According to tb <nos...@example.invalid>:
>The following message was posted on a forum for Swiss citizens. What do
>the experts on this forum suggest?
>
>"Hello, I am seeking expert advice for reporting Swiss social security
>benefits on USA tax forms.
>
>Local tax experts were not expert enough to know about foreign pension
>and social security benefits.
Here's the tax treaty:
https://www.irs.gov/businesses/international-businesses/switzerland-tax-treaty-documents
You should read the treaty and the technical explanation but thse bits of Article 19
seem fairly clear:
2. a) Any pension paid by, or out of funds created by, a Contracting State or a
political subdivision or a local authority thereof to an individual in respect of services
rendered to that State or subdivision or authority shall be taxable only in that State.
b) However, such pension shall be taxable only in the other Contracting State if
the individual is a resident of, and a national of, that State.
4. Notwithstanding paragraph 2, social security payments and other public pensions paid by a
Contracting State to an individual who is a resident of the other Contracting State may be taxed
in that other State. However, such payments may also be taxed in the first Contracting State
according to the laws of that State, but the tax so charged shall not exceed 15 percent of the gross
amount of the payment.
So it depends where you live.
--
Regards,
John Levine,
jo...@taugh.com, Primary Perpetrator of "The Internet for Dummies",
Please consider the environment before reading this e-mail.
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