Featured Cheapest way to file taxes as US expats?

Discussion in 'Japan Practical' started by vu7, Oct 9, 2018.

  1. vu7

    vu7 Kouhai

    33
    1
    13
    Hi there, say if you have some income in both the US and Japan, what's the best way, or the cheapest way to file your taxes assuming you have ordinary dividend and some capital gain tax and some W-2 income?
     
  2. Toritoribe

    Toritoribe 禁漁期
    Staff Member Moderator

    14,679
    1,516
    228
    Just to confirm, what is your purpose to come to Japan in the first place? If you really want to learn in a Japanese university, I believe it's far more useful to learn Japanese instead of asking about those kinds of information in detail.

    What is your answer to Glenski-san's questions in the following thread, by the way?
    Graduate admission without letter of recommendation? | Japan Forum
     
  3. Buntaro

    Buntaro 運動不足

    920
    50
    43
    Vu,

    Did you pay taxes to Japan for your Japanese income? If so, you can subtract the taxes you paid to Japan from the taxes you owe in America. I use the American standard deduction, and this means the taxes I owe to a foreign country is more than the tax charged by America, so you should come out ahead.

    Irrelevant to the question being asked.
     
  4. vu7

    vu7 Kouhai

    33
    1
    13
    Thanks for your response! I know there's the foreign tax credit and foreign income threshold or something like that. But do you use things like Turbo tax or something to file your tax? Or you just go hard core using pen and paper and fill out your 1040 and stuff yourself?
     
  5. vu7

    vu7 Kouhai

    33
    1
    13
    I am trying to apply for some universities in Japan at this moment and if I actually move to Japan I'll still have to file my US tax return as there will be some US based income while I could potentially also have some income in Japan.:emoji_sweat_smile::emoji_sweat_smile::emoji_sweat_smile:
     
  6. Buntaro

    Buntaro 運動不足

    920
    50
    43
    I do it by hand. By the way, if you are in Japan for more than one month of a year, I believe you can use the foreign tax credit but not the foreign income threshold (form 2555). I don't know if Turbo tax can handle the foreign tax credit.
     
  7. Toritoribe

    Toritoribe 禁漁期
    Staff Member Moderator

    14,679
    1,516
    228
    To that specific question in this thread, yes, it might be so, but it seemed to me that his entry into a Japanese university was just a means to come to Japan, and he actually wanted to work in Japan by his questions so far (the "cheapest" university, penalty for overstaying, no response to the question about his major/field, etc.).
    He said his questions are for his future scenes, then I believe my opinion "learning Japanese is far more useful for him now" is relevant.
     
  8. mdchachi

    mdchachi Moderator
    Moderator

    2,320
    205
    87
    Just use TurboTax, the same way you would do it in the U.S. It's even easier than it used to be since you can now e-file. For Japan side, I'm not sure because that was handled by company in my Japan days but if you have to file yourself I believe it's relatively easy.
     

Share this page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.
    Dismiss Notice