Britsimon
Super Moderator
Agreed.
Cutoff numbers for March 2014 visa bulletin (contains April Cutoffs)
- Thread starter Britsimon
- Start date
Agreed.
Your opinion may be right.But within these three months(may,june and july) VB must touch around 12k so that nepalese will receive around 3700 visas.If this can happen in reality remaining two months will be fruitful for Asian nations except Nepal and Iran.For this purpose average of 2200 number should increase in coming three months!
dvbibasd
Member
you are absolutely right, it seemed that the line up of 2nd half datum level is satisfactory of this queer dv 014 especially for AS region. the upcoming tri-months must jump the cutoff upto 12k with the increment of more than 2k so that the other regions from AS will gotta chance in a couple of month whatever the cases. If Iran and nepal fill their quotas then the sedimented case numbers from Nepal and Iran and other countries will have a chance and can expect an massive # greater than 5k!!!
Hi Britsimon,
kindly advise what do u think abt our CN AF95XXX DRC, are we going to be called for an interview??
Britsimon
Super Moderator
That number is not sure sure either way - you have a good chance for an interview but it is not certain. All you can do is wait and see what happens. You will find out whether you will get an interview or not about mid July.
OnTheGo
Registered Users (C)
Sure you will be paying full taxes to the US on your non-taxed income in Turkey, given certain circumstances. Britsimon's response is exactly right (See below).
You can also not hide (some of) the non-taxed income in Turkey and only report a 'pro forma' small income in your US tax filing, as they will likely find this out and then you'd be up for penalties starting (!) at $10,000 imposed on you for not filing or incorrect filing.
"Paying your taxes for earned income once you hold LPR status" ---> That might still include the income you already earned in Turkey at this point, so be careful to understand the rules.
btw...nice one with the income tax exemption in Turkey...so your dream of living in the USA certainly must be very strong, given that you are willing to forfeit the opportunity to be income tax exempt for up to $85,000 p.a. ....
Yes, this is what many 'defenders' of the FATCA law conveniently hide (or likely not even know). The real adverse results on real people by this oppressive and ignorant tax regime (there are an estimated 10 Mio overseas based 'US Persons' of which almost all but a handful are NOT what the USA likes to sell FACTA as to their own people (via propaganda mainstream news): 'tax-dodgers'
Haha, no blood pressure raising here...we have well and truly digested this topic (yet not fully flushed down yet).
Yes, it is an IMPORTANT topic to us, and yes...as Susie tends to reiterate: Most people in desperate circumstances would of course grab hold of any better perspective, i.e. a new life somewhere - understandably. When people make posts about the oppressive tax regime of the USA, then that is a completely separate thing to that, and vice versa. So far, I have not seen anyone responding to a post where someone stated how dangerous life was in their home country, by saying they should be careful in coming to the US because they have a CBT tax system.
As for us, we've been on the fence for months as to whether or not we will in fact be going ahead with our GC application.
We have been leaning towards either side many times...but the more we research and learn, the less we seem to fancy a permanent move to the US, actually.
We are not in our 20's anymore ... just like Britsimon I believe. We have bank accounts, assets and pension entitlements from two different countries. I cannot say and don't want to predict as to whether or not we will be (wanting to) live in the US forever, once we'd move there. This is, as we seem to have adopted a 'global citizen' (or 'international expat') way of thinking.
What we don't like is the fact, that as soon as we activated our newly gained US LPR status, there would be immediate repercussions. We would likely be 'motivated' to close various bank accounts and sell assets beforehand in order to prevent certain tax events. We would see one or the other account be closed by the banks themselves, as is happening to millions of US persons around the world at this very moment - thanks to fascist FATCA laws.
So add to that the ridiculously inefficient, badly handled and profit oriented health care system (making cover under the 'Affordable' Care act even less affordable than before O-care, i.e. $1,000+ per month with $6k to $10k annual deductibles the norm), and other things we learned in our research, we might be stupid actually to be moving to the US permanently.
Don't get me wrong, there are STILL plenty of things that do actually EXCITE me about the prospect of living in the "land of the free" (lol, even that sounds ironic these days, haha) ...
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Britsimon
Super Moderator
Comprehensive post OTG.
I have explained to the OP by PM that I have done the sort of things you mention in terms of liquidating assets that would be taxed differently or would present compexities in terms of perceived profits etc.
One such thing was our ISA accounts in the UK. We can invest around $16k per year, per person into a tax free savings scheme (which can then be invested in various ways). The annual ISA allowance is a use it or lose it thing - and we have been using our allowance for several years, building a healthy tax free profit (similar to a pension, but with less rules about when we withdraw the money). However, the tax benefit we have in the UK would not have applied i the USA - even though we had the tax exemption in one country (similar to the Turkish programmer deal). So - we cashed those in in December - and we can not get back those annual allowances.
I have explained to the OP by PM that I have done the sort of things you mention in terms of liquidating assets that would be taxed differently or would present compexities in terms of perceived profits etc.
One such thing was our ISA accounts in the UK. We can invest around $16k per year, per person into a tax free savings scheme (which can then be invested in various ways). The annual ISA allowance is a use it or lose it thing - and we have been using our allowance for several years, building a healthy tax free profit (similar to a pension, but with less rules about when we withdraw the money). However, the tax benefit we have in the UK would not have applied i the USA - even though we had the tax exemption in one country (similar to the Turkish programmer deal). So - we cashed those in in December - and we can not get back those annual allowances.
franko
Well-Known Member
Simon you seem to have researched the topic extensively so I have a quick question.
When/if ever I move to the US I'm planning to leave only one asset which would be my crib. Simply switch mortgage to "buy to let" (I think that is the requirement???) and rent the house. Not planning to make any dosh on it but just want keep adding equity and pay it off in the future.
How does that look like since it won't be real income (I will be paying debt, same model as Starbucks and Amazon use to evade taxes in the UK by claiming thy they make losses and pay off debt). Except from reporting it to the tax man will I have to pay anything on that?
Also if it's possible I would like to keep paying money into my pension fund? The Yankee bastards would want a piece of that too ???
Excuse my ignorance but wth my CN I'm far from getting excited about future taxes I might have to pay
Britsimon
Super Moderator
Simon you seem to have researched the topic extensively so I have a quick question.
When/if ever I move to the US I'm planning to leave only one asset which would be my crib. Simply switch mortgage to "buy to let" (I think that is the requirement???) and rent the house. Not planning to make any dosh on it but just want keep adding equity and pay it off in the future.
How does that look like since it won't be real income (I will be paying debt, same model as Starbucks and Amazon use to evade taxes in the UK by claiming thy they make losses and pay off debt). Except from reporting it to the tax man will I have to pay anything on that?
Also if it's possible I would like to keep paying money into my pension fund? The Yankee bastards would want a piece of that too ???
Excuse my ignorance but wth my CN I'm far from getting excited about future taxes I might have to pay
Well that is a bit more complex than you might think.
First of all to rent your house out you should register as a "Non resident landlord". If you rent through an agency they are supposed to deduct basic rent tax from the rent (which is bullsh$t) because you should be able to offset interest payments prior to working out profit.
Then you have to get your head around the effect of currency exchange rates as it impacts your US tax position. If you have an interest only mortgage it is not too bad, but if you have a capital and interest (repayment) mortgage then you will be paying of some capital each month. Each time you pay capital off your mortgage the US tax man expects you to account for any exchange rate gain you might have "enjoyed" based on when you bought the house or the point at which you last remortgaged. So you compare the the exchange rate at that time with the exchange rate now and you *might* have made a gain in currency terms - on which you pay tax. In practice, doing that monthly is too complex so an accountant would probably take an annualised position on that.
By the way, you will keep your personal allowance in the UK, so you can earn some UK rental income without paying UK tax.
Pensions are recognized US/UK. So, assuming you don't have some oddball scheme yo ca keep your UK pension account and keep adding to it without any US taxman hassle. However, it is likely to be less tax advantageous to add to it in the UK than to freeze it and start a US scheme.
It is a complex subject though and just by keeping the one asset in the UK you are making it a lot more complex (read costly) from a US tax POV. However, I have decided to bit that bullet, because property prices in the UK are rising now and I want that 8-10%pa gain for a few years.
Oooh - by the way - the primary main residence UK tax thing lasts 3 years after you leave - so there is a good time window to sell the UK asset - keep it longer than 3 years and you begin to get UK CGT liabilities on the profit.
franko
Well-Known Member
Cheers Bud. Comprehensive answer as always. I think by the end of your time in this forum we should build you a statue or start a charity under your name
I can see that you have given it more than few minutes of your time
Now I know what I may have to deal with. After reading your post, selling seems to be not a bad option but I have a bit of On The Go syndrome and would like to keep my options opened - meaning return to the socialist paradise as some of my republican mates call UK So even if I would be close to break even each year I would consider renting out our pad.
I hope I will have a chance to tackle this problem early next year.
I can see that you have given it more than few minutes of your time
Now I know what I may have to deal with. After reading your post, selling seems to be not a bad option but I have a bit of On The Go syndrome and would like to keep my options opened - meaning return to the socialist paradise as some of my republican mates call UK
So even if I would be close to break even each year I would consider renting out our pad.I hope I will have a chance to tackle this problem early next year.
vladek15425
Well-Known Member
Britsimon
Super Moderator
Cool - the emails are coming people - nice and quick too!
Yay
What that mean? ))))))
MalcomX
Active Member
congratulation, we can notice that your signature has been already updated, good work...
received my 2NL this morning.
15/04/2014