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Topic: Married in 2015, USC non-earner living in UK  (Read 2580 times)

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Re: Married in 2015, USC non-earner living in UK
« Reply #15 on: February 23, 2016, 02:31:03 PM »
I'm sure I'll be back here with more questions, as my wife hasn't heard of TaxAct (I presume we start here: https://www.taxact.com/ !) and I haven't.

Regarding the joint accounts, it is difficult to keep the finances completely separate. We use that for things like holiday money and whatnot; it's a tricky line to walk because on the one hand, keeping the finances separate might be smart for tax purposes, but for visa purposes we like them to be mixed up a bit! I think we're probably best trying to keep a nominal amount in the accounts, such that they don't exceed, e.g. £4000 in total at any point, so we're below the reporting threshold. Is this smart to try to balance the two competing requirements?

Goodness, so many complicated things to figure out - I wish I had more experience with tax stuff so I didn't feel so lost with it all. We just want to make sure that we're doing the right thing by both the US and the UK governments in terms of tax and visa things! Thanks so much for everyone's help.


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Re: Married in 2015, USC non-earner living in UK
« Reply #16 on: February 23, 2016, 03:48:39 PM »
I'm sure I'll be back here with more questions, as my wife hasn't heard of TaxAct (I presume we start here: https://www.taxact.com/ !) and I haven't.

Regarding the joint accounts, it is difficult to keep the finances completely separate. We use that for things like holiday money and whatnot; it's a tricky line to walk because on the one hand, keeping the finances separate might be smart for tax purposes, but for visa purposes we like them to be mixed up a bit! I think we're probably best trying to keep a nominal amount in the accounts, such that they don't exceed, e.g. £4000 in total at any point, so we're below the reporting threshold. Is this smart to try to balance the two competing requirements?

Goodness, so many complicated things to figure out - I wish I had more experience with tax stuff so I didn't feel so lost with it all. We just want to make sure that we're doing the right thing by both the US and the UK governments in terms of tax and visa things! Thanks so much for everyone's help.

This sounds sensible if you keep it to a simple bank account. Your spouse should not own things that contain pooled investments like investments trusts outside of a UK pension wrapper.


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Re: Married in 2015, USC non-earner living in UK
« Reply #17 on: April 10, 2016, 09:56:52 AM »
Hi folks,

Thanks for everyone's help. We've finally got around to completing the form using TaxAct, and although it wouldn't let us e-file (no income!), it did let us print something out to post off to the IRS in Texas, so we'll do that tomorrow and we should be all square with our $0 tax filing, at KFdancer's recommendation!

Thanks again. A round of drinks on us :)

- Mr. and Mrs. Biscuits


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