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I work for a private company ( a call center ) and was sent overseas on business to train one of our vendors. The money I earned from the US company while overseas, will I have to pay taxes on that?

2006-12-12 05:35:26 · 6 answers · asked by kalelrs 1 in Business & Finance Taxes Other - Taxes

6 answers

Yes you will have to pay taxes on it because you are still a US resident. That is IRS guidelines. Check with a tax professional in your area regarding how your state handles income from overseas or even another state.

2006-12-14 23:39:52 · answer #1 · answered by D.M. C 2 · 0 0

Search on the IRS web site. As I recollect, it's all taxable unless you are overseas for something like 11 months out of the year.

When I worked overseas, it was for shorter periods; I was getting a bonus for the hardship, and on top of that, the company paid more, to ensure that taxes didn't eat up most of the extra money I was earning as a bonus.

2006-12-12 05:48:17 · answer #2 · answered by mattzcoz 5 · 0 0

Yes. If you are a US citizen or green card holder, you are subject to tax on your worldwide income. That is, you have to pay US federal taxes on all your income, regardless of where it is earned. Under US federal tax law, there is a provision that allows you to exempt a certain maximum amount of wages you earn outside of the US provided that you meet two conditions:

1. You are subject to tax on that income in the foreign (non-US) country, and

2. You meet certain residence/presence tests.

2006-12-12 06:51:26 · answer #3 · answered by jseah114 6 · 0 0

it depends on how much ur making and were ur at overseas and if it is a tax free zone like the middle east or other hot zones around the world, I would also talk to ur company about paying taxes, and i would talk with tax service in the U.S. about it......

2006-12-12 05:50:19 · answer #4 · answered by sparka23 2 · 0 0

It depends on how you were paid. If the money was direct deposited then probably yes! but fight with your employer on this issue if it was a lot of money>

2006-12-12 05:39:54 · answer #5 · answered by golferwhoworks 7 · 0 0

Yes!

2006-12-12 05:40:38 · answer #6 · answered by Trader G 6 · 0 0

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