10th 2017, 3:01 pm
Replies: 15
Views: 1,150
Posted By Dominic0012

Re: Graduate opportunities in the US, from the UK (Psychology)

Welcome to BE.

My 2 cents

Stick to areas that pay the highest property tax as those will have the best mental care services for the community. Adult mental health is underfunded and as the...
Forum: USA
Aug 8th 2017, 2:47 pm
Replies: 11
Views: 1,186
Posted By Dominic0012

Re: UK Tax advice in USA (San Francisco)

You do not shift from a U.K. domicile to a U.S. Domicile in the event of a change of citizenship. It changes based on length of residence.

The IGA between the U.K. and the U.S. on estate tax...
Showing results 1 to 25 of 40
 


 
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