Search found 8 matches

by Nattokin
Thu May 16, 2024 2:39 am
Forum: Taxes
Topic: Traditional IRA and Japanese Taxation
Replies: 0
Views: 62

Traditional IRA and Japanese Taxation

I'm a US citizen, a permanent resident in Japan, and retired. Among my retirement investments, I have a small Traditional IRA in the US that I opened years ago while working in The States, and I funded it for just a couple of years with $7,636 I earned before moving to Japan. Converting that $7,636 ...
by Nattokin
Sat May 11, 2024 4:44 am
Forum: Taxes
Topic: Summary of taxation rights under Japan's tax treaties
Replies: 2
Views: 210

Re: Summary of taxation rights under Japan's tax treaties

You made my day!

Thank you for posting this link.
by Nattokin
Fri May 03, 2024 11:15 pm
Forum: Taxes
Topic: Japan Tax Office wants me to file Japanese tax return first before filing U.S. tax return
Replies: 36
Views: 1764

Re: Japan Tax Office wants me to file Japanese tax return first before filing U.S. tax return

Thank you. I appreciate the detailed replies. Although it will take me some time to fully digest all of the above information, I now get the gist of it. It would be extremely helpful if somewhere there were a simple, concise explanation, possibly in chart form, for various types of common income (US...
by Nattokin
Tue Apr 30, 2024 10:13 am
Forum: Taxes
Topic: Japan Tax Office wants me to file Japanese tax return first before filing U.S. tax return
Replies: 36
Views: 1764

Re: Japan Tax Office wants me to file Japanese tax return first before filing U.S. tax return

This just in.... I discovered the following in the technical explanation: Paragraphs 1 and 2 of Article 17 are subject to the saving clause of subparagraph 4(a) of Article 1 (General Scope). Thus, a U.S. citizen who is a resident of Japan and receives a pension, a social security payment, or an annu...
by Nattokin
Tue Apr 30, 2024 7:56 am
Forum: Taxes
Topic: Japan Tax Office wants me to file Japanese tax return first before filing U.S. tax return
Replies: 36
Views: 1764

Re: Japan Tax Office wants me to file Japanese tax return first before filing U.S. tax return

Hm-m-m-m... This still is not settled in my mind. Far from it. Today I have been looking at the Technical Explanation of the US-Japan tax treaty, https://www.irs.gov/pub/irs-trty/japante04.pdf . It was recently brought to my attention, and the following sections have me wondering. First, here's what...
by Nattokin
Mon Apr 29, 2024 8:12 am
Forum: Taxes
Topic: Japan Tax Office wants me to file Japanese tax return first before filing U.S. tax return
Replies: 36
Views: 1764

Re: Japan Tax Office wants me to file Japanese tax return first before filing U.S. tax return

OK. It seems like we're gradually getting to a more thorough understanding of the taxation of US Social Security for American expats living in Japan. To sum up things thus far, a US Person (such as the OP, booyah) who is resident in Japan must report US Social Security income to BOTH Japan and the U...
by Nattokin
Sun Apr 28, 2024 8:24 am
Forum: Taxes
Topic: Japan Tax Office wants me to file Japanese tax return first before filing U.S. tax return
Replies: 36
Views: 1764

Re: Japan Tax Office wants me to file Japanese tax return first before filing U.S. tax return

Tkydon wrote: Yes, the Article 1 US Citizen trap... on the US Side. Exactly! That's my point. There is also a US side to taxation here, and OP (booyeh) is a US citizen who falls into that " trap ," as you've referred to it. You're presenting things from "the Japanese tax standpoint&qu...
by Nattokin
Sat Apr 27, 2024 2:02 am
Forum: Taxes
Topic: Japan Tax Office wants me to file Japanese tax return first before filing U.S. tax return
Replies: 36
Views: 1764

Re: Japan Tax Office wants me to file Japanese tax return first before filing U.S. tax return

Tkydon wrote: 1. US Social Security - only taxable in Japan 3. Bank interest - only taxable in Japan Uh, I'm sorry, but I think you're mistaken. US tax treaties often have a so-called "saving clause" at the outset that basically says, 'Despite everything that follows, most of the benefits ...