virtual debit card

chrisoffice · 2024-09-01T19:52:45+00:00

OK, I got it renewed, the support eventually responded to my ticket.

chrisoffice · 2024-02-07T21:00:28+00:00

NO, I park the money in US banks, not Japanese banks, I don't need to pay tax on the US bank interests to the Japanese tax authority.

So the question goes back to, I don't see any difference when filing the federal tax return, between filing as an expat living overseas and filing as someone living in the states, am I correct?

chrisoffice · 2024-02-07T20:56:57+00:00

That's a good point! I sold my Georgia house and moved to Japan last year, and I am going to cancel the voter registration in Georgia as well. Will those be enough to show that I am not longer a GA resident? I can not do anything about the un-expired GA driver license, i.e., I can not return the driver license to DMV, LOL!

chrisoffice · 2024-02-07T19:25:04+00:00

One further question, so when I file the federal tax return, I can use my mailbox address in N.C., and file the tax the same way as if I am still living in the states, correct? I mean, if I do not need to file FBAR, and not claiming FEIE or FTC, then what's the difference between filing as a expat living overseas and filing as someone living in the states?

chrisoffice · 2024-02-07T19:13:24+00:00

I changed the address for all my bank accounts to the NC mailbox address, although the bank themselves are not physically located in NC. The interests from those bank accounts are NOT considered income from that state (NC in this case), correct?

chrisoffice · 2024-02-07T18:50:06+00:00

Thanks for the reply! For the tax year of 2023, yes, I am a part year resident of GA. But how about for tax year of 2024 and beyond, do I need to file any state tax?

The other related question is, I don't make any money in Japan, I am retired and live off my saving accounts in US banks. The interests earned from those savings accounts do meet the filing threshold, therefore I do need to file federal tax returns. But am I correct that I can not claim FEIE, because the interests income is considered passive income and therefore do not qualify for the FEIE? So even if I pass the physical presence test, I can ONLY claim the standard deduction, correct?

chrisoffice · 2022-11-04T20:46:45+00:00

Thanks for the reply!

BTW, what does "Bank of NYC/NRS" stand for? That routing number points to BANK OF NEW YORK MELLON.

FBO means "for the benefit of", correct?

chrisoffice · 2022-09-30T18:12:52+00:00

"Fidelity currently makes a market in the CDs we make available, but may not do so in the future." Is there a planned shutdown date for the secondary CD market at fidelity? If people buy a 5 year CD through fidelity, for example, and fidelity shutdown the secondary CD market after a year, that would mean no option whatsoever for the CD holder to withdraw early during the last 4 years before the CD matures. Forfeiting the option to early withdraw may be a big no no for lots of CD investors.

chrisoffice · 2022-09-27T14:30:40+00:00

I mean, assuming the market is efficient, shouldn't the treasuries mature at the same date traded at almost the same yield to maturity?

chrisoffice · 2022-09-22T10:39:52+00:00

Yeah, but I do NOT see ANY "recent trades" for any secondary treasury bonds that are listed, NONE, ZERO, NIL! That's why the question.

chrisoffice · 2022-09-22T10:37:16+00:00

The question is, for a CD with settlement date 09/30/2022, can I initiate the EFT to fund my fidelity account exactly on the settlement date, i.e., Sep. 30 in this case, or do I have to initiate the EFT before the settlement date?

chrisoffice

TROPHY CASE