Vivinavi : World : () World

• mamico
• 2022/06/30 (Thu) 01:56
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I see a lot of bicycles these days ！.

• SJDummy
• mail
• 2022/06/27 (Mon) 12:25
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The article on the following website may be of interest to you. In particular, I think it is important to note the difference between the income reporting year and the foreign tax credit year.

http://office-m2.jp/qa/1034.html

• tax man
• 2022/06/27 (Mon) 16:48
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I believe that you have been receiving rental income
from your investment property and have been reporting it
to the Japanese tax office.

If you sell the property and make a profit, you will incur capital gains
taxes in the U.S., but since you are a resident of Japan,
you will not file a tax return in the U.S.
so you will have to pay taxes in the U.S. Since you are a Japanese resident, you will not receive a U.S. tax return, so the capital gain will be withheld by escrow at the time of sale and paid to the IRS
.

Then, as a resident of Japan, you will file a tax return in Japan
for the gain from the sale of the Hawaii property, and you will receive a
foreign tax credit for the capital gain tax withheld in the US. （ You will receive a refund ）

Specifically, we recommend that you contact an escrow company in the U.S. to receive the documents, and in Japan
consult with your tax advisor or local tax office to handle the transaction.

• 日本へ報告
• 2022/06/28 (Tue) 18:54
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• Delete

If I rent or vacation rentals, does this mean that I also have to report to the Japanese tax office once a year? We are planning to rent a vacation in the future, but we probably won't make a profit due to property taxes and management fees, but do we still have to report to Japan?
Are there any penalties for not reporting?

• 日本へ報告
• 2022/06/29 (Wed) 00:18
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• Delete

I paid taxes in the U.S. and
did not report my rental income to Japan because I made very little money.
Is there any penalty ？?

• tax man
• 2022/06/30 (Thu) 00:44
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Suppose there is a Japanese person living and working in the U.S. on a work visa or permanent resident status.
Suppose that person has a house in Japan
and rents it out to earn rental income.
Of course, he does not have a certificate of residence, so in that case,
the real estate company acting as an intermediary would withhold taxes from the rent and pay them in Japan
.

As you probably know, in the U.S., if you
reside in the U.S., you are required to report your worldwide income in the U.S.
However, especially between Japan and the U.S.,
double taxation of the same income has been abolished, so that income paid in Japan is
paid back in the form of Foreign Paid Tax
.

Conversely,
a Japanese person residing in Japan who has investment property in the U.S. and earns
income will have to file a return in Japan for
income tax withheld in the U.S.

However, the problem is that there is a "practical problem"
whether the tax must be paid in two countries as per the rules, even if no tax is due.

In other words, the question is why
you have to go through the
time-consuming procedure of filing the same income again in another country and getting back the tax paid in the other country, when you have already paid the tax in one country?

A system similar to this is the "FBAR" tax return that you have been asking about recently, where if you have more than $10,000 in a bank account
in Japan, you have to file in the US
and several people
repeat the question every year. Some people are repeatedly asked about it every year.

In other words, there is a similar question as to why we have to file
in the U.S. ？ for deposits in an After Tax bank account ）
for which income tax is paid （ on salary earned while in Japan.



What you need to understand is that the Regulations state that you must
report your rental income in Japan in the U.S. and that you must
strictly speaking report income from investment properties you own in the U.S. if you live in Japan. Strictly speaking, the "Regulations" state that you must file a tax return.

As an example, if you were to ask a highway patrol officer in the U.S.
about the speed limit on a highway, he or she would probably say
65 mph. But as you can see everyone is actually driving
under 65 mph and almost always over
the speed limit. But if you ask, the answer is 65 mph.

In other words, there is a difference between the rule itself and the actual situation, which means that
unless you are doing something illegal like tax evasion, you should
decide at your own discretion whether or not to file a tax return.

• 昭和のおとっつぁん
• 2022/06/28 (Tue) 07:29
• Report

↑ Even in the exchange forum, the topicals don't interact with each other.

Because they only ask questions and if they read the posts and learn a little of what they need to know, that's it.

The rest of the time, the people who live in the forum are competing with each other.

• 昭和のおとっつぁん
• 2022/06/28 (Tue) 07:56
• Report

59

If the people who inhabit it are sticking up for each other and it is no longer relevant to the topic

I can't very well write a post thanking them.

• ん？
• 2022/06/28 (Tue) 15:07
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I guess Topi is here to expose you to all the students who made a topi and ran back home.

> It's obvious that he lied because he didn't want his parents to be angry with him and said it wasn't my fault. I told them that it wasn't my fault.

This is a baseless delusion
I think it is a manipulation of impression to make the student look bad.

• 昭和のおとっつぁん
• 2022/06/28 (Tue) 17:21
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You have to read the one-sided posts about the damage
with that in mind, because they will write about how damaged they are.

• Iijiman
• 2022/06/29 (Wed) 15:26
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Topi, what happened to you ？?

• アホアホ
• 2022/06/25 (Sat) 13:37
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#21
My heating furnace has a switch for pilot ignition? There is something like that though. I close it and turn it off in the summer.

• ボケ
• 2022/06/27 (Mon) 18:20
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＞ Switch for pilot ignition? There is something like that though. I close it and turn it off in the summer.

The guy upstairs said I shouldn't shut it off and turn it off by myself in the summer, he wants the gas company to come
The advice is super poop, it's not possible ～ ～.

• 昭和のおとっつぁん
• 2022/06/28 (Tue) 07:45
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There is a difference between a house built about 60 years ago and a gas heating system built and installed 10-20 years ago.

Because there are still quite a few 50- and 60-year-old houses left in Los Angeles.

• 倍金萬
• 2022/06/28 (Tue) 09:01
• Report

Turning the Pilot Light on and off can be very dangerous if you do not know how to do it.

Please consult with SoCal Gas Company. If you make an appointment, an attendant will come to you.

It is dangerous to turn it on and off.

I replaced my 50 Galon Gas Water Heater by myself a few years ago, but the pilot light was very different from the old one, so it was very hard to see and I had to call the gas company to check.


Schedule Your Pilot Relight Now


https://www.socalgas.com/schedule-service/pilot-relight

• 無知
• 2022/06/29 (Wed) 13:15
• Report

Turning on and off the pilot of a gas heater is easy
There are usually instructions on the heater
When you turn it off, you can easily find the main gas valve, which we all know will turn off the main gas supply and turn off by itself.
When on, even if you open the main valve, no gas will be supplied unless the pilot is lit and heat is generated
This design prevents gas from being left on if the pilot is turned off by wind or other causes
When on, open the gas valve and press the push button at the end of the pipe connected to the pilot. When it is on, the gas is supplied to the pilot by opening the gas tap and pressing the push button at the end of the pipe that is connected to the pilot.
It's just that simple.

Replacing the water heater by yourself ？ I know you are bragging about it, but no sensible person should do a job that requires gas piping by yourself.
It is natural to ask the gas company to come and do the work, and to suggest that it is the same as the pilot is really at the wrong level
You still don't have any common sense.

• 将吾
• 2022/06/28 (Tue) 10:00
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Mr. Bokeh

I'd like to go for about $50,000.
I have a lot of cash positions right now.

• ボケ
• 2022/06/28 (Tue) 13:14
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♯ 1 I'm looking for a money changer because of the weak yen

I have about $100,000 to spend ？

Grandpa, $100,000 is a lot of money and the exchange offices are not prepared for that, so I'm going to the bank

I'm a money changer and they're in business, so I have about $100,000 to spend
（ So much for the money exchange ）

From there the old man ＃ 8

The old man, just exchanging money doesn't generate profit.
I need to write down how to make a profit.

I am not a volunteer at the exchange, so I do make a profit


And from talking about the exchange, ＃ I start to write something ridiculous like 1 profit
from ＃ 10

don't change the subject on your own ～
this is becoming a common conversation in dementia that only he can understand
incoherent

• 呆れた
• 2022/06/28 (Tue) 13:36
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Showa is disabled.
With the addition of old age, he is unable to speak properly.

• 両替商
• 2022/06/28 (Tue) 16:49
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#11Shogo
The commission is against the exchange rate. 1 dollar ＝ at 100 yen
is calculated as 103 yen
with 3 yen commission when buying dollars and 97 yen when the opposite is true.
In terms of exchange only
this 3 yen commission is roughly the same at Japanese bank exchange centers, Japan Post Bank, etc.
My experience when buying dollars is that it is more advantageous to have them sent by wire from bank to bank than 3 yen.
（ In my case, Mitsubishi UFJ → UNION BANK)

On a side note,
If you are talking about money exchange, you can make money if there is more than 6 yen difference in exchange rate.

• 呆れた
• 2022/06/29 (Wed) 10:23
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19

You don't know what's off the mark until I ask you, because you're incompetent.
You can't think, no wonder you can't do your job.