Tax Help (stressed out)
#91
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.
#92
Re: Tax Help (stressed out)
Yeah I use TT, im just a bit too meticulous times and go over the doc.
#94
BE Forum Addict
Joined: Aug 2013
Location: Eee Bah Gum
Posts: 4,131
Re: Tax Help (stressed out)
#95
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.
#97
Re: Tax Help (stressed out)
He's a character..
Last edited by Hotscot; Apr 17th 2019 at 3:46 pm.
#98
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.
#99
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.
#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.
#101
BE Forum Addict
Joined: Aug 2013
Location: Athens GA
Posts: 2,134
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.
#102
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?