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Where Taxpayers and Advisers Meet

Search found 112 matches

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by Brightonian
Fri Mar 02, 2018 10:46 am
Forum: HMRC Administration, Practices & Methods
Topic: Debt collection
Replies: 5
Views: 17209

Debt collection

My client is having financial problems and was unable to pay the income tax due on 31 January. The amount is £17,000. I suggested that he call HMRC himself before 28 February in hope that he could make a 'time to pay' arrangement and avoid a 5% penalty but they told him that it had already been pass...
by Brightonian
Mon Dec 18, 2017 10:10 am
Forum: International Tax
Topic: 401k
Replies: 7
Views: 1173

Re: 401k

Thank you so much for your help, David. Merry Christmas!
by Brightonian
Fri Dec 15, 2017 4:52 pm
Forum: International Tax
Topic: 401k
Replies: 7
Views: 1173

Re: 401k

I am not sure I understand. If I show these as pension payments on his UK tax return, do I have to do anything else? I am not responsible for any US liability although I will mention the point you raise. I assume you mean that the IRS could tax the payments too?
by Brightonian
Thu Dec 14, 2017 10:09 pm
Forum: International Tax
Topic: 401k
Replies: 7
Views: 1173

Re: 401k

Thank you, David. It looks as though I should just show them on the foreign pages with the 10% arising deduction in that case? I've never asked him if he has had a green card but he did work in the US for quite a few years.
by Brightonian
Thu Dec 14, 2017 5:25 pm
Forum: International Tax
Topic: 401k
Replies: 7
Views: 1173

401k

My client is an Irish citizen but UK resident for many years. He once worked in the US and is now 65. He had a 401k plan and he is now making quarterly withdrawals. He chose quarterly payments rather than a single lump sum, as the latter would have been taxed in the US. It seems that the quarterly p...
by Brightonian
Thu Nov 30, 2017 6:01 pm
Forum: Property Taxation
Topic: Deduction?
Replies: 2
Views: 749

Re: Deduction?

Thank you.
by Brightonian
Tue Nov 28, 2017 4:21 pm
Forum: Property Taxation
Topic: Deduction?
Replies: 2
Views: 749

Deduction?

I am preparing a property rental account. The property needed a new kitchen and the landlord's mother was replacing her kitchen, so offered him the old one for free. He had to transport it to the rental property and hired a van. Unfortunately, he reversed into the front of the property and incurred ...
by Brightonian
Mon Jul 17, 2017 9:01 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Complex estate?
Replies: 3
Views: 1709

Re: Complex estate?

Thank you both. I will contact them and see if they will issue a UTR. I thought they weren't doing this pending introduction of their new system but perhaps I have misunderstood. I rarely deal with estates.
by Brightonian
Mon Jul 17, 2017 8:58 pm
Forum: International Tax
Topic: Gardening leave
Replies: 6
Views: 1753

Re: Gardening leave

Thank you.
by Brightonian
Mon Jul 17, 2017 5:15 pm
Forum: International Tax
Topic: Gardening leave
Replies: 6
Views: 1753

Re: Gardening leave

Thank you, again, Maths. For the 90 days he was physically present in UK, I feel that is UK duties, although no work was done. From the date he left until the end of gardening leave, he shouldn't be taxed in UK, I don't believe. I must say I find the new simplified rules hard to get my head around! ...

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