Replies

C210N,

Questions 1 & 2 still need to be answered

1)
Does an ASN become like Alecia Pennington in Texas?

https://freerepublic.com/focus/chat/4049556/posts?page=348#348

2)
What prevents someone from another country from doing the ASN path?

https://freerepublic.com/focus/chat/4049556/posts?page=382#382

These 2 were answered:

3)
What about folks in Alaska and Hawaii?

https://freerepublic.com/focus/chat/4049556/posts?page=388#388

They -may not need to do anything- as mentioned here:

https://freerepublic.com/focus/chat/4049556/posts?page=389#389

4)
Do Income tax codes & statutes apply to ASNs?

https://freerepublic.com/focus/chat/4049556/posts?page=391#391

Was answered here:

https://freerepublic.com/focus/chat/4049556/posts?page=397#397

My comment on the taxes:

If I read #397 correctly, it looks like an ASN “people” doesn’t have to pay income tax.

There are ways to avoid paying/owing tax that is much easier; I’m in that situation right now and all it took was a visit to the tax preparer and a form from my retirement package sent to the pension plan administrator on where to send the money (part to me, part to IRA).

I get all the money withheld from the portion of the pension paid to me, back at tax time, and all I have to do is “show the math”, i.e. file the tax forms.

When it comes time to take the RMD from the IRA, it won’t be enough to make the soc sec taxable, and it will be the same amount as what I get in my hand now from the pension, and I still pay no tax or get it all back at the end of the year if it does get withheld.