Tax Help (stressed out)
Apr 17th 2019, 3:10 pm
#91
Lost in BE Cyberspace
Joined: Jun 2011
Location: Los Angeles
Posts: 6,159
Re: Tax Help (stressed out)
You're correct.
Are you filing forms by hand
Get Turbo Tax and streamline it. You don't need that level of granularity.
Are you filing forms by hand
Get Turbo Tax and streamline it. You don't need that level of granularity.
Apr 17th 2019, 3:21 pm
#92
Forum Regular
Thread Starter
Joined: Feb 2017
Posts: 108
Re: Tax Help (stressed out)
Yeah I use TT, im just a bit too meticulous times and go over the doc. 
Apr 17th 2019, 3:28 pm
#93
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Apr 17th 2019, 3:28 pm
#94
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Posts: 4,128
Re: Tax Help (stressed out)
Apr 17th 2019, 3:34 pm
#95
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Location: Los Angeles
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Re: Tax Help (stressed out)
Dee has been told about 20 times that no, he does not have a Grantor Trust.
Yet he keeps asking.
Yet he keeps asking.
Apr 17th 2019, 3:41 pm
#97
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Location: Los Angeles
Posts: 6,159
Re: Tax Help (stressed out)
He's a character..
Last edited by Hotscot; Apr 17th 2019 at 3:46 pm.
Apr 17th 2019, 3:46 pm
#98
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Thread Starter
Joined: Feb 2017
Posts: 108
Re: Tax Help (stressed out)
Sorry guys, I got the gist of it I do understood all about the grantor trust etc now as previously mentioned, I just wanted to ask about the 2nd part of the question that was all if one contributed to a pension it would still be no which you both confirmed.
Cheers for replying durhamlad and hotscot.
Cheers for replying durhamlad and hotscot.
Apr 17th 2019, 3:48 pm
#99
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Joined: Jun 2011
Location: Los Angeles
Posts: 6,159
Re: Tax Help (stressed out)
Sorry guys, I got the gist of it I do understood all about the grantor trust etc now as previously mentioned, I just wanted to ask about the 2nd part of the question that was all if one contributed to a pension it would still be no which you both confirmed.
Cheers for replying durhamlad and hotscot.
Cheers for replying durhamlad and hotscot.
You're good, although I don't really know why you seek out these things to worry about.
It's a five minute form on Turbo Tax.
Even if you make mistakes, as many do, it's unlikely they'll come to light.
Ever.
May 21st 2019, 9:32 am
#100
Just Joined
Joined: May 2019
Location: Villa Rica
Posts: 5
Re: Tax Help (stressed out)
When it comes to social security benefits in expat income, there are some countries where you are exempt from filing US taxes on the pension, depending on the specific US tax treaty with the country. These include Canada, Ireland, Italy, Germany, UK, Israel, Romania and Egypt. For other countries, the foreign pension distributions are taxable as if they were earned in the US. FATCA requires that for individual returns, the taxes on benefits are payable if your combine income exceeds $25,000. For a joint tax return, such as a couple, benefits are taxable if the combined income exceeds $32,000.
Jun 7th 2019, 6:56 pm
#101
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Joined: Aug 2013
Location: Athens GA
Posts: 2,133
Re: Tax Help (stressed out)
When it comes to social security benefits in expat income, there are some countries where you are exempt from filing US taxes on the pension, depending on the specific US tax treaty with the country. These include Canada, Ireland, Italy, Germany, UK, Israel, Romania and Egypt. For other countries, the foreign pension distributions are taxable as if they were earned in the US. FATCA requires that for individual returns, the taxes on benefits are payable if your combine income exceeds $25,000. For a joint tax return, such as a couple, benefits are taxable if the combined income exceeds $32,000.
Jun 7th 2019, 11:54 pm
#102
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Joined: Apr 2001
Posts: 46,382
Re: Tax Help (stressed out)
When it comes to social security benefits in expat income, there are some countries where you are exempt from filing US taxes on the pension, depending on the specific US tax treaty with the country. These include Canada, Ireland, Italy, Germany, UK, Israel, Romania and Egypt. For other countries, the foreign pension distributions are taxable as if they were earned in the US. FATCA requires that for individual returns, the taxes on benefits are payable if your combine income exceeds $25,000. For a joint tax return, such as a couple, benefits are taxable if the combined income exceeds $32,000.
Husband must include his Canadian Old Age Benefits and his Canadian Forces Pension on his US income tax. Been doing this for 21 years ... wherever have you been getting all this misinformation from?
