H&R Block Tax Organizer (Your Income)

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ATTENTION: H&R Block Expat has gone through a technology renovation which included updating tax organizer forms. You are currently using an outdated form. Please contact a Client Relationship Professional at expattax@hrblock.com or call (816) 504-1665 for a link to your new organizer.


income Your Income
PREFILL FIELDS

The following fields should be pre-filled within this form:

1)    To enable search with the Save and Submit connectors

      - Lead ID (for new clients)

      - Client ID (for returning clients)

      - Engagement ID (for returning clients)

      - Tax Organizer ID

      - First Name

      - Last Name

      - Email

2)  To calculate field names

      - First Name

      - Last Name

3)    To enable country-specific logic

      - Country

CALCULATED FIELDS

The following fields should be calculated within this form:

1)    To create a new Income Information object 

      - Income Information Name

2)  To create a new Self Employment Income Information object

     - Self Employment Income Information Name

Your Sources of Income

Employment Information
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As a U.S. citizen or resident alien, your worldwide income generally is subject to U.S. income tax regardless of where you are living and working. However, several income tax benefits might apply if you meet certain requirements while living abroad. You may be able to exclude from income a limited amount of your foreign earned income or claim a tax credit for taxes paid to a foreign jurisdiction on that income. Questions asked throughout this questionnaire help to determine what is the best benefit for your tax situation.
Employer
 
checkmark Wage Statement(s) has been added to your document checklist
add another employer
Housing Information
Tip
The IRS considers employer-provided housing as a fringe benefit, and its value is usually taxable. To be exempt from taxation, three criteria must be met: 1) the lodging must be furnished for the convenience of the employer, 2) the employee must accept the lodging as a condition of employment (for instance, there cannot be an option to accept cash in lieu of the lodging), and 3) the employer must furnish the lodging on its business premises. If all three of these conditions do not apply to your situation, please provide the amounts paid by your employer below. (You will be asked about any amounts paid directly by you later in the organizer).
Other Employer Allowance Information
Tip
In addition to housing allowances, the IRS considers any other form of payment for the performance of services to be a fringe benefit. Any fringe benefit provided by your employer is taxable and must be included in your pay unless the benefit is specifically excluded by law. If you are unsure whether or not an allowance, or form of payment, is taxable, list it below and we will make the determination for you. Common forms of taxable allowances include travel allowances, living away from home allowances, child education allowances, etc.

Stock Options, RSUs, or Employer Share Scheme Information
Tip
Depending on the type of stock option obtained through your employer, the shares may be deemed taxable compensation when you receive them, when they are exercised, when they vest (in the case of RSUs), or sometimes when they are sold early (in the case of ESPPs). In order to determine your tax impact, your Advisor will need to review statements provided by your investment broker managing the options. This may require you to login to your account to obtain information relating to the grant, exercise, vesting schedule, and sale of the options.
checkmark Stock, RSU, and Employee Share Brokerage Statement(s) has been added to your document checklist
Bonus or Other Lump-Sum Payment Information
Tip
Bonuses or awards you receive for outstanding work are considered income. This includes prizes such as vacation trips for meeting sales goals. However, if your employer merely promises to pay you a bonus or award at some future time, it is not taxable until you receive it or it is made available to you.
Grant, Scholarship, or Stipend Information
Tip
Scholarships that you receive for tuition or course-related expenses, such as books, are exempt from taxation. However, those received for other items such as room and board or living expenses are not. And generally, you cannot exclude any scholarship or fellowship that represents payment for teaching, research, or other services as a condition for receiving the scholarship. Additionally, amounts paid as stipends to graduate level students and post-grads to cover living or general expenses are taxable.

checkmark Grant, Scholarship, or Stipend Statement(s) has been added to your document checklist
Interest Income Information
Tip
Most interest that you receive, or that is credited to your account, and that you can withdraw without penalty is taxable income in the year it becomes available to you. An exception to this rule is when you receive interest from state and local municipal bonds. This type of interest is exempt from tax and is reported to you as such on Form 1099-INT.
checkmark Interest Income Statement(s) has been added to your document checklist
Interest-Bearing Account
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Dividend Income Information
Tip
Dividend income is one of the few types of income that is taxed at different rates. If your dividend is considered ‘qualified’, the tax assessed on the dividend is levied at lower long-term capital gain rates, while ordinary dividends are taxed at your marginal tax rate. Not only can U.S. corporation dividends be considered qualified, but foreign dividends can also meet this standard if paid by a company incorporated in a country with which the United States has an income tax treaty. 
checkmark Dividend Statement(s) has been added to your document checklist
Dividend Payer
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U.S. Partnership Income Information
Tip
If you are a partner in U.S. partnership, whether in an active or limited capacity, you should receive a Form K-1 from the partnership that reports your share of income, expenses and credits attributable to the partnership. Most K-1s arrive by mid-March, but you may not receive a K-1 for some partnerships until later in the year. The K-1, along with your prior year return, should have the information needed by your Advisor to properly report your partnership activity.

checkmark Partnership Form(s) K-1 has been added to your document checklist
Sale of Stock Information
Tip
The profit or loss from the sale of stock is classified as capital gain or loss by the IRS.  If the stock was held for longer than a year, preferential tax rates apply at a range of 0% - 23.8% depending on your filing status and level of income.  If your capital losses exceed your capital gains, the excess can be deducted on your tax return and used to reduce other income, such as wages, up to an annual limit of $3,000, or $1,500 if you are married filing separately. Any excess losses are carried over year-by-year and help to offset any future capital gains that you may receive.

checkmark Stock Sale Statement(s) has been added to your document checklist
Sale of Real Estate Information
Tip
If you owned and lived in a home for at least two out of five years prior to the sale, then up to $250,000 of profit can be tax-free ($500,000 if filing jointly). The IRS lets you exclude this much gain from your taxable income. The exclusion does not, however, apply to investment property or rental property which was not lived in for the required period.

checkmark Real Estate Sale Statement(s) has been added to your document checklist
Retirement Plan Distribution Information
Tip
Most retirement distributions are taxable in the year received. This includes foreign retirement plan distributions received from employer-based plans and individual plans. An exception to this rule is qualified distributions you receive from a Roth IRA after you reach the age of 59 ½. One thing to be cautious of if you plan on taking amounts out early, in addition to regular tax, early distributions from U.S. plans are subject to a 10% penalty unless an exception applies.

checkmark Retirement Plan Distribution Statement(s) has been added to your document checklist
Social Security Benefits Information
Tip
If you receive U.S. social security benefits, you may have to pay federal income tax on part of your benefits. Up to 85% of the benefits received from U.S. social security can be taxable. Additionally, foreign social security benefits are taxable unless specifically exempted under an income tax treaty the United States has with your country of residence. If you receive social security either from U.S. or foreign sources, you can upload your tax information related to the payments and we can make the determination of whether it is taxable in the U.S.

checkmark Social Security Benefits Statement(s) has been added to your document checklist
Unemployment Income Information
Tip
Unemployment compensation, whether from U.S. or foreign sources, is generally taxable.

checkmark Unemployment Income Statement(s) has been added to your document checklist
Alimony Income Information
Tip
The IRS provides specific criteria to determine whether a payment is deemed alimony. If a payment meets these conditions, it can be deductible by the payer, while the recipient must include it as income. In general, most payments received in relation to a separation or divorce that are not classified as child support or property division are considered alimony. This includes both U.S. and foreign payments.
Royalty Income Information
Tip
Royalties from copyrights, trademarks, patents, and oil, gas, and mineral properties are taxable as ordinary income whether from U.S. or foreign sources. You may have some expenses that relate to royalty income such as depletion and production & severance tax. Form 1099-MISC is typically received if payed from a U.S. source.

checkmark Royalty Income Statement(s) has been added to your document checklist
Gambling Winnings Information
Tip
Gambling winnings are almost always considered income. This includes cash and the fair market value of any prizes you receive. If you win within the U.S., depending on the amount of your winnings you may receive Form W-2G, which reports the amount of your winnings, as well as the amount of any tax that was withheld. You may also be able to claim a deduction for gambling losses. While gambling losses are not applied directly against winnings, the losses can be claimed as a deduction that helps offset your total income.

checkmark Gambling Income Statement(s) has been added to your document checklist
Trust or Estate Payment Information
Tip
Trust distributions function in different ways depending on the type of trust, and whether it is a U.S. or foreign trust. Most U.S. non-grantor trusts distribute the income and expenses directly to the beneficiaries rather than keeping it within the trust and having the trust pay tax for it. In this situation, you should receive a K-1 that reports these tax items to you directly. Foreign trusts are a bit more complicated, as separate tax rules apply to distributions received from a foreign trust. If relevant, you should try to obtain a beneficiary statement from your foreign trust that reports items of income and expenses that relate directly to you.
checkmark Trust or Estate Income Statement(s) has been added to your document checklist
Cancellation of Debt Information
Tip
In general, you have cancellation of debt income if your debt is canceled, forgiven, or discharged for less than the amount you must pay back. The amount of the canceled debt is taxable and must be reported in the year the cancellation occurs. The canceled debt is not taxable, however, if an exception allows you to exclude it from gross income or if it is intended to be a gift to you. Typically cancelled debts from U.S. obligations are reported to you on Form 1099-C. If you incurred cancelled debt during the year, your Advisor will be able to discuss whether any of the available exceptions apply to your situation.

checkmark Debt Cancellation Statement(s) has been added to your document checklist
Other Income
Tip
If you received other types of income not addressed elsewhere (e.g. child benefits or non-taxable severance pay), please list the amount and type of income you received, and your Advisor will determine whether it needs to be reported as income or not.
COUNTER FIELDS
If you have any questions, you can email expattax@hrblock.com or call (816) 504-1665

ATTENTION: H&R Block Expat has gone through a technology renovation which included updating tax organizer forms. You are currently using an outdated form. Please contact a Client Relationship Professional at expattax@hrblock.com or call (816) 504-1665 for a link to your new organizer.


ATTENTION: H&R Block Expat has gone through a technology renovation which included updating tax organizer forms. You are currently using an outdated form. Please contact a Client Relationship Professional at expattax@hrblock.com or call (816) 504-1665 for a link to your new organizer.


income Your Income
Self-Employment Income Information
Tip
You are considered self-employed if you are working as an independent contractor or freelancer, and not directly employed by a business. You are also considered self-employed if you are the single owner of a U.S. LLC and you are not taxed as a corporation.  However, this does not include cases where you own a foreign small business (foreign limited company, etc.). If you are self-employed, you are taxed on net income from the activity. In addition, self-employed individuals are typically assessed SE tax (U.S. social security & Medicare tax) on net income.  The one exception is in the case in which you live in, and pay social security tax to, a foreign country with which the United States has a social security treaty agreement.
Small Business Information
checkmark Self-Employment Form(s)1099-MISC has been added to your document checklist
checkmark Self-Employment Books and Records has been added to your document checklist
Please report the amounts of income and expenses listed below:
Income & Expenses
Other Small Business Expense
 
add another expense
Assets, Machinery, and Tools
Tip
These include purchases made during the year with a useful life expected to last longer than one year. (e.g. business software, a vehicle, restaurant equipment, etc.).

add another asset
Home Office Information
Other Information

If you have any questions, you can email expattax@hrblock.com or call (816) 504-1665

ATTENTION: H&R Block Expat has gone through a technology renovation which included updating tax organizer forms. You are currently using an outdated form. Please contact a Client Relationship Professional at expattax@hrblock.com or call (816) 504-1665 for a link to your new organizer.


income Your Income
Rental Income Information
Tip
If you own a home that you rent out to another person, whether located within the U.S. or abroad, you must report that property on your U.S. return even if your expenses for the rental property exceed the rental income you receive. Additionally, depreciation is a required expense for rental properties. If no depreciation has ever been claimed, there are methods for recovering the prior unclaimed amounts.
Rental Property 
  
Please provide a name to use to identify this property (e.g. Washington Duplex)
Property Acquisition Information
Tip
The IRS looks to your local property law to determine what percentage of the property you have an interest in. For instance, if you and your spouse or family member own the property jointly, most jurisdictions would look at you each owning 50% of the property.
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%
%
checkmark Rental Property/Council Tax Assessment(s) has been added to your document checklist
Other Information
Property Sale Information
Note:  If your property was based in the U.S., you can provide your HUD-1 statement in lieu of providing details about the sale.
Property Income & Expenses
checkmark Rental Form(s) 1099-MISC has been added to your document checklist
Please provide amounts spent for each of the expense categories below:
checkmark Rental Form(s) 1098 has been added to your document checklist
Other Rental Expenses
Tip
Other expenses may include HOA/body corp fees, pest control, lawn care, etc. In the space provided below, please list the type and amount of your other rental expenses. If they are reported in a currency different from the expenses reported above, please list the currency as well.

add another property
Additional Assets
 
add another asset
COUNTER FIELDS
If you have any questions, you can email expattax@hrblock.com or call (816) 504-1665

ATTENTION: H&R Block Expat has gone through a technology renovation which included updating tax organizer forms. You are currently using an outdated form. Please contact a Client Relationship Professional at expattax@hrblock.com or call (816) 504-1665 for a link to your new organizer.


YIComplete
You have now completed the second section of your Tax Organizer, 'Your Income'.  Once you click the Next Section button below, you will have a chance to review the information that you entered before submitting the form and moving to the next section.  

If you would like to review or modify this section at a later time, simply click on 'Save my progress and resume later'.  Please keep in mind that once you have submitted a section, you will not be able to go back to make changes. 
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