pk
Level 15
Level 15

Retirement tax questions

@ElfinAcorn , given that your NRA spouse does not wish to be taxed by the USA, 

(a)  you will have to file as MFS  ( Married Filing  Separate )  return on your world income --- this  however may mean that  you have to file  by mail -- you will need to prepare the return using "dummy" tax ID for  your wife  ( such as  123-45-5000 ),   select to file by mail, print, sign , date the return and replace  the dummy SSN with   "N R A"

(b)  you can use  itemized  or standard deduction, whichever works best for you 

(c)  TurboTax  downloaded ,  Windows, Home & Business is my pref. for such returns.

(d)   From "personal income" tab, you choose  -->  No W-2;    select "I will choose what I work on" and from the drop down list of income categories  choose  Foreign Earned Income & Exclusion.  This will walk you through filling out form 2555  to exclude your UK income up to the max allowed  -- this changes every year based on   inflation.  Any unexcluded  income  and foreign tax on that ( allocated ) is eligible for  Foreign Tax Credit / deduction. -- this is  under  " Credits and Deductions " tab and from a list of  items .

 

There are of course many ands/ifs/buts  to this simplified response.  We, volunteers , help users  with questions and issues at no cost.  It is a public board  and , if need be. you can also PM one of us  and we will be  very happy to solve your issues.  There are also , "for pay"  help available, including preparation of the return.

Personally, and looking at your situation as articulated in your post, you should have no problem preparing and filing a return ( with or without our help).

 

You being abroad  on the  normal filing day , your filing day is  June 15th.  However, any payment is still due by April 15th.

Also note that  because you have foreign bank accounts(s), you do come under  FBAR and FATCA regs.

 

Any extension ( to file ) request  is  made by the tax payer directly and on line.

 

Is there more I can do for you ?

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