Search found 12 matches
- Mon Jun 03, 2024 9:02 pm
- Forum: Taxes
- Topic: Currency Conversion to Yen for Japanese Taxes
- Replies: 8
- Views: 1222
Re: Currency Conversion to Yen for Japanese Taxes
Thank you. This other site info could be helpful, as well. All I know is the years -- not specific dates within those years. Since I only have year-end financial statements dated 12/31 that show the yearly totals, I supposed another approach would be to treat the transactions as carried out on 12/31...
- Mon Jun 03, 2024 6:22 am
- Forum: Taxes
- Topic: Currency Conversion to Yen for Japanese Taxes
- Replies: 8
- Views: 1222
Re: Currency Conversion to Yen for Japanese Taxes
Follow-up I just compared the Mitsubishi UFJ annual midrange rates and the US Fed yearly exchange rates for 2020 through 2023 (links given above), and I found their annual rates were essentially the same: 2020 2021 2022 2023 106.82 109.80 131.43 140.56 Mitsubishi UFJ 106.78 109.84 131.46 140.50 US ...
- Mon Jun 03, 2024 6:08 am
- Forum: Taxes
- Topic: Currency Conversion to Yen for Japanese Taxes
- Replies: 8
- Views: 1222
Re: Currency Conversion to Yen for Japanese Taxes
Thanks both of you. This gives me something to go on.
Incidentally, that Mitsubishi UFJ site is the one I've been using for daily TTM rates, but I'd never paid attention to the average 平均 tab before.
Incidentally, that Mitsubishi UFJ site is the one I've been using for daily TTM rates, but I'd never paid attention to the average 平均 tab before.
- Sun Jun 02, 2024 10:18 pm
- Forum: Taxes
- Topic: Currency Conversion to Yen for Japanese Taxes
- Replies: 8
- Views: 1222
Currency Conversion to Yen for Japanese Taxes
I'm aware of Japanese Tax Law Article 57-3 《Conversion of Foreign Currency Transactions》 https://www.nta.go.jp/law/tsutatsu/kihon/shotoku/11a/01.htm , and of the need to use daily TTM rates for converting things to JPY. However, for transactions from many years past for which I now have no way of kn...
- Thu May 16, 2024 2:39 am
- Forum: Taxes
- Topic: Traditional IRA and Japanese Taxation
- Replies: 0
- Views: 857
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 ...
- Sat May 11, 2024 4:44 am
- Forum: Taxes
- Topic: Summary of taxation rights under Japan's tax treaties
- Replies: 2
- Views: 550
Re: Summary of taxation rights under Japan's tax treaties
You made my day!
Thank you for posting this link.
Thank you for posting this link.
- 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: 4751
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...
- 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: 4751
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...
- 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: 4751
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...
- 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: 4751
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...