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For foreign life insurance, who should report on the form
For foreign life insurance, who should report on the form 8938, the policy holder or the insured? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
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Robin! I've been doing my FBARs from 2013 onwards because of
Hi Robin! I've been doing my FBARs from 2013 onwards because of this French life insurance account I hold with very little over $10,000. I was told my another expert that I don't need to file an FBAR … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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I need to file California back taxes from 2013 to present
I need to file California back taxes from 2013 to present and I'd like to confirm what forms I need to submit as I lived and paid taxes in the UK from 2013 to present. I also have a foreign account th… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,007 satisfied customers
I'M a beneficiary of a life insurance benefit from my aunt
I'M a beneficiary of a life insurance benefit from my aunt who passed away and lived in florida. I live in spain and I was sent a W-8BEN form fo fill. I was wondering if I could apply for a special ra… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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I relocated from Germany to USA in 2005. Before my
I relocated from Germany to USA in 2005. Before my relocation I was paying into a special life insurance as a retirement savings comparable to 401k in USA. Due to my relocation I froze the payments bu… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,676 satisfied customers
I have question regarding a life insurance policy and its
I have question regarding a life insurance policy and its tax impact. I have decided to move my life insurance policy from the Netherlands to the USA. The policy was mostly funded with pre tax funds (… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,007 satisfied customers
Does a foreign insurance company qualify as PFIC? I (US
Does a foreign insurance company qualify as PFIC? I (US person) have shares of a foreign captive insurance company. As pretty much any insurance company, this company holds most of its assets in vario… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,676 satisfied customers
I am a US citizen, I left US and worked in Hong Kong four
I am a US citizen, I left US and worked in Hong Kong four years ago. (1)Recently I purchase a foreign insurance at Hong Kong. Do I need to report my foreign insurance purchased outside of US on my tax… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,556 satisfied customers
My name is ***** ***** my mother who is living in China and
my name is ***** ***** my mother who is living in China and non US citizen. she just bought life insurance, the insured person is me. I just want to know which form should file in this year I know I n… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
2,693 satisfied customers
Robin: Hope all is well. Are insurance premiums subject to
Hello Robin: Hope all is well. Are insurance premiums subject to Form 1099/1042S Reporting by a US Financial Institution?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
22,918 satisfied customers
, I came to the US 10 years ago with a (then) 10 year old
Hi, I came to the US 10 years ago with a (then) 10 year old life insurance. The life insurance matured last year paying me 20,000 USD according to contract. 70% of this amount was made up by my own co… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,007 satisfied customers
I have a few questions w.r.t Foreign income related Tax issues
I have a few questions w.r.t Foreign income related Tax issues and filing FBAR. 1> I have a Fixed Deposit in a bank in India. I have calculated the interested I accrued in the FD in 2014. Do I simp… read more
Barbara
Barbara
Enrolled Agent, Paralegal
11,832 satisfied customers
I want to know which line on the irs 1040 i should record life
I want to know which line on the irs 1040 i should record life insurance premiums paid outside the USA for tax purposes?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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RE: USA taxes: We have received an annuity/life insurance type
RE: USA taxes: We have received an annuity/life insurance type payout (from deceased in Canada). Is it correct that we do not pay taxes on this? We understand that will owe taxes on any interest or in… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,676 satisfied customers
Where does foreign income from a Life Insurance Policy that
Where does foreign income from a Life Insurance Policy that matured get entered on my 1040?… read more
Barbara
Barbara
Enrolled Agent, Paralegal
11,832 satisfied customers
Taxes owed? I just received an inheritance check from a life
Taxes owed? I just received an inheritance check from a life insurance company for $30K in Canadian funds (I'm dual and mom died in Canada). I really don't want to pay any US taxes and Canadian taxes … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
22,918 satisfied customers
I hold duel citizenship in Canada and the US. I have a US life
I hold duel citizenship in Canada and the US. I have a US life insurance that I wish to surrender for cash. I file US taxes but I don't pay any taxes to the US but I do pay to Canada. Will I be oblige… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,007 satisfied customers
Hi I am a US citizen, living in Hong Kong. When living in the
Hi I am a US citizen, living in Hong Kong. When living in the UK i was a member of a local employer funded pension scheme, which is now frozen. Are any gains since leaving the UK taxable in the US?… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
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