user102008
  • Member for 9 years, 10 months
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Stimulus check for overseas citizens
-2 votes

Perhaps you can endorse the check and give it to a relative or friend who has a US bank account to cash it for you and give you the money.

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After converting after-tax 401(k) into Roth IRA, can the 401(k) contributions be withdrawn from the IRA without penalties?
4 votes

Yes, I believe that the first $10k in your scenario can be withdrawn without tax or penalty, as long as there were no prior conversions to Roth IRA. How amounts are treated when rolled over from Roth ...

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Which Tax Year for Return of Excess Roth Contributions?
Accepted answer
1 votes

In Publication 519-A, section Roth IRAs -> Can You Contribute to a Roth IRA? -> What if You Contribute Too Much? -> Withdrawal of excess contributions (here is the one from 2019), it says: ...

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If someone could claim me as a dependent, but they will not, am I required to check the "Someone can claim me..." box on my 1040?
4 votes

I think, legally speaking, it is clear that the person is not eligible for the Recovery Rebate Credit. 26 USC 6428(d) (as well as the corresponding section from 26 USC 6428A for the second round ...

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H4 Visa Spouse Tax Filing
Accepted answer
2 votes

You filed 2019 taxes wrong. Since you were married as of December 31, 2019, you cannot file as "Single" filing status. You could only file as Married Filing Jointly or Married Filing ...

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Working remotely in Texas but office is in Illinois
2 votes

You would be taxed by both states -- by Illinois because it's you are a resident of Illinois, and by Texas because that's the source of the income (since you did the work while in Texas). Since Texas ...

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Backdoor Roth IRA conversion while owning SEP-IRA as well
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4 votes

This issue is not only if you have contributed to the SEP IRA this year. If you have existing pre-tax funds in SEP IRA, it will get mixed with after-tax funds you contribute into Traditional IRA, and ...

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One-time estimated tax payment for windfall
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14 votes

If your total tax withholding (from your paychecks; not including estimated taxes) reaches 90% of your tax liability for this year, or 100% (110% for high earners) of your tax liability for last year, ...

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How do you know how much to withold on your W-4?
15 votes

The goal of withholding is to get as close to the actual amount of tax you will owe by the end of the year as possible. So ideally, you should have no refund and owe no tax when you file your tax ...

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Can you pay "taxes as you go" in the US?
2 votes

Form 2210 is the form which is used to calculate your federal underpayment penalty when you file your income tax return early in the following year. (State underpayment penalties may be calculated ...

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Will I get double-taxed? Primary address in North Carolina but work is in California
2 votes

In general, unless there is an agreement between the states, you are taxed in both the state of residence and the state that is the source of the income. If those two states are different, you can ...

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Can I tax-deduct income for Traditional IRA during the time I am not covered by new employer's 401(k)?
3 votes

If you (or your spouse) were covered by an employer retirement plan any time during the year (which for 401(k) means you or your employer contributed to your 401(k) any time during the year), the ...

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Am I eligible for the stimulus check, and if so, why haven't I received it?
3 votes

It depends on whether they made the determination of your stimulus "check" (advance payment) eligibility and amount based on your 2018 tax year or 2019 tax year. If your 2019 tax return had ...

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Determining "country of residency" for nonresident alien student
1 votes

Assuming you are living in Singapore for at least a year and you are currently a tax resident of Singapore, I doubt you can use the US-India tax treaty provisions for residents of India who go to the ...

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Roth conversions that include non-deductible IRA contributions
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2 votes

Yes, that is correct. The taxable amount will be the amount of the conversion minus the amount of non-deductible contributions (the basis in the Traditional IRA). In the year of the conversion, since ...

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Are nonresident aliens filing the 1040-NR eligible for the $72,900 AMT exemption?
1 votes

That article talks about real estate, not stocks. In Form 6251 instructions, there is a section called Nonresident Aliens regarding disposition of US real property. I don't think it would apply to ...

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Accidentally filed my taxes using TurboTax as a US citizen while I'm not
Accepted answer
5 votes

TurboTax is not "only for US citizens". TurboTax is for US citizens and resident aliens. Only if you are a nonresident alien should you not use TurboTax, since they do not support Form ...

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How much can I contribute to a Roth IRA?
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3 votes

Publication 590-A covers how much you can contribute to IRAs. Specifically, in the section for Roth IRA contribution limit if you contribute to Roth IRAs only, it says that the limit is the lesser of $...

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COBRA eligibility and plan transfer
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2 votes

Since your company has more than 20 employees, it qualifies for Federal COBRA, and there is no minimum length of work to be eligible for that. Yes, it should be the exact same plan/carrier as your ...

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Wash sale rule applied to quarterly estimated taxes?
1 votes

The question of whether income/loss applies to a certain quarter only matters when you are using the Annualized Income method to calculate your penalty on Form 2210. If you weren't using the ...

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If working from outside the US for x days, will one fill one's US taxes as if one stayed the entire year in the US?
Accepted answer
4 votes

US citizens and resident aliens enter their worldwide income on their tax form (1040). It doesn't matter where the source of the income is.

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How to pay tax on IRA to Roth rollover
1 votes

Let's say the taxable part of the conversion (i.e. the part of the conversion that is attributed to pre-tax funds) is $X. When you do your tax return, the effect of this conversion is that your ...

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Does 'Taxable Income' from a Roth conversion count as income source for IRA contribution?
Accepted answer
5 votes

The sum of your (Traditional and Roth) IRA contributions cannot exceed your "taxable compensation" for the year. (Or, for spouses filing as Married Filing jointly, the sum of both their IRA ...

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If an employee works from outside California but is declared by the company as working in CA, from how many days outside CA does it become an issue?
1 votes

This article lists that 13 states allow businesses to continue to withhold tax in the state where the employer is located, but it is unclear for other states. It also lists 13 states where the an ...

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Working from outside California for x days: do I have to pay taxes in the other state?
2 votes

Generally, if you are a resident of a state, you are subject to that state's income tax on your worldwide income; whereas if you are a nonresident of a state, you are subject to that state's income ...

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Is there any tax difference between a US citizen and a US lawful permanent resident?
12 votes

There are some differences in US gift tax if the person's spouse were to give a gift (or leave an inheritance) to the person, although the gift tax would be paid by the giving spouse, not the person ...

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H4 visa spouse: resident alien or non-resident alien
Accepted answer
4 votes

Yes, definitely. For 2019, yes. Well, her situation for 2019 is a little more complicated because it's her first year of residency. Since she is a resident by passing the Substantial Presence Test, ...

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With the Presidential "Payroll Tax Holiday" being imposed, should I invest the money in ROTH IRA or Regular Brokerage?
0 votes

The deferral of payroll tax doesn't affect income tax. Even if you have to pay back the deferred payroll tax next year, that is calculated separately from income tax, and doesn't affect your tax rate ...

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F1 OPT, marriage to Canadian citizen, FICA taxes and tax filing status
Accepted answer
1 votes

You are a resident alien for all of 2020 (or, at least, starting from Jan 3). I don't believe there is any way to pay FICA taxes on your income tax return. You can notify the employer, but it would ...

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Are funds mixed between 401k and Roth 401k?
3 votes

The funds are not mixed between Roth 401(k) and non-Roth 401(k). The broker is required to keep separate accounting of the funds in Roth 401(k). See 26 USC 402A(b)(2): Separate accounting required -- ...

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