If I am 83, retired, living in Enland, have social security checks from employment here in the states years ago, why do I have to file a 1040 and pay income tax on my pension? Didn't I pay for this the first time around?
2006-11-17 06:56:24 · 5 answers · asked by worldstiti 7 in Business & Finance ➔ Personal Finance
It is federal law to pay income tax on any source of income you receive.
The relevance of this question should be brought to the attention of the IRS for further clarification in case there are specific details that you receive.
If I were you I would contact them immediately to avoid any chance of "tax evasion" penalties if they are applicable.
Check out this website for further details:http://search.irs.gov/web/query.html?st=11&charset=utf-8&mp=teses+and+pension&col=allirs&inthe=604801&rq=1&qs=-Wct%3A%22Internal+Revenue+Manual%22&qt=pension+income+tax&oq=teses+and+pension&cqp=&fcol=&chkbox0=0&chkbox1=0&chkbox2=0&chkbox3=0&chkbox4=0&chkbox5=0&chkbox6=0&chkbox7=0&chkbox8=0&chkbox9=0&chkbox10=0&chkbox11=0&chkbox12=0&chkbox13=0&chkbox14=0&ff=0&rq=1
Hope this helps.
God Bless you!
2006-11-17 07:03:52 · answer #1 · answered by ye 4 · 0⤊ 0⤋
A 1040 Form Is A Capital Gains And Loss Form. You Might Have Not Payed At The Time That You Were Required To Pay .
2006-11-17 09:10:05 · answer #2 · answered by dorothy u 2 · 0⤊ 0⤋
Actually, you only have to pay tax on your social security if your income is above a certain level. Adjust gross plus manciple bond income at $32000 if married or $25000 if single. You have to understand. The government is hemorrhaging money, and somebody has to make up for the tax cuts the rich received. You were selected.
2006-11-17 08:51:54 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Bobobrown is right, you still receiving money and thats income and you have to pay income tax, simple. The only promblem is that you were working under another government and now you are living in another country/government which makes it a little bit tricky.
2006-11-17 07:07:06 · answer #4 · answered by Anonymous · 0⤊ 0⤋
are you a citizen of the US? if not I would guess you would be under the british tax system for income? you never get away from the tax man!!! death and taxes yu know?
2006-11-17 07:00:48 · answer #5 · answered by Anonymous · 0⤊ 0⤋