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  #141  
Old 07.03.2021, 17:46
veloguy
 
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Re: US Coronavirus Stimulus Checks [Cheques]

I'm not an expert or an accountant, but I believe that you are correct: for persons that have no income or an income below a certain threshold per year, they are not required to file. However, they may wish to file because it is advantageous to them. Receiving a stimulus check may be such a reason to file.

You might want to start googling your situation... as an expat student... to try to figure it out. If you can't figure it out for yourself, you might want to contact an expat tax specialist.
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  #142  
Old 07.03.2021, 20:08
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Re: US Coronavirus Stimulus Checks [Cheques]

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I'm not an expert or an accountant, but I believe that you are correct: for persons that have no income or an income below a certain threshold per year, they are not required to file. However, they may wish to file because it is advantageous to them. Receiving a stimulus check may be such a reason to file.

You might want to start googling your situation... as an expat student... to try to figure it out. If you can't figure it out for yourself, you might want to contact an expat tax specialist.



Thanks again for the help ! You are probably right that I should find a proper specialist for this sort of issue since I am having trouble finding much information about my specific situation. At the very least it seems like filing a 2020 tax return will be the bare minimum for me to have a chance to receive any stimulus money.
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  #143  
Old 08.03.2021, 00:07
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Re: US Coronavirus Stimulus Checks [Cheques]

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I'm not an expert or an accountant, but I believe that you are correct: for persons that have no income or an income below a certain threshold per year, they are not required to file.
Incorrect. American tax forms have to be filed each year if you are an ‘American Person’; however, it is probable that in this case no income tax will be owed.
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  #144  
Old 08.03.2021, 18:19
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Re: US Coronavirus Stimulus Checks [Cheques]

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Hi all,

I'm a single and childless US citizen living in Switzerland since 2016. I haven't filed my US tax returns since 2016 and I didn't receive the first 2 stimulus payments. I only submit my FBAR each year.

I tried looking up some information and it sounds like I actually could be eligible for those 2 payments and the third one which just passed, but I'm not sure what steps I need to take. I still have a US bank account so I'm sure I can have direct deposit set up for the delivery of the money.

Do I just have to file a 2020 1040 and I'll be good to go? Does the fact that I haven't filed for ~4-5 years make any difference?

BTW my income here in Switzerland is definitely low enough to get the full payment.
A friend sent me a link to a video from Democrats Abroad about the payments. I'll try to find it again. My understanding of it is that if you wish to get the payments, you need to first "normalize" your tax situation under the streamlined procedure. That means filing three years of back taxes (2017, 2018, 2019) and also 2020. It's on the 2020 return that you'd claim the stimulus payments as credits. Having a U.S. bank account will make it far easier.

According to the 1040 instructions for year 2020, as a single person you only need income of $12,200 and then you're required to file. Under that you're not required but it's a good idea to file anyway. If you don't file, the government can and sometimes does create a return for you based on prior years. Then you might wind up with an ugly surprise bill for back taxes.

Edit - The video said that if you didn't go on the IRS website last year and get things sorted, there's no way to update address, etc. now. You have to file a 2020 return and claim the credit.
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  #145  
Old 09.03.2021, 09:06
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Re: US Coronavirus Stimulus Checks [Cheques]

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Incorrect. American tax forms have to be filed each year if you are an ‘American Person’; however, it is probable that in this case no income tax will be owed.
Sorry Tox, but I think you made a mistake or you didn't fully explain why you think ALL Americans MUST file. That's not true.

If you're an "American person" as you say and you made $0 income or you're below a threshold for a particular year you are NOT required to file taxes. It also depends on your filing status and age as well as a host of other things such as on whether you're self employed, you're a dependent, etc.....

Now there are exceptions... and being an expat might be one of those... like I said, I'm not an expert. That's why the OP should ask an expert and not solely listen to a forum.
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  #146  
Old 09.03.2021, 12:29
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Re: US Coronavirus Stimulus Checks [Cheques]

Does a stimulus check have to be declared in the Swiss tax?
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  #147  
Old 09.03.2021, 14:33
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Re: US Coronavirus Stimulus Checks [Cheques]

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Does a stimulus check have to be declared in the Swiss tax?
Well, the check goes into your bank account so it would get included in the wealth tax.

As for income tax... that's a good question. I'm not sure.

At least for US taxes, I don't believe that it's taxable. It's seen as a tax credit.
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  #148  
Old 10.03.2021, 18:24
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Re: US Coronavirus Stimulus Checks [Cheques]

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Does a stimulus check have to be declared in the Swiss tax?
Can now answer my own question.
Yes!
Stimus checks must be declared as income on the Swiss tax form.
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  #149  
Old 10.03.2021, 20:24
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Re: US Coronavirus Stimulus Checks [Cheques]

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Can now answer my own question.
Yes!
Stimus checks must be declared as income on the Swiss tax form.
source, please?
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  #150  
Old 11.03.2021, 10:54
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Re: US Coronavirus Stimulus Checks [Cheques]

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source, please?
Steueramt Kanton Zürich.
https://www.zh.ch/de/steuern-finanze...n-stellen.html
They said it must be declared.
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  #151  
Old 16.03.2021, 09:55
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Re: US Coronavirus Stimulus Checks [Cheques]

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Steueramt Kanton Zürich.
https://www.zh.ch/de/steuern-finanze...n-stellen.html
They said it must be declared.
I'm not seeing this on the link you posted...
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  #152  
Old 23.03.2021, 08:59
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Re: US Coronavirus Stimulus Checks [Cheques]

FYI....it is likely possible to see now when IRS is sending you the check or if you are eligible. Apparently, March 26th for me

(even though I sent my tax return a month ago, they still have not been able to enter my direct banking data)
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  #153  
Old 23.03.2021, 09:07
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Re: US Coronavirus Stimulus Checks [Cheques]

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I'm not seeing this on the link you posted...
You won't!
This is the form I used to address the question.
In response I got a friendly response from my rep at the tax office informing me that one must report it as income.
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  #154  
Old 23.03.2021, 10:20
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Re: US Coronavirus Stimulus Checks [Cheques]

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I'm not an expert or an accountant, but I believe that you are correct: for persons that have no income or an income below a certain threshold per year, they are not required to file. However, they may wish to file because it is advantageous to them. Receiving a stimulus check may be such a reason to file.
Correct. There are threshold limits in Chart A of Instructions, for filing, 1040 that give the requirements if your gross income exceeds a level depending on your filing status. In addition you may fall into the few other special categories that would require filing (Chart B and C). These, however, seem quite rare like you were subject to special taxes, had health savings acct., etc.

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Incorrect. American tax forms have to be filed each year if you are an ‘American Person’; however, it is probable that in this case no income tax will be owed.
Sorry but that is incorrect.

Only if your gross income reaches a certain threshold or you are required to file, or for a number of other reasons listed in Chart B or C, page 10-11 of the instructions for filing 1040.

https://www.irs.gov/pub/irs-pdf/i1040gi.pdf
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