if iam a citizen of the usa but live ,work and pay taxes in another country,do i still have to file tax return

Question

i hold dual citizen of with usa and another country ,where on the tax form do i declare this income..if i am required to file?

Answer 1

You must file a tax return, and pay taxes based on your worldwide income.

You must contact the IRS to find out the official exchange rate for the year in question, then include a statement in English, of income earned in the foreign country. There may be a tax agreement between the two countries, and you will owe nothing or will get a refund.

Despite what one of the other responders said, you ARE eligible for refunds and credits. My brother, who is overseas, and has no US income whatsoever, files and gets a check for the child tax credit.

Answer 2

The USA has some odd Laws (enough to keep UK radio comedy shows going for hours on end) so check with the IRS, from a UK point of view as long as you are paying taxes in the Country you are resident in then that is fine. £10,500 is mainly for National Insurance (to pay for the NHS) and a little tax about £20 to £40 I should imagine unless you are intending to return to the States in the foreseeable future I shouldn't imagine there is any Taxes to pay. If you are going back to the States for any length of time then you might be eligible as a ~non dom~ (non domiciled resident) in the UK and might not have to pay taxes here at all.

Answer 3

All U.S citizens required to file for income taxes, that's a laws. Since you're holding citizenship from another country then you need to contact that foreign country in regards to its laws and tax regulations and if you're a part time resident in U.S while working and living in oversea. Read this section:

Codes A through N. Use the information reported as codes A through N, code Q, and attached schedules to figure your foreign tax credit. For more information, see Form 1116, Foreign Tax Credit, and its instructions; Form 1118, Foreign Tax Credit--Corporations, and its instructions; and Pub. 514, Foreign Tax Credit for Individuals. Hope this help!

Answer 4

Yes, you are required to file a US tax return and report all of your income on that return.

You may also want to review IRS Publication 54, Tax Guide for U.S. Citizens and Resident Aliens Abroad, as you will probably have more questions before you are finished with your return. You can access the publication here: http://www.irs.gov/publications/p54/index.html.

Answer 5

Yes, as a citizen you arerequired to report worldwide income on a U.S. tax return.
You need to do this to claim the foreign income exclusion and perhaps a foreign tax credit.

Answer 6

yes u r required to file

Answer 7

yes you are but you are not gana get money back or bay them becs you are not in usa but you have to file to prove you have income