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I am a US citizen but used to live in canada. i have a lump
thanks. i am a US citizen but used to live in canada. i have a lump sum pension that i can receive in december. the Canadian Trust company has given me form NR301 to fill out. can i roll my lump sum p… read more
ALEX O
ALEX O
Partner O & G Tax
Master's Degree
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25% of my lump sum pension payout was tax free according to
25% of my lump sum pension payout was tax free according to UK laws. will the US honor that and how do i report that on my tax return… read more
Barbara
Barbara
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Citizen and holds Canadian Retirement accounts RRSP and
I am US citizen and holds Canadian Retirement accounts RRSP and RRIF. I received distribution from both accounts in 2017 and both were subjected to Canada withholding tax as indicated in the received … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,197 satisfied customers
I have a client who received a Form NR4 -Lump-sum payment
I have a client who received a Form NR4 -Lump-sum payment from a Canadian Registered Retirement Plan (RRSP)e some questions as to the tax ramifications. She is Resident of the United States. … read more
Barbara
Barbara
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I have an NR4 Income Code 49 Pension Plan Beneifts - does it
I have an NR4 Income Code 49 Pension Plan Beneifts - does it need to be recorded on the 1040 form.… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,197 satisfied customers
I have a lump sum distribution from a foreign (Canadian)
I have a lump sum distribution from a foreign (Canadian) company pension. I am under age 59-1/2. It will be 25% tax withheld in Canada (treaty rules). Is this amount subject to the 10% early distribut… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
23,416 satisfied customers
On form 1040 we included a canadian nr4 plan payment
on form 1040 we included a canadian nr4 for pension plan payment code 40 on line 16b, however form 1116 is showing no foreign tax credit, is there some exclusion here? I checked lump sum distribution … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
23,416 satisfied customers
Uk tax resident with card facing 401k mandatory withdrawals.
Uk tax resident with green card facing 401k mandatory withdrawals. Do 401k withdrawals qualify (in UK) for 25% tax free element as UK defined contribution plans now do?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,631 satisfied customers
I am a UK citizen and UK resident.I lived in the USA in the
Hi,I am a UK citizen and UK resident.I lived in the USA in the 1980s and contributed to IRAs (all non-Roth). I now want to take distributions. I understand that no USA tax will be due. How will I be t… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
58,355 satisfied customers
I have a defined benefit and a defined contribution pension
I have a defined benefit and a defined contribution pension plan from working in the UK. I understand that I can take a 25% lump sum payout that is non taxable in the UK and am trying to determine whe… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
7,023 satisfied customers
How should I report a lump sum payment received in
How should I report a lump sum payment received in Colombia(country) for retroactive government pension. There is no treaty between Colombia and USA… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,189 satisfied customers
I am a UK citizen, a US resident alien, and still a permanent
I am a UK citizen, a US resident alien, and still a permanent resident of Hong Kong. I worked for the Government in Hong Kong in the 80's and 90's and am expecting to get a delayed pension from the Ho… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
58,355 satisfied customers
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
21,631 satisfied customers
I am in the position where I am being laid off from my company,
I am in the position where I am being laid off from my company, of which I have a pension plan. The numbers indicate it is best to begin collecting my pension now. I could take $1400 per month, or a l… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
23,416 satisfied customers
I withdrew my Canadian company pension plan in its entirety
I withdrew my Canadian company pension plan in its entirety last year. I live in the US as a resident alien. I received an NR4 form with gross income of $37,537.38 and Non-Resident Tax Withheld $9,384… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
58,355 satisfied customers
After 20 years of paying into retirement fund abroad, this
After 20 years of paying into retirement fund abroad, this year I got paid out lump sum of money in US. Do I have to pay income tax for it?… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,189 satisfied customers
as a dual US/Canadian citizen am i required to pay tax on a
as a dual US/Canadian citizen am i required to pay tax on a pension I received in Canada. I have never worked or lived in the usa. My pension is a pension from a provincial pension plan.… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,189 satisfied customers
How to complete 1040 form in U.S. to avoid double tax?
My wife and I are permanent residents of the US, citizens of Canada. We have a few RRSPs in Canada and have deferred tax on the gains under the Canada US Tax Treaty, most recently using Form 8891. In … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
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