US government stimulus check
Moderator: Mark T Serbinski CA CPA
Re: US government stimulus check
You need to file in US for 2019. DO that, and you will get the check.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing
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Re: US government stimulus check
nelsona wrote:
> You need to file in US for 2019. DO that, and you will get the check.
Thank you
> You need to file in US for 2019. DO that, and you will get the check.
Thank you
Re: US government stimulus check
It seems that the IRS's "Get My Payment" tool https://www.irs.gov/coronavirus/get-my-payment doesn't work for foreign addresses. This would be consistent with other IRS tools as described here https://www.irs.gov/individuals/taxpaye ... mataddress
It's TBD whether the IRS will actually mail checks to foreign addresses.
It's TBD whether the IRS will actually mail checks to foreign addresses.
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Re: US government stimulus check
I'm definitely seeing reports of expats receiving the money this week, but obviously those with direct deposit to a US account already set up.
Re: US government stimulus check
According to Democrats Abroad Taxation blog, the Get My Payment tool requires a 5 digit US zip code, despite a misleading message that implies non-US postal codes are accepted. Non US codes are not accepted, neither is leaving the field empty, so for those of us who file with our non-US address, there is no way to use this tool to register a bank account.
My 2019 return did include US bank details, but that was for paying taxes owed, not getting a refund. According to other sources, the IRS will not use the bank account provided for withdrawing a payment, as the one to receive a stimulus payment. Taxpayers only get the stimulus payment automatically in their bank account if their most recent return resulted in a refund to a US bank account.
My 2019 return did include US bank details, but that was for paying taxes owed, not getting a refund. According to other sources, the IRS will not use the bank account provided for withdrawing a payment, as the one to receive a stimulus payment. Taxpayers only get the stimulus payment automatically in their bank account if their most recent return resulted in a refund to a US bank account.
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Re: US government stimulus check
An entirely predictable ******-show with no actual thought given to non-resident US taxpayers, in other words. Some will get money by direct deposit (or already have); some may receive a check in the mail months down the road; others will get nothing.
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Re: US government stimulus check
To wit, reports emerging of former foreign students who left the US - so neither citizens nor residents - discovering $1200 in the bank accounts they left behind, presumably due to having filed 2018 returns. What a pleasant surprise. Well done, US government!
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Re: US government stimulus check
I know the stimulus check is not taxable in the US. Would it be taxable in Canada?
Re: US government stimulus check
Bubba Gums wrote:
> I know the stimulus check is not taxable in the US. Would it be taxable in
> Canada?
Seeing how Canada taxes on worldwide income, I would say technically, yes. However, I believe it's going to be up to the taxpayer to be honest about it as there won't be a paper trail on the Canadian side.
> I know the stimulus check is not taxable in the US. Would it be taxable in
> Canada?
Seeing how Canada taxes on worldwide income, I would say technically, yes. However, I believe it's going to be up to the taxpayer to be honest about it as there won't be a paper trail on the Canadian side.
Re: US government stimulus check
Grad467_2 wrote:
> Good afternoon one and all. Came across this forum after doing a number of
> searches while getting information to file both my US and Canadian tax
> return for 2019 and I am extremely happy to have found it since it's been
> very helpful answering many of my Google questions. I just noticed this
> thread and I was wondering if I will be receiving a stimulus check? My
> details are below and thank you for any feedback, advice, etc:
>
> - I started working in the US in 2019 (4 months total) as a Canadian
> commuter under the TN visa program
> - I have a SSN but it is for work purposes only (stated on the card)
> - I have an account open in the US (credit union)
> - The last tax return I filed in the US was for tax year 2016 (I ended up
> taking a position in Canada for partial 2016, 2017, 2018 and partial 2019).
>
> Will I be getting a check? Any recommendations?
Check out the FAQ here: https://www.irs.gov/coronavirus/get-my- ... -questions
Since you have not filed for 2018 or 2019, probably not. Get the 2019 return filed and I think that should change.
> Good afternoon one and all. Came across this forum after doing a number of
> searches while getting information to file both my US and Canadian tax
> return for 2019 and I am extremely happy to have found it since it's been
> very helpful answering many of my Google questions. I just noticed this
> thread and I was wondering if I will be receiving a stimulus check? My
> details are below and thank you for any feedback, advice, etc:
>
> - I started working in the US in 2019 (4 months total) as a Canadian
> commuter under the TN visa program
> - I have a SSN but it is for work purposes only (stated on the card)
> - I have an account open in the US (credit union)
> - The last tax return I filed in the US was for tax year 2016 (I ended up
> taking a position in Canada for partial 2016, 2017, 2018 and partial 2019).
>
> Will I be getting a check? Any recommendations?
Check out the FAQ here: https://www.irs.gov/coronavirus/get-my- ... -questions
Since you have not filed for 2018 or 2019, probably not. Get the 2019 return filed and I think that should change.
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Re: US government stimulus check
Bubba Gums wrote:
> I know the stimulus check is not taxable in the US. Would it be taxable in
> Canada?
It's a tax credit, which is not income.
If you call it income and declare it, CRA will be happy to cash the cheque for taxes owed. If you don't call it income and don't declare it, CRA won't notice.
On a similar note, I wonder if anyone living in Canada who collects the child tax credit for US-citizen kids pays Canadian tax on that money.
> I know the stimulus check is not taxable in the US. Would it be taxable in
> Canada?
It's a tax credit, which is not income.
If you call it income and declare it, CRA will be happy to cash the cheque for taxes owed. If you don't call it income and don't declare it, CRA won't notice.
On a similar note, I wonder if anyone living in Canada who collects the child tax credit for US-citizen kids pays Canadian tax on that money.
Re: US government stimulus check
Ron.Henderson wrote:
> It's a tax credit, which is not income.
Tax credit against US taxes, not Canadian.
> If you call it income and declare it, CRA will be happy to cash the cheque for taxes
> owed. If you don't call it income and don't declare it, CRA won't notice.
You're the kind who likes to take payments under table to avoid claiming income and filing HST, right? I'll be happy to be told I'm wrong, but not by you.
> It's a tax credit, which is not income.
Tax credit against US taxes, not Canadian.
> If you call it income and declare it, CRA will be happy to cash the cheque for taxes
> owed. If you don't call it income and don't declare it, CRA won't notice.
You're the kind who likes to take payments under table to avoid claiming income and filing HST, right? I'll be happy to be told I'm wrong, but not by you.
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Re: US government stimulus check
Actually no. My point is simply that not every amount of money received is somehow automatically considered taxable income. It's a bit of a stretch to call one country's tax credit another country's taxable income. Though the argument is completely moot since, as you said, there's no paper trail.
Re: US government stimulus check
Bubba, the way the child tax credit works, it is a reduction in US tax, thus it reduces your foreign tax credit, as Canada views it.
The stimulus, at least how in worked the last time, was structured such that it did not reduce your tax on your 1040 (unless you had not received it). There will be a separate form on which you will state you got your check, and your tax return will look the same as 2019.
If you don't get the check, they treat the stimulus like a tax payment (like extra withholding) thus not reducing your tax bill. The reason they do this, is so that states -- which give a deduction for fed income tax -- don't reduce the deduction by the stimulus amount, and effectively tax the stimulus.
The stimulus, at least how in worked the last time, was structured such that it did not reduce your tax on your 1040 (unless you had not received it). There will be a separate form on which you will state you got your check, and your tax return will look the same as 2019.
If you don't get the check, they treat the stimulus like a tax payment (like extra withholding) thus not reducing your tax bill. The reason they do this, is so that states -- which give a deduction for fed income tax -- don't reduce the deduction by the stimulus amount, and effectively tax the stimulus.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing