Search found 5 matches

by JcaWLz
Sun Aug 25, 2024 12:45 pm
Forum: Taxes & finance
Topic: Foreign Tax Refunds and US Foreign Tax Credit
Replies: 0
Views: 91

Foreign Tax Refunds and US Foreign Tax Credit

Do I need to do anything (e.g. file an amendment) if I claimed the foreign tax credit (cash method) on my return for 2023 and then got a refund from Germany in 2024 for tax paid in 2023 (because of deductions)? My tax preparation software said I don't need to do anything, and when I sent an email to...
by JcaWLz
Thu May 30, 2024 10:46 pm
Forum: Taxes & finance
Topic: German taxation of foreign interest bearing account
Replies: 18
Views: 2482

Re: German taxation of foreign interest bearing account

Thanks for your helpful replies panda :)
by JcaWLz
Wed May 29, 2024 1:33 pm
Forum: Taxes & finance
Topic: German taxation of foreign interest bearing account
Replies: 18
Views: 2482

Re: German taxation of foreign interest bearing account

Does anyone know if this change is going into effect in 2024 still? AFAIK it seems like its now 2025 based on https://www.bundesfinanzministerium.de/Content/DE/Downloads/BMF_Schreiben/Steuerarten/Abgeltungsteuer/2023-07-11-einzelfragen-zur-abgeltungsteuer.pdf?__blob=publicationFile&v=1 "Sei...
by JcaWLz
Fri Mar 29, 2024 7:23 am
Forum: Taxes & finance
Topic: German taxation of foreign interest bearing account
Replies: 18
Views: 2482

German taxation of foreign interest bearing account

Hey all, glad I found the new forum :) I remember a post from someone about how the German tax authorities will handle interest bearing accounts in a foreign currency in 2024, and that I should make sure I close any I have. Does anyone have any links to further information or can anyone give me a qu...