Would that get me in trouble???
2006-06-21 01:00:30 · 7 answers · asked by dimashq 1 in Business & Finance ➔ Taxes ➔ United States
You usually don't have to file taxes if your income is less than $8,200 single, $16,400 married. More than that, and Uncle Sam wants a return, even if you owe no tax. You might be able to exclude your income under for Foreign Earned Income Exclusion, but you still have to file the return.
The good news is that if you don't owe any tax and you do file the returns voluntarily, you won't owe penalties because the penalties are based on underpaid taxes.
2006-06-21 05:11:46 · answer #1 · answered by NotEasilyFooled 5 · 0⤊ 0⤋
Probably. You're an American citizen so filing requirements if you're living abroad are pretty much the same as if you're living in the US no matter where the money was earned.
Print off tax publication 54 from irs.gov website and read it - that has all the info.
2006-06-21 04:29:21 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
That is considered tax evasion, and the penalty for this is serious. Everyone has to pay taxes and if not there is serious consequences to pay.
An illegal practice whereby an individual intentionally avoids paying their true tax liability. Anyone caught evading taxes is generally subject to criminal charges and substantial penalties.
There is a difference between tax minimization and tax evasion. All citizens have the right to reduce the amount of taxes they pay as long as it is by legal means.
2006-06-21 07:34:03 · answer #3 · answered by badgirl41 6 · 0⤊ 0⤋
It doesn't matter how much you make, as long as you are making money at a job whose location is on American soil, you are required to pay taxes.
I'd check with the IRS website to be sure, or a tax lawyer. If you don't live or work on american soil for that year I don't think it's necessary to file.
2006-06-21 01:06:12 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You could be arrested for tax evasion.
The fact that you run away to another country to avoid punishment makes your crime more serious.
I suggest you to stay away from the United States of America until you have hired a lawyer and filed your taxes.
2006-06-22 14:16:48 · answer #5 · answered by Anonymous · 0⤊ 0⤋
At start. that is not any longer age-correct yet income-correct. you're required to report a US tax go back in the journey that your income exceeds the filing requirement on your filing status, inspite of the position you stay.
2016-11-15 01:37:38 · answer #6 · answered by andeee 4 · 0⤊ 0⤋
omg 24,000 a year!
2006-06-21 15:05:31 · answer #7 · answered by deadkid97 3 · 0⤊ 0⤋