![]() |
|
| *The Commerce Journal>>>United States Taxes |
I f I am a USA citizen and on Soc. Sec. and have the monies sent to me to UK, do i still have to pay UK taxes? |
Also, can I use my Soc. Sec. Medicare A & B & D medical cards in the UK, if I am a USA citizen? And how long can I stay in the UK before I have to return to the USA so that I can keep my Soc. Sec. income, etc. Never have been oversea before. Any other advise that you can give would be helpful. Others have correctly covered the issue on the taxes so I won't step on their toes. You'll have to ask at the Home Office about the length of your stay. If you only received a passport stamp, your stay is limited to 6 months and you do NOT qualify for the NHS. Report It I don't think so, as long as you not working and the money sent as a gift (from your parent etc). There is a double taxation agreement between the US and the UK which means that you pay tax in the UK on income received in the UK and you will not be taxed in the US but this is a complex area and depends on your residency status. It also needs to be agreed with the US tax authorities (see the IR website www.hmrc.gov.uk which is very comprehensive gives details of tax rates and thresholds etc) Generally, a US citizen is taxed on worldwide income. If your only income is SS benefits, you won't be required to file in the US. If you have other income, you may need to. |
| Tags |
| Austin Atlanta Other - Business & Finance Other Taxes United States Taxes United Kingdom Taxes Spain Taxes Singapore Taxes Mexico Taxes Ireland Taxes India Taxes |
| Related information |
Mike, I think you are obsessing for no reason. On your original tax return, you were supposed to put down your wages ($70,000) *and* put down the amount you took out of the retirement plan ($95... IRS doesn't know if you made a profit or had a loss until you file your tax return, and show proof of profit or loss... IRS does know if you earn money and how much because your employer or b... The 10% penalty applies if you are under the age of 59 1/2 at the end of the year. You should have paid the loan back BEFORE you left the company to avoid the taxes. As was said you can draft... You get an exemption of $3400, which might cut your taxes by around $500 if you're in a 15% bracket. If the dependent is an eligible child, you might also get some credits for him or her. ...You aren't going to jail. About the worst that will happen is that the auditor will disallow the deductions and you'll have to pay the extra tax, penalty and interest. If you can show b... the best place for this i found ... Yes, the TSP can be used for the saver's credit calculation. If you actually get a credit, good for you! ...tax in the state reanges fron 7% to 8.25*. the average being 7.75%. your tax will be aprox $23.14 ... |
Commerce Categories--Copyright/IP Policy--Contact Webmaster |