|
#2
04-15-2006, 06:47 AM
| |||
| |||
 Re: Foreign income question Dave wrote: - quote - > One more question. I'm filling out the tax form, and it's
Sorry for the late response, but I have been away for awhile> asking for filing status. For both "married" options, it's > asking for my wife's SSN. Being a Canadian citizen, she of > course doesn't have one. > What status should I choose (there are no children > involved), and if one of the "married" statuses, is it ok to > put "N/A" or something similar where it's asking for her > SSN? due to a death in the family. You obviously are residing outside the US. You have provided no facts regarding the status of your spouse other than she is a Canadian citizen. E.g., is she a resident alien of the US or a nonresident alien of the US? Either way, if you want to file a joint tax return, you can treat her as a resident alien and she would need a TIN. If you want to treat her as a nonresident and claim her personal exemption if she had no US source income, then she would need a TIN. If you are not claiming her personal exemption she would not need a TIN. Form W-7 is used to obtain a TIN and you can send the W-7 with the tax return. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#1
04-04-2006, 07:59 AM
| |||
| |||
| Re: Foreign income question Thank you for the response! One more question. I'm filling out the tax form, and it's asking for filing status. For both "married" options, it's asking for my wife's SSN. Being a Canadian citizen, she of course doesn't have one. What status should I choose (there are no children involved), and if one of the "married" statuses, is it ok to put "N/A" or something similar where it's asking for her SSN? Thanks again! Dave << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
03-26-2006, 01:33 PM
| |||
| |||
| Re: Foreign income question Dave wrote: - quote - > I'm getting ready to file my 2555EZ form, but I have one
If as you say, your wages were the same throughout the year,> question. It says that foreign income must be converted to > U.S. Dollars with an exchange rate applicable at the time of > the income. > My income is from a regular wage, so I'm not sure what > exchange rate I should use. Am I supposed to keep track of > this every pay cheque? If so, I will next year, but I would > like some advice on what I'm supposed to do for this year. you can use the average yearly rate for 2005 without distorting income. http://www.federalreserve.gov/releases/g5a/current/ The federal reserve also publishes monthly rates. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#-1
03-25-2006, 08:03 AM
| |||
| |||
| Foreign income question Hello I'm getting ready to file my 2555EZ form, but I have one question. It says that foreign income must be converted to U.S. Dollars with an exchange rate applicable at the time of the income. My income is from a regular wage, so I'm not sure what exchange rate I should use. Am I supposed to keep track of this every pay cheque? If so, I will next year, but I would like some advice on what I'm supposed to do for this year. Thank you. Dave << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| foreign, income, question |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Foreign Income AngelSpiritUnite: I plan to put a restaurant and live in a foreign country. My question is that I become a bonafide resident. Do I have to pay social security tax. I... | Taxes | 2 | 11-17-2004 03:31 AM | |
| Foreign income Hankal: Journalist Lives in Serbia, get compensation in foreign currency to cover the war. He is a US citizen and has not filed a tax return from 1993 to... | Taxes | 8 | 07-21-2004 05:58 AM | |
| foreign source income Ali Kesermisin: A European company is about to pay a substantial amount to license a piece of software I wrote in my spare time. Is there any advantage of this... | Taxes | 4 | 05-19-2004 07:44 AM | |
| Foreign earned income Frank S. Duke, Jr.: Client works for US multinational, was transferred to Germany for 3 years and came back in 2000 with lots of foreign tax carryovers unused on 1116... | Taxes | 1 | 04-08-2004 07:05 PM | |
| Q: Is non-US citizen with Green Card still required to fill out Foreign Earned Income Exclusion Form 2555 for FE income? Jim: I found lots of replies on USENET about a US citizens obligation to declare foreign earned income but i'm not sure what my situation is as I am a... | Taxes | 1 | 01-28-2004 05:07 PM | |
| Thread Tools | |
| Display Modes | |
| |
Linear Mode
