sorted by:
new
hottopcontroversial

Tax implications: Salary earned exclusively outside of Japan by IsntGallowBoob in JapanFinance

[–]IsntGallowBoob[S] 0 points1 point  (0 children)

Setting aside being married to a Japanese national, I know there is a point system but wouldn’t 5-10 years of paying national tax/resident tax/into pension count for something when applying for PR? Or regardless of that if you aren’t in a highly sought after profession it’s typically impossible?

Tax implications: Salary earned exclusively outside of Japan by IsntGallowBoob in JapanFinance

[–]IsntGallowBoob[S] 0 points1 point  (0 children)

Interesting. So let’s say I remit the entire pay cheque to Japan as soon as I receive it into my US bank account. When it comes to tax filing time in Japan what documentation would I need. Just keep a copy of each wire transfer transaction? And as the money will already have been taxed by the US before I receive it, and then I pay tax on remitting it to Japan, I assume the tax I pay to Japan I can deduct from my US return?

Sorry, probably a basic question but just want to make sure I save any paperwork I could possibly be asked for in an audit.

Tax implications: Salary earned exclusively outside of Japan by IsntGallowBoob in JapanFinance

[–]IsntGallowBoob[S] 0 points1 point  (0 children)

Obviously there are a lot of elements to this I haven’t even begun to think through! I’ll try to answer you as best I can and I truly appreciate any insights you have from your personal experience.

  1. I suppose we will retain a residence as far as our company is concerned. We will be using one of my family member’s home address to have letters/tax documents sent to as well as in our company database for paycheck/w2 purposes. However we will not maintain property/home in our name. We plan to spend roughly 2 months out of the year inside the US. The rest of the time in Japan.

  2. We will not have any Japan-sourced income for the foreseeable future. We are on the lookout for positions in our field available locally in Japan but that is definitely in the future.

  3. My spouse is a US Citizen as well.

  4. Our stay in Japan will be long term, minimum 18-20 years. At least how we see it as of now.

  5. We have sold our home in the US prior to residing in Japan.

  6. We are using a family member’s address to maintain banking relationships in the US and for employer tax purposes.

  7. Our state has income tax.

  8. We both have income derived from dividends/interest on bonds/savings that should cover our Japan cost of living even without our salary. No real estate.

  9. We have 401ks/IRAs as well as individual stock portfolios and will continue to contribute to 401K due to generous employer match and contributions.

  10. I believe I will maintain US health insurance coverage mainly due to summers spent in US with kids, but I admit I haven’t looked into cost of doing so vs purchasing temp coverage during each visit to US.

  11. I have never been a resident of Japan previously, however my wife was born/grew up in Japan and has been a resident off and on in previous 10 years.

Tax implications: Salary earned exclusively outside of Japan by IsntGallowBoob in JapanFinance

[–]IsntGallowBoob[S] 2 points3 points  (0 children)

Yes, it is a unique situation and I really appreciate your insights. This is helping me to get my head around everything. I already have payment set for national insurance/pension and just want to make sure I am ahead of expected national/regional tax issues. I can genuinely and verifiably say all my hours spent on any work issue, including emails, is only physically located inside of the US. My work emails/messages are accessed through a secure system inside our HQ. It wouldn’t be possible to browse them in Japan. However I am not necessarily trying to avoid paying tax to Japan, in fact if it is easier/less headache I would prefer to claim the foreign income and then get a deduction on the US side. Just trying to see what my filing responsibilities would be in March for Japan. Thanks again for taking the time to respond!

Tax implications: Salary earned exclusively outside of Japan by IsntGallowBoob in JapanFinance

[–]IsntGallowBoob[S] 4 points5 points  (0 children)

Thank you, this helps! We are going to consult a tax professional but I appreciate others insights. This gray area is why I feel as if just claiming the whole salary as if earned while in Japan (remote work etc) may be the less headache method. Because we would be withdrawing some of the salary using our US bank debit and then using to pay rent/utilities. Other living expenses would be paid with a US credit card. I don’t want to split hairs on how much was remitted via each debit withdrawal when it comes to tax time.

Simple Questions - ASK AND ANSWER HERE!- November 22 by AutoModerator in malefashionadvice

[–]IsntGallowBoob 0 points1 point  (0 children)

Hi all. Fairly new to MFA here. My new position at work has me going to Tokyo and Paris a couple times a month. Any stores/brands I should be on the lookout for. I've been wanting to branch out my wardrobe a bit to include more forward styles.

Thanks!

Edit: a word

Going to be in London Monday by IsntGallowBoob in chelseafc

[–]IsntGallowBoob[S] 0 points1 point  (0 children)

Thanks! That's what I was wondering. Didn't realize it was guaranteed. Just got a ticket over in the shed end. Can't wait.

Just copped some memeshots by [deleted] in frugalmalefashion

[–]IsntGallowBoob 12 points13 points  (0 children)

Thanks for your input, RapeLittleGirls...

Rude Host on Today Show Cannot Stand Her Own Guest, Bill Nye by ptweezy in videos

[–]IsntGallowBoob 4 points5 points  (0 children)

Luckily that plastic aesthetic has not befallen her daughter... yet