japan

Hi folks. Noob here. I am a U.S citizen living in japan and I am trying register for a interactive brokers japan account. I live, work and receive all my income from japanese sources, and 0 from the US. When I fill in the personal information on the Interactive brokers japan website to open an...

I saw this thread the other day related to foreign exchange gains among other posts on the topic relating to possible "ghost gains" when the yen weakens when compared to the original purchase time of an asset. As an American who needs to invest outside of Japan, I'm looking to clarify...

So i opened a bank account on JP bank as other thread recommended but i realized that i dont get a credit card not even a debit card! I came from Argentina and whenever you open a bank account it comes with a debit card, but this JP just gave me a cash card? Just to take out or put in money, and...

I’m in a bit of a weird situation and am not really sure what I need to do. My mom is inheriting her deceased father’s properties and businesses in the Philippines. She spent years fighting off family for the inheritance and wants to transfer everything to my S.O and I soon(ish) so that we don’t...

41 y/o holding a permanent residence. Married, with a 5 y/o daughter. Wife is professional, full time worker so she can still provide if I die. However I want to leave some money behind, hopefully a 30 million life insurance if possible. I already checked Rakuten and MetLife, they’re pretty...

Hello, First of all apologies for the basic questions, but I’m just at the start of setting everything up for my freelance business and am a bit worried I’ll make a mistake here that could wipe out my ability to claim any startup or ongoing monthly expenses. I am planning to submit the kaigyo...

There are now just 23 days left in the year for you to furiously finish using up your Furusato Nozei (ふるさと納税) allowance, which must be paid for before midnight, December 31st, 2023. There are often a bunch of questions about Furusato Nozei allowances, the one-stop system, how to figure out what...

Looking at Rakuten eMAXIS Slim U.S. Stock (S&P500). I had meant to get into this a couple years ago, but I’ve just recently got my finances in order. It appears to be at an all-time high currently, and I’m wondering if I should wait. If I had bought it back in 2020, it would’ve tripled by now...

I was working at company A but left it for company B. Things did not work out with company B and I left after 1 week After leaving company B, I joined company C. Company C thinks I joined right them right after company A. I was/am full time employee at all these companies. This being tax...

Primarily, I’m interested in a long term safe fund for the bulk. Iiuc, “EMaxis slim all countries” rated #1 on the Rakuten site is the best choice? How about the “S&P 500” type fund instead? Secondly, which fund would be good for shorter term, higher yield? I realize this would likely have...

As a Japanese citizen with U.S. permanent residency who retired in 2013. I spent approximately 9 to 10 months each year in Japan and the remaining 2 ~ 3 months in the U.S. from 2013 to 2022. For 2023, I was in the U.S. for almost 11 months. From 2013 to 2022, I consistently filed U.S. tax...

Hi all! As some background: I'm a U.S. - Japan dual citizen, graduated from college a few months ago, and will be moving to Japan in a few months to work at the Tokyo office of a U.S.-based multinational. Lived in the U.S. my whole life. Up until now, haven't really thought about personal...

Hi all, I’m looking to launch my startup in the next 12 months or so and I was wondering if it’s possible to do so as a US based C-Corp with a local subsidiary. Over the long term I think I ultimately want the company officially based out of the US (and will move more in that direction over...

I hope all you people are having a good time and getting ready for the holidays. Well, I’ll try to be a bit concise. About me: 41 y/o, veterinary surgeon, expat from a non-native English speaking country. Holding a permanent residence. I’ve been working for 9 years for a dispatch company...

Hi, apologize to bother , and I seem can not find a place to ask, decided to give a try at this forum for expats living in Japan I tried to google this topic, but not be able to find any single discussion or answer on this topic regarding how to report K-1 on Japan tax return. As a US citizen...

Based on the Guide to the Taxation of Foreign Currency and my earlier question I'm trying to figure out how to minimize/eliminate the headache of calculating foreign exchange gains. Given a taxpayer in Japan who is investing in securities (stocks, ETFs, mutual funds, etc.) in a currency other...

Hi Friends, I'm not quite sure if this permutation has been covered here, so here goes. I'm a US Citizen that has lived in Japan on a spouse visa for the last two years. My income derives from US companies, a mixture of payroll and invoicing. When on payroll, I have been able to have the...

This is basically just a rant for catharsis, so that I can get this off my chest and move on. Haha. I’m buying a house so I’ve been applying for mortgages from a few banks, shopping around for a good rate. One of the banks - au jibun bank - had very attractive rates advertised, so I applied...

Just hoping that someone can tell me if I understand the basic system correctly, since it seems fairly convoluted. So to begin with, let's say that there's a hypothetical estate worth ¥8 million yen, to keep things simple. If I understand things properly, the inheritance taxes might go like...

I called the IRS international line recently to request an EIN for my 合同会社 because I need to file either IRS Form 5471 or IRS Form 8832 and subsequently IRS Form 8858 each year and have to decide upon that pretty quickly since the business was officially designated as established by the Yokohama...