Ask Experts Questions for FREE Help !
Ask
    raserran's Avatar
    raserran Posts: 12, Reputation: 1
    New Member
     
    #1

    Nov 16, 2009, 01:52 PM
    I received my old age pension from abroad
    I just got my green card and know I have to fill my tax return next year. I am a foreign citizen, but legal US resident. I received my old age pension from abroad. They put it in a bank account there, and I use my debit card to get my money here, in the U.S. What kind of form should I use to fill my tax return. Should I need to know something else? Thank you very much for your attention to this message.
    Five Rings's Avatar
    Five Rings Posts: 459, Reputation: 7
    Full Member
     
    #2

    Nov 17, 2009, 08:23 AM

    You will file a form 1040.
    You will report your pension on line 16a and b as income.
    If any tax is being withheld on your pension in your home country you may be entitled to take a credit for that tax.
    Depending on what country you come from and from what employment gave rise to this pension you may be entitled
    To treaty benefits and either the US or your home country may be required to allow you a credit against tax paid to that other state.
    raserran's Avatar
    raserran Posts: 12, Reputation: 1
    New Member
     
    #3

    Nov 17, 2009, 08:59 AM

    Thank you very much for your answer

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

What is minimum age to receive a 1099 [ 4 Answers ]

I am US business and want to hire kids to market my product Is there a minimum age required? I give out 1099's as it's a commission job Thanks

Transfer US Pension to a UK Pension Plan [ 2 Answers ]

I'm a US citizen permanently livng in the UK. I currently have a US pension that I would like to transfer to a UK pension plan. Will the IRS allow me to do that? From what I have read, tax-free transfers are allowed from one qualified plan to another qualified plan, or to an IRA. And according to...

Child support after the age of 18 [ 2 Answers ]

My husband has been paying child support faithfully to his ex-wife for approximately 12 years. His son turns 18 in April of 2009. However, his son will not be graduating High School on time. He will not be graduating until December of 2009 instead of June of 2009. Does my husband still have to...

401 or state pension 25 year pension [ 1 Answers ]

I always wonder if I had a 401k insteed of a state pension. The period is from: 1969-1994. I received $1,000 a month for life. Have already received $192,600 But what about other scenario. 401K investment plan during the same period. Would it be better, the same, or worst?? ...

Taxes on money received as gift from abroad [ 1 Answers ]

Hello, If I were to receive some money as gift from abroad a) do I need to declare the money in my US tax returns? b) will there be tax implications? Thanks for your help,


View more questions Search