Search found 15 matches

by esotEric
Thu Dec 28, 2023 11:30 am
Forum: Taxes
Topic: Furusato Nozei One Stop Exception
Replies: 6
Views: 14628

Re: Furusato Nozei One Stop Exception

Thanks for the replies. You're probably right about not taking any risks this year by cutting it so close.

Thanks again.
by esotEric
Thu Dec 28, 2023 3:48 am
Forum: Taxes
Topic: Furusato Nozei One Stop Exception
Replies: 6
Views: 14628

Re: Furusato Nozei One Stop Exception

Thanks Adamu, I don't submit any paperwork to the ward office myself. I submit paperwork to my company labeled "Tax Adjustment Forms." So I think your initial assessment was correct. (I mistakenly assumed my company was filing tax returns on my behalf, but it seems like they are doing some...
by esotEric
Wed Dec 27, 2023 7:45 am
Forum: Taxes
Topic: Furusato Nozei One Stop Exception
Replies: 6
Views: 14628

Re: Furusato Nozei One Stop Exception

I don't know if this is relevant, but I used furusato-tax.jp's calculator and plugged in the numbers from my withholding form. I assume the number I was given is accurate?
by esotEric
Wed Dec 27, 2023 7:43 am
Forum: Taxes
Topic: Furusato Nozei One Stop Exception
Replies: 6
Views: 14628

Furusato Nozei One Stop Exception

Hello, I don't have any experience with the hometown tax deduction.* My understanding is that if my company files my taxes (which it does) and I'm only contributing to one or two municipalities, I'd be better off using the "one stop exception" system. Does anyone have any experience with t...
by esotEric
Mon Jan 02, 2023 11:22 am
Forum: RetireJapan for Dummies
Topic: Book recommendations
Replies: 7
Views: 3120

Re: Book recommendations

Not really a book but a booklet, you can download William J. Bernstein's "If You Can" for free here: http://efficientfrontier.com/ef/0adhoc/2books.htm

I also enjoyed John C. Bogle's The Little Book of Common Sense Investing.
by esotEric
Sun Dec 11, 2022 8:49 am
Forum: iDeCo
Topic: iDeCo for Americans and the FBAR
Replies: 17
Views: 5226

Re: iDeCo for Americans and the FBAR

1. My wife is a Japanese national who doesn't work/pay income tax. I file with the IRS as "head of household"; she doesn't have any involvement with US tax filing. My understanding is that she can contribute 23,000 yen/mo (presumably from my earnings). She'll be 60 in 10 years, and we hav...
by esotEric
Sun Dec 11, 2022 6:13 am
Forum: iDeCo
Topic: iDeCo for Americans and the FBAR
Replies: 17
Views: 5226

Re: iDeCo for Americans and the FBAR

I hope it's OK for me to piggyback off of this thread with questions related to the same topic (i.e. Americans and iDeCo). 1. My wife is a Japanese national who doesn't work/pay income tax. I file with the IRS as "head of household"; she doesn't have any involvement with US tax filing. My ...
by esotEric
Fri Feb 04, 2022 5:21 am
Forum: Children/Family
Topic: UTMA/UGMA for US/Japan Dual Citizen Children
Replies: 8
Views: 3544

Re: UTMA/UGMA for US/Japan Dual Citizen Children

Belated thanks to everyone who replied.
by esotEric
Sat Jan 15, 2022 3:05 pm
Forum: Children/Family
Topic: UTMA/UGMA for US/Japan Dual Citizen Children
Replies: 8
Views: 3544

UTMA/UGMA for US/Japan Dual Citizen Children

Does anyone have any experience with UTMA/UGMA for children who have dual citizenship? Japan requires dual citizens to renounce one of their citizenships when they reach adulthood. I'm wondering if I open an account for a child who is currently a dual citizen, if they later give up their citizenship...
by esotEric
Tue Feb 23, 2021 9:06 am
Forum: Small Business/Self-employment
Topic: Resources about starting your business in Japan
Replies: 21
Views: 9493

Re: Resources about starting your business in Japan

Are there any books or online resources that people would recommend on this topic?

I went to my city's international center library. I found only two decades old books which were geared toward foreign companies trying to enter the Japanese market, which is not really what I wanted.