Author Topic: Questions and Answers for American Taxes (Read 46259 times)

Hollylove · « **Reply #120 on:** April 07, 2011, 06:41:56 PM »

do we still file a 1040?

awaygookindarok · « **Reply #121 on:** April 07, 2011, 06:46:40 PM »

I am a F4 visa holder. How does taxation law change for me? I am a LEGAL resident, but have my citizenship in the USA.

MissTerry · « **Reply #122 on:** April 08, 2011, 05:05:07 PM »

I called the IRS office today and they warned about the possible government shutdown as well, which could even further delay getting the residency certification. I need to apply for this as well. What a pain in the ass.

Lever · « **Reply #123 on:** April 10, 2011, 05:16:47 AM »

The extension:

I believe everyone living abroad gets a 2 month extension because we have to physically mail in our taxes. I completed them online, but I can't e-file because I'm outside the US.

Question:

I work at a public school, and they need to know the address of my employer. Should I use my school or my Office of Education?

seorakboys · « **Reply #124 on:** April 11, 2011, 03:47:48 PM »

hi i've been in korea for 7 months now but i never applied for the US residency tax exemption for korea. is it too late to apply for it? will i get reimbursed for the 7 months i paid korean taxes? and if i do apply for the tax exemption in korea, how will effect my taxes in the US? would i have to pay some kind of international tax for the US government? thanks

Zeeto · « **Reply #125 on:** April 11, 2011, 03:58:30 PM »

You should ask your school accountant about the tax exemption, as they are the one that's paid to know (or figure out) the answer. As for the way I understand US taxes, the residency certificate will not affect your filing there as long as you wait until you pass the physical presence test.

seorakboys · « **Reply #126 on:** April 12, 2011, 04:05:03 PM »

great thanks for the help. i'll talk with my school financial office.

DNogitsune · « **Reply #127 on:** April 12, 2011, 04:11:38 PM »

Quote from: seorakboys on April 11, 2011, 03:47:48 PM

hi i've been in korea for 7 months now but i never applied for the US residency tax exemption for korea. is it too late to apply for it? will i get reimbursed for the 7 months i paid korean taxes? and if i do apply for the tax exemption in korea, how will effect my taxes in the US? would i have to pay some kind of international tax for the US government? thanks

1. Yes, It took awhile for me to find out how to get mine and for it to finish.

2. No, it's not to late.

3. Yes, there is a way to get them back.

4. It means you won't get double taxed. You will have to pay the taxes you had in the states while you were working there before you took the job in Korea.

5. I forgot how to apply for the reimbursement. I am sure it is on here somewhere. My school just didn't tax me.

6. International tax? No idea.

sonohgong · « **Reply #128 on:** April 13, 2011, 12:59:59 AM »

I know we can apply for Tax Exemption on non-resident's Korean source income provided under the Korea Tax treaty.
I'm trying to apply residency certification first in order to have tax exemption, but I have no clue where to start.
I downloaded 8802 form from IRS website, Do i need to fill my tax return from last year along with the 8802 form??
Please help me. I have so many questions now....=(

mavsfan5 · « **Reply #129 on:** April 14, 2011, 10:38:35 AM »

After about 5 months of waiting, I finally received my tax form saying that I am a US citizen. From my understanding, this should exempt me from paying taxes in Korea (I'm a PS teacher)...is that right? Also, do I just give this to my school administration office or what? Thanks for the help!

meesh · « **Reply #130 on:** April 14, 2011, 11:42:47 AM »

I had to take it to my tax collector's office in my district. I would ask your coteacher, but make sure you know exactly where it needs to go (and maybe they will take you.) I heard of some people handing it to their school, but their school didn't submit it to the tax collectors, which = them paying taxes. It took me literally about 1 min at the collector's office to hand it to them - I just printed off a form I filled out at school and took it, along with my proof of citizenship and copy of contract(?) to that office.
((can't remember if I took that copy of my contract, but I'm pretty sure I needed to!)

**also just attached the form I needed to fill out - it also says the documents you need along with it

mavsfan5 · « **Reply #131 on:** April 14, 2011, 06:27:07 PM »

Awesome!! Thank you so much!!

kimchi_lover545 · « **Reply #132 on:** April 14, 2011, 06:54:06 PM »

Hi everyone,

I know tax day isn't far off. I got this email from the US Embassy in Seoul, and thought I would repost here for everyone's convenience. The short: you do NOT have to pay taxes as long as you are here for almost one year.

Cheers.

FOREIGN EARNED INCOME EXCLUSION

The Foreign Earned Income Exclusion (FEIE) is the amount of income earned overseas that may be excluded from U.S. income taxes if certain criteria are met. The maximum FEIE amount for 2010 is $91,500. However, one of the criteria to qualify for the FEIE is the “Physical Presence Test.” This means the U.S. taxpayer must have been physically present in a foreign country for at least 330 days during CY 2010 or during a period of consecutive 12 months starting or ending in 2010. The www.irs.gov website has Publication 54 which provides a more detailed explanation of FEIE.

cat23 · « **Reply #133 on:** April 14, 2011, 06:59:45 PM »

yes, but you should still file!

mscorpgrl · « **Reply #134 on:** April 14, 2011, 07:01:58 PM »

Yes, you must still file! Although I didn't owe anything for Federal Taxes, California doesn't honor the federal treaty (too poor I guess?) so I still have to pay to the State. :( So watch out for that!

kimchi_lover545 · « **Reply #135 on:** April 14, 2011, 07:02:35 PM »

I just sent the IRS a plastic bag with kimchi inside. I figured they would understand that.

mscorpgrl · « **Reply #136 on:** April 14, 2011, 07:02:59 PM »

Quote from: soylent_sam on April 14, 2011, 07:02:35 PM

I just sent the IRS a plastic bag with kimchi inside. I figured they would understand that.

Hahahahahaha

mr sam teacher · « **Reply #137 on:** April 14, 2011, 09:00:22 PM »

Quote from: soylent_sam on April 14, 2011, 06:54:06 PM

I know tax day isn't far off. I got this email from the US Embassy in Seoul, and thought I would repost here for everyone's convenience. The short: you do NOT have to pay taxes as long as you are here for almost one year.

And if you haven't been here for 330 days, file a form 2350 to get an extension! http://www.irs.gov/pub/irs-pdf/f2350.pdf

kimchi_lover545 · « **Reply #138 on:** April 14, 2011, 09:47:00 PM »

Cheers, thank you for the info.

nwgurl · « **Reply #139 on:** April 14, 2011, 10:29:45 PM »

Grr, I'm still working on my taxes, I'm such a procrastinator! I been here for over a year and a half so I'm past the 330 mark. It looks like I will have to pay some taxes this year. I'm just going slowly step by step to make sure I have everything in order. If you are already finished, Congratulations! Otherwise, I wish you luck on this irritating journey.^^

News

Author Topic: Questions and Answers for American Taxes (Read 46259 times)

Employment

Recently updated lesson plans