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For purposes of whether a bank is considered foreign, the following locations are considered part of the United States: United States, including the District of Columbia; United States territories and possessions, such as: Commonwealth Northern Mariana Islands. American Samoa. Guam. Commonwealth of Puerto Rico.
However, it could be a foreign bank acct. for Form 8938 purposes, which must be attached to the Form 1040. A Form 8938, "Statement of Specified Foreign Financial Assets", must be completed to report the PR Savings Acct. if the bank with the acct. was created in PR and the owner of the acct. is not a resident of Puerto Rico. See Form 8938 ...
Yes, you can file federal (IRS) returns if you or your employer has a non-U.S. address. However, there are some restrictions regarding foreign-address returns: IRS regulations require a U.S. bank account to receive your tax refund, and you'll need a U.S. bank account (or credit/debit card with a U.S. billing address) if paying additional ...
Tax exempt Interest and Dividends for CA. Not sure what to enter in popup box after checking Yes to original question.
There is no state payer tax # on my 1099-R form for selco community credit union and turbotax will not let transmit tax returns.
Yes you can be taxed on an amount that is greater than the amount of your distributions. If this K-1 is from an investment that is held in an IRA account this information does not need to be reported on your tax return.
Please note : If you have foreign bank accounts, you may be required to file a Report of Foreign Bank and Financial Accounts (FBAR) if are a US citizen or resident and: you had a financial interest in or signature authority over at least one financial account located outside of the United States; and
- Any depository, custodial or securities account (bank account, savings account, mutual funds, etc.) maintained by a foreign financial institution - Any equity or debt interest in a foreign financial institution (other than interested that are regularly traded on an established securities market)
1 Best answer. ColeenD3. Expert Alumni. Who Must File. Generally, if you're in a trade or business and receive more than $10,000 in cash in a single transaction or in related transactions, you must file Form 8300. A "person" who must file Form 8300 includes an individual, company, corporation, partnership, association, trust or estate.
E-file reject F1099R-502-02 happens when the employer’s name or federal Employer Identification Number (EIN) that you entered from your 1099-R form doesn't matc