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Moving Money from UK to US

Moving Money from UK to US

Old Dec 27th 2007, 8:03 pm
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Default Moving Money from UK to US

Is there anything I need to worry about moving money from the UK to the US. I need some money for a project and I'm liquidating some accounts. I wondered if there were tax implications or any other problems I could encounter moving large sums of cash into my checking account.
-Adrian
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Old Dec 27th 2007, 8:10 pm
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Default Re: Moving Money from UK to US

Originally Posted by stubbsz View Post
Is there anything I need to worry about moving money from the UK to the US. I need some money for a project and I'm liquidating some accounts. I wondered if there were tax implications or any other problems I could encounter moving large sums of cash into my checking account.
-Adrian
Whats your US status
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Old Dec 27th 2007, 8:16 pm
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Default Re: Moving Money from UK to US

Permanent Resident. Green Card.

-Adrian
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Old Dec 27th 2007, 8:18 pm
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Default Re: Moving Money from UK to US

Originally Posted by stubbsz View Post
Permanent Resident. Green Card.

-Adrian
Well then technically you should declare it ...
on your taxes ..if tax has already been paid on it ..then fill in the extra forms ..and may God be with you
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Old Dec 27th 2007, 8:25 pm
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Default Re: Moving Money from UK to US

Oh heck, it's money from a endowment policy. Most of the money I got taxed on in the uk when I earned it from working. Some of it I guess is interest.... I guess I ask a tax guy how do deal with this.
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Old Dec 27th 2007, 8:29 pm
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Default Re: Moving Money from UK to US

Originally Posted by stubbsz View Post
Oh heck, it's money from a endowment policy. Most of the money I got taxed on in the uk when I earned it from working. Some of it I guess is interest.... I guess I ask a tax guy how do deal with this.
Whoever does your taxes... its form 1116 or something like that ..
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Old Dec 27th 2007, 8:30 pm
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Default Re: Moving Money from UK to US

thanks for your help.

-Adrian
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