U.S. Tax Filing

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Question Category : U.S. Tax Filing

    • US social security claim by Indian worker

      i have posted this enquiry with H&R block for myself, but post it for public knowledge here. An Indian worker that worked for a period in the US on H1B visa and returned with no change in citizen status – did not apply for permanent residency in the US. is it even possible to claim the US social security amount from india ?

      Asked By: Anonymous 3 replies 0 helpful answers Last Updated: 4 months, 1 week ago
    • State taxes on IRA distribution if living overseas?

      I withdrew 10K from a traditional IRA in 2017. This is my only income for the year. The state/address on my 1099-R is a friends address in California as that is the address on my IRA account. I do not reside in the US anymore so I will be filing overseas taxes. I have never lived in CA, never worked there, nor have I had a license or property there etc. The last time I filed taxes in the US was for the 2016 tax year when I was a resident of Colorado. I did come to visit the US for 20 days in 2017 and spent maybe a week in CA. I guess I am not sure how to file the state part. Since I live overseas do I need to file taxes with a state. Will CA cause me grief about this? Thanks in advance for the help.

      Asked By: Anonymous 1 replies 0 helpful answers Last Updated: 8 months, 2 weeks ago
    • Taxes in USA on gift of property in India

      What is the tax implication if any immediately on my 2 sons(US citizens) & also on me(GC holder) if I make a Settlement Deed in their favor making them as the joint owners of the apartment(valued Rs. 80 Lakhs) owned by me in Chennai?

      Profile photo of Subramanian Vasudevan Asked By: Anonymous 0 replies 0 helpful answers Last Updated: 8 months, 3 weeks ago
    • Tax query on PF for filing US tax return

      Hi,

      I am a resident alien and have a query around PF withdrawals and interest.

      I have made a partial PF principal withdrawal in 2017 which is tax exempt in India.

      1. Do I need to declare the withdrawal amount on my US return.
      2. Do I need to declare the PF interest received last year on my US return. or only declare the interest earned on the amount withdrawn.

      Profile photo of astha Asked By: astha 1 replies 0 helpful answers Last Updated: 9 months ago
    • PF partial principal withdrawal to be declared as capital ga

      I am a resident alien and have a query around PF withdrawals and interest.

      I have made a partial PF principal withdrawal in 2017 which is tax exempt in India.

      1. Do I need to declare the withdrawal amount on my US return.
      2. Do I need to declare the PF interest received last year on my US return.

      Asked By: Anonymous 1 replies 0 helpful answers Last Updated: 9 months, 1 week ago
    • Query on PPF partial withdrawal for filing US tax returns

      I am a resident alien and have a query around PF withdrawals and interest.

      I have made a partial PF principal withdrawal in 2017 which is tax exempt in India.

      1. Do I need to declare the withdrawal amount on my US return.
      2. Do I need to declare the PF interest received last year on my US return. Or only declare the interest received on only the portion of amount that was withdrawn.

      Profile photo of astha Asked By: astha 1 replies 1 helpful answers Last Updated: 9 months, 2 weeks ago
    • I have a few questions on Taxes regarding US Tax Filing.

      I and wife are currently US Green Card holders and 2 kids are USC. I am considering either R2I or work in India for a few years and then R2I.
      If I live in India, then what is the tax rate?
      Does this tax rate change if I live in India?
      Do I pay taxes on the whole amount earned to both the local government and US government? If not, how is it done?

      Profile photo of bathiya Asked By: Anonymous 1 replies 0 helpful answers Last Updated: 10 months, 2 weeks ago
    • How do I avoid the underpayment penalty by making estimated

      I am retired and living off of distributions from a tax deferred IRA. I plan on taking out 188,000 in January 2018 to cover all of my 2018 expenses. My estimated tax liability for 2018 is as follows: 188,000 minus 24,000(standard deduction, married file joint) = 164,000 * 22%(tax rate) = 36,080 tax liability. My question is: will I avoid the underpayment penalty by making quarterly estimated payments of 36,080 * 22.5% = 8,118 even though I did not withdraw the money evenly over the year, or would I be required to pay at least 90% of the 36,080 tax liability in the first quarter to avoid the penalty. Thank You

      Profile photo of Michael Biello Asked By: Anonymous 1 replies 0 helpful answers Last Updated: 11 months, 1 week ago