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Help!! US IRS Tax Credit for UK Mortgage

Help!! US IRS Tax Credit for UK Mortgage

Old Mar 29th 2008, 10:18 pm
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Default Help!! US IRS Tax Credit for UK Mortgage

We are using Tax Act to fill in our IRS form and can't seem to be able to put in details of out Nationwide Bld Society Mortgage in the UK because we don't have an EIN (Employers Identification Number).

Last year they didn't want as much detail, but they must have changed their system and now we cannot finish the online form because of not having the EIN. Can anyone help?
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Old Mar 31st 2008, 3:31 am
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Default Re: Help!! US IRS Tax Credit for UK Mortgage

The EIN should be written on the bottom left corner of your W2.
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Old Mar 31st 2008, 5:12 am
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Default Re: Help!! US IRS Tax Credit for UK Mortgage

Originally Posted by Dan B View Post
The EIN should be written on the bottom left corner of your W2.
And would the Nationwide Building Society send out a US W2 form with a US EIN on it? I don't think so.
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Old Mar 31st 2008, 10:40 am
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Default Re: Help!! US IRS Tax Credit for UK Mortgage

Originally Posted by joyceygreen View Post
We are using Tax Act to fill in our IRS form and can't seem to be able to put in details of out Nationwide Bld Society Mortgage in the UK because we don't have an EIN (Employers Identification Number).

Last year they didn't want as much detail, but they must have changed their system and now we cannot finish the online form because of not having the EIN. Can anyone help?
Do you mean a Payer's Identification Number - the EIN would only be for your employer? If so you can just leave it blank - that is what I have done.
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Old Mar 31st 2008, 11:55 am
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Default Re: Help!! US IRS Tax Credit for UK Mortgage

No, this is specifically meaning the EIN for the UK Nationwide Building Society, whom our mortgage is with. Tax Act does not allow us to leave it blank, or to provide other details to explain that our mortgage is in the UK.

An Aussie friend has suggested a particular CPA that specialises in Ex-Pat Tax forms, so I think we will get him to do it. She also suggested that we might be able to get some Tax allowance for trips back to the UK aswell (to inspect the property), so it's probably worth paying a professional to do it.

Thanks anyway!
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Old Mar 31st 2008, 12:55 pm
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Default Re: Help!! US IRS Tax Credit for UK Mortgage

Originally Posted by joyceygreen View Post
No, this is specifically meaning the EIN for the UK Nationwide Building Society, whom our mortgage is with. Tax Act does not allow us to leave it blank, or to provide other details to explain that our mortgage is in the UK.

An Aussie friend has suggested a particular CPA that specialises in Ex-Pat Tax forms, so I think we will get him to do it. She also suggested that we might be able to get some Tax allowance for trips back to the UK aswell (to inspect the property), so it's probably worth paying a professional to do it.

Thanks anyway!
Ah I see. Sorry I misunderstood.

Strange I just opened Taxact and put something on that page and left that field blank and it didn't have a problem with it. I assume you are talking about the page "Itemized Deductions - Mortgage Interest Paid"? I didn't follow the whole section through though.

Do you mean it won't let you complete the return without that?

If you still want to do it in Taxact, and you have to put something in I would just put in anything it accepts - if it just needs something, put in FOREIGN - or if it needs a certain format just put 00-00000 (or whatever). The fact is as you are putting a foreign address it will be clear its foreign and I can't see them having a problem with it.
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Old Mar 31st 2008, 1:13 pm
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Default Re: Help!! US IRS Tax Credit for UK Mortgage

Yes, what happens for us is that if you leave it blank or put in 0000000 etc. It does accept it then sends you around in a loop, then just when you think you're all done (5-6 screens later), it brings it up as an 'Red Alert' to force you to put in the EIN.

Apparantly last year my husband put in N/A and the system accepted it and we got the tax refund for that, but I think there has been some tightening up and this years version won't allow for it.

I will let you know how we get on with this CPA, apparantly, he's a mad Irishman, which, if nothing will be good for a laugh!
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Old Mar 31st 2008, 1:16 pm
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Default Re: Help!! US IRS Tax Credit for UK Mortgage

Originally Posted by joyceygreen View Post
Yes, what happens for us is that if you leave it blank or put in 0000000 etc. It does accept it then sends you around in a loop, then just when you think you're all done (5-6 screens later), it brings it up as an 'Red Alert' to force you to put in the EIN.

Apparantly last year my husband put in N/A and the system accepted it and we got the tax refund for that, but I think there has been some tightening up and this years version won't allow for it.

I will let you know how we get on with this CPA, apparantly, he's a mad Irishman, which, if nothing will be good for a laugh!
OK good luck with that
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Old Mar 31st 2008, 2:06 pm
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Default Re: Help!! US IRS Tax Credit for UK Mortgage

Originally Posted by dbj1000 View Post
And would the Nationwide Building Society send out a US W2 form with a US EIN on it? I don't think so.
Well, tbh, the question is a little confusing. Are you an employee of the Building Society that hosts your mortgage?
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Old Mar 31st 2008, 2:09 pm
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Default Re: Help!! US IRS Tax Credit for UK Mortgage

Originally Posted by Dan B View Post
Well, tbh, the question is a little confusing. Are you an employee of the Building Society that hosts your mortgage?
I think you need to look at schedule A (Line 11) to understand the question, but it asks for the EIN of the company who you are paying the mortgage interest to.
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Old Mar 31st 2008, 4:50 pm
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Default Re: Help!! US IRS Tax Credit for UK Mortgage

its all bloody weird if you ask me
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Old Mar 31st 2008, 11:01 pm
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Default Re: Help!! US IRS Tax Credit for UK Mortgage

http://www.americantaxhelp.com/faq.html
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Old Mar 31st 2008, 11:24 pm
  #13  
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Default Re: Help!! US IRS Tax Credit for UK Mortgage

Nice one Raymundo!
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