Hey Wisconsinite
Thanks so much for your response.
1) From what you are describing I take it, I can just add the employer contribution to my Bruttolohn (line 8 Lohnausweis) and put it in line 1 of f1040. I read somewhere that I can't put the employer contribution on form 2555, so I just get the FEIE for Line 8 of Lohnausweis (Bruttolohn). Is it correct to deduct the standard amount of 12'000 on line 9 of f1040? After that I'm back down to zero in line 11b.
2) Okey I got that right then. Thank you for clarifying.
3) Got it. I read up on that form and I'm well bellow the threshold. Only FBAR for me then.
Thanks for recommending me some tax service. I should've probably just done that. Would have been well worth the money. Might do it next year but as I'm cutting it close with the deadline this year I just want to get done with it by myself. What is your experience with the quoted price on that site? Pretty accurate or are there expenses adding up after sining up?
The one thing I didn't get (in bold):
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| 1) This is a difficult question and different people (including tax professionals) seem to do it differently. I never had any issues even when I simply added it to my total income. However, one common thing is that you should establish the basis for your pension contributions so that you don't face double taxation when you retire. I would advise you to go with a tax professional to do your taxes at least once so that you get an idea on how to fill things out in the future. Based on my experience, I can recommend taxesforexpats. | |
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What do you mean by establish the basis for my pension?