Vivinavi : Los Angeles : (United States) Los Angeles

• tax man
• 2021/02/18 (Thu) 16:47
• Report

＞ On 4/30/2020 my mother died and I received an inheritance.
＞ The inheritance is also still frozen in the bank.
＞ Inheritance tax in Japan was paid by my relatives.

＞ I heard that I don't have to pay taxes in the U.S.
＞ Do I have to apply
＞ even though I haven't received it yet ？

As you know, in Japan
You do not have to file a tax return as income in the U.S. with respect to your inheritance in Japan, as you know.

However,
if you do not bring the inheritance money to the U.S. and deposit it in a Japanese bank account
you will need to report the amount in the Japanese bank account under your name on your
1040. There is no taxation.

For amounts over 5 million yen, report only the amount on a regular 1040.
This is done on Form 8938. This is not taxable income, so only reporting
is required. In addition, you must report
to the IRS on a separate return, the FBAR.

Just last week, someone
e mailed me via Vivinavi with a question about this and explained how to file over the phone.

• 信頼
• 2021/02/19 (Fri) 00:56
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There are posts saying that it is dangerous to ask strangers on the internet and you should not do it....
In the beginning, some of you wrote about Tax Man as if he was asking himself the same question.

But I think I can trust Tax Man who answers so kindly.
I read through this topic every day, compare it with my case, and learn a lot.
If you don't trust Tax Man, you just don't have to ask him ？
I imagine that Tax Man must be very busy and kind in answering your questions.
And I appreciate that you don't mind any kind of nasty posts and give clear answers only to those who need them.
I'm sure many of you have found it helpful.

• 危機管理
• 2021/02/19 (Fri) 05:49
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While there is nothing wrong with asking and answering general questions about taxes on this topic,

giving out personal information such as SSN number ・ address date of birth ・ bank account number ・ credit card number, etc. to unidentified people on the internet

is considered a lack of risk management It is considered a lack of competence and should be avoided at all costs.

• 昭和のおとっつぁん
• 2021/02/19 (Fri) 06:54
• Report

Just ask.

• うざ
• 2021/02/19 (Fri) 13:29
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If you don't like it, just don't get involved.

The parasites🪱 are loud every day.