If you lived out of the US for 365 days do you still have to report anything to the IRS?

Question

Do you still have to report anything to the IRS even if you didn't make over $80000.00 and you lived outside of the US for the entire 365 days.

Answer 1

As a U.S. citizen you must file a tax return and report your worldwide earnings. There is a foreign income exclusion available to you and you must file a tax return to make the election to exclude this income from being taxed in the U.S. If your earnings are from self-employment you still qualify for the foreign income exclusion but this exclusion does not apply to self-employment tax which would still be due and payable.
If you have specific questions the U.S. embassy in the country you reside in has staff that can help you with answers.

Answer 2

Living abroad does not exempt you from reporting your wages to the IRS, so long as you retain your US citizenship. Many people have lived outside of the US for ten years and still pay taxes.

As for minimal wages, I assume you meant $8,000 dollars rather than $80,000?

The following link may help explain a few things.

Answer 3

You have to report income to the IRS even if your an astronaut in Mars. Unfortunately, that's the law.

Answer 4

Uncle Sam still gets his cut. Only way to avoid that is to renounce citizenship.

Some European countries, like the UK, will let you become "tax exiles" and not owe tax if you leave the country.

Answer 5

I do not believe you do but it would be in your best interest to speak to the IRS about this, to be positive. Ask for something in writing.