Go Back  British Expats > Living & Moving Abroad > USA
Reload this Page >

IRS Tax question

IRS Tax question

Old Mar 19th 2015, 2:03 am
  #1  
Forum Regular
Thread Starter
 
Joined: Jun 2010
Posts: 48
PetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud of
Default IRS Tax question

Hi. Just a quick question which hopefully someone here can answer. I am essentially retired although I do a small part time job and will obviously file taxes accordingly. My question is concerning my retirement UK pension which is paid to me as the Net amount meaning of course tax deducted from source in the UK. Do I declare the Gross amount, The Net amount, or not at all ? Please advise me as I am confused regarding this after hearing conflicting information. Thank you.
PetW is offline  
Old Mar 19th 2015, 2:16 am
  #2  
Lt Col (Retd)
 
Pulaski's Avatar
 
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 47,724
Pulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond repute
Default Re: IRS Tax question

You live in the US? .... You're talking about a state pension, not a private pension, a company pension, or a military or civil service pension?
Pulaski is online now  
Old Mar 19th 2015, 2:25 am
  #3  
Forum Regular
Thread Starter
 
Joined: Jun 2010
Posts: 48
PetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud of
Default Re: IRS Tax question

Thank you Pulaski. I am a dual citizen, British and American. My main pension is a retirement pension (we used to call it your old age pension) paid by the UK government department of pensions and social security. I also receive a widowers pension which is payed through a management company in the UK and it was associated to Santander(previously known as Abbey National).
PetW is offline  
Old Mar 19th 2015, 2:26 am
  #4  
Forum Regular
Thread Starter
 
Joined: Jun 2010
Posts: 48
PetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud of
Default Re: IRS Tax question

Yes I live in the US
PetW is offline  
Old Mar 19th 2015, 2:50 am
  #5  
 
lansbury's Avatar
 
Joined: Apr 2005
Location: Milwaukie, Oregon
Posts: 9,471
lansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond repute
Default Re: IRS Tax question

You need to claim relief from paying UK income tax.

https://www.gov.uk/government/public...ndividual-2002
lansbury is offline  
Old Mar 19th 2015, 3:14 am
  #6  
Forum Regular
Thread Starter
 
Joined: Jun 2010
Posts: 48
PetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud of
Default Re: IRS Tax question

Thank you Iansbury. This sounds like a good logical suggestion and I will follow up on this, thank you also for the link. Regarding this year and deadline being so close for tax filing, should I expect to be paying tax on my pension in both the UK and the U.S. Or just the UK where it has already been deducted ?
PetW is offline  
Old Mar 19th 2015, 3:40 am
  #7  
 
lansbury's Avatar
 
Joined: Apr 2005
Location: Milwaukie, Oregon
Posts: 9,471
lansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond reputelansbury has a reputation beyond repute
Default Re: IRS Tax question

Originally Posted by PetW View Post
Thank you Iansbury. This sounds like a good logical suggestion and I will follow up on this, thank you also for the link. Regarding this year and deadline being so close for tax filing, should I expect to be paying tax on my pension in both the UK and the U.S. Or just the UK where it has already been deducted ?
You can include your gross UK income in your US return. You are allowed to claim the tax you paid in the UK against what you will owe in the US. It is called a foreign tax credit.

I can't remember exactly what tax forms you need as it is a long time since I did it, but you should find instructions on the IRS web site.
lansbury is offline  
Old Mar 19th 2015, 3:44 am
  #8  
Forum Regular
Thread Starter
 
Joined: Jun 2010
Posts: 48
PetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud ofPetW has much to be proud of
Default Re: IRS Tax question

Thank you so much Iansbury, useful information and much appreciated.
PetW is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.