I’ll ask the 税務署 as well but, does anyone know if there is a way to pay for expected income taxes early before the tax year ends and before submitting a 確定申告?
Basically my US tax CPA tells me that I messed up this year since I had a big capital gains in 2023, waited until 2024 to pay the taxes on that in Japan after filing the 確定申告, and turns out since I paid it in 2024 and not 2023, due to my US taxes being on cash paid and not accrual basis, means that I’m gonna need to double pay my capital gains taxes once in Japan and once in the USA (with penalties since I didn’t prepay enough in the USA to cover the difference) then carry back the foreign tax credit next year. But I digress…
So the suggestion is that if I don’t want this to happen again I should instead prepay my taxes in Japan within the tax year so that the payment is in the same tax year as the gain (or to switch to accrual basis, but evidently this is less flexible and more complicated). Fair enough but I can’t find anywhere online a method to pay Japanese taxes early aside from the scheduled payments which doesn’t seem to be something I can just ask to do.
A similar thing in the USA is the Direct Pay system where you can just say in a web form that you’re prepaying taxes, plug in your bank details and schedule the IRS to withdraw some amount from your account, whenever you please.
Is something analogous to this possible in Japan? If I could then I’m thinking to stay in the USA on cash paid basis and just eat the loss from my cash being held hostage by the IRS for a year, but if not I think I should probably switch it to accrual.
Thanks in advance for anyone who might know something.
by MentalSatisfaction7