Vivinavi : World : () World

• 送金予定
• 2022/05/14 (Sat) 23:36
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Sorry for the sideways entry.

#16 Dear SJDummy

I am thinking of sending money to my sister in Japan, is it ok if it is not $10,000 at a time ？ for example in 4 installments. I don't have a bank account in Japan, so I will send it to my sister. （ I want it to be used for my mother's care ）
If I send my sister a total of $10,000 in one year, will there be any problems on her side ？ like taxes....
I have been away from Japan for 40 years, so I don't know anything about Japan.
Please let me know if you can help me.

• SJDummy
• mail
• 2022/05/15 (Sun) 16:40
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It seems that $10,000 is the amount on the U.S. side, and on the Japanese side, if the amount is more than 1 million yen, it will be reported to the tax office. For example, assuming that 900,000 yen in Japanese yen is sent four times, probably no report will be sent to the tax office both in Japan and the U.S. （ Personal Opinion ） This is not a guarantee. If the recipient is the same person, if the tax office learned that information, they would check to see if the gift tax has been reported. （ The tax-free range for gift tax in Japan is up to 1,100,000 yen per year ） Also, on the U.S. side, there should normally be no report to the IRS, but if there is an investigation, the gift is considered to be more than $ 15,000 per year to the same person and a gift tax return will be required on the U.S. side. If the rules are followed, gift tax returns （ must be filed in both Japan and the U.S. ） by the recipient in Japan and the sender in the U.S. , so it depends on how you think about the risk of being discovered by the tax authorities. From this point on, it would be up to the individual, but for this amount of money, I would not file a tax return.

• sati2929
• 2022/05/16 (Mon) 14:39
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Dear SJDummy,

Thank you again.

My Japanese assets are over 100k.
The other day, I talked to someone who has more assets than I do, and he told me that I should file Form 8938 and FBAR properly, but
he said that if I tell my accountant too much detail, he will just make money from me, so I should just do the small amount properly.
（ For example, accounts under $10 could be written as $8 or $6. As for his wife, he said that she doesn't declare accounts of about 1-2 million. ）
He told us that they have an American accountant, so they do a lot of the work themselves.

I just started to fill out Form 8938 on turbotax, and I can easily find dividends by looking at the brokerage report, but
I have to check the 12 month statement for each account and add up the interest from the bank since it comes in at different times. ？
and it is as the rule says, but the interest on savings accounts is 0.001%, so even if there were tens of millions of dollars, it would only be a few hundred yen,
should I assume 0 yen, ？ or should I put an appropriate number? ？

Another thing I don't understand is that the tax rate on capital gains over one year seems to be 0% if it is less than $44,000, but should interest on time deposits over one year be included in interest? Thank you again. Thank you again.

• sati2929
• mail
• 2022/05/16 (Mon) 21:29
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Dear SJDummy,

Sorry. It is financial income, not financial assets.
Financial income is about 2 million yen, although I learned about these programs this year and sold them in a hurry.

In addition, I would like to know if you know anything about this.
It seems that I have to file form 8621 if I have a mutual fund, but I have no idea. My accountant told me that mutual funds are complicated and I should get rid of them.
Do I have to submit the form even if I hold it and do not make a profit? ？ Is there an accountant who can help me with this part?

• 痛い
• 2022/07/04 (Mon) 23:32
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taxman, you've done it in so many places that people are complaining about it, and you're aware of it.
Maybe he is playing three roles including the role of questioner,

He must have a lot of time on his hands.

• J
• 2022/06/29 (Wed) 00:18
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Thank you very much for the information!

• こーの字
• 2022/06/29 (Wed) 20:20
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I received a gift card.


The receptionist is located behind the stage at Ala Moana Shopping Center.
When I went in, I just had to show my email and ID like oh, JAL campaign.

JAL's website says it is for use within Ala Moana, but in fact they said it is fine outside of Ala Moana at any place where Amex is accepted, and it can also be used online.

Combined with the exchange ratio and ease of use, I think this is a great exchange.

• こー時
• 2022/06/30 (Thu) 01:39
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Can you receive it instead of mailing it ？?

• こーの字
• 2022/06/30 (Thu) 03:12
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It is explained at the reception desk that only the applicant will receive the application.
There should be no mailing.
Therefore, I think that the reason for this is to encourage people who live in Japan to come to Hawaii
to receive the card on their trip.
On the other hand, the exchange ratio for Hawaiian residents is better than that of Japanese residents. On the contrary, the conditions are good for Hawaii residents.

• Yu
• mail
• 2022/07/04 (Mon) 21:24
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Thanks for the info ！ ！ Glad to hear it ！

• こーの字
• 2022/06/23 (Thu) 21:40
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Past topics for reference.

https://hawaii.vivinavi.com/eb/index/?topic_id=_widg_378495f4f9ef190b2c73edfd0d8c03e76633052210&show=s5

https://hawaii.vivinavi.com/eb/index/?topic_id=_widg_35d32932b242854cd6e82143fa66b2f5844d042205&show=s5

• だるま
• 2022/07/02 (Sat) 20:04
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I took a PCR test at Nomi health 2 days before leaving Japan.
I received the results at 8:30 the next day and attached the test results to Mysos. 4 hours later I received an error message saying that I could not enter the country with this test. I checked the test results and found that it was an antigen test. I hurriedly went to Wellness4Hawaii, the fastest testing company in the world, and took the PCR test again.
They were very kind and helpful.

• ロロころ
• 2022/07/02 (Sat) 03:55
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In my case, it turned blue in about 3 hours.

• ハワイアン
• 2022/07/02 (Sat) 14:56
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I did it last month and I was within an hour.

• SJDummy
• mail
• 2022/07/01 (Fri) 20:18
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The following blog post provides more information on obtaining an ID. It may be of interest to you. You can make an appointment online, but if you go early, you can also apply in line on the same day.

https://www.locohawaii.net/hawaii-state-id/
https://www.honolulu.gov/csd/stateid.html

• あき
• 2022/07/02 (Sat) 01:09
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Dear SJDummy

Thank you for the quick information ！ ！
Very helpful ！ ！

• Alohayuri
• mail
• 2022/06/30 (Thu) 18:12
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I believe Nomi Health at the Waikele outlet is accepting tests on 7/3.

• 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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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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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.