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Last year I worked in Thailand as a teacher. I was there for the whole entire year. My employers did not give me an income statement which is common over there. I made under $6K.

I have consulted with friends that have lived and worked out there for quite sometime and they mentioned to just report the income you made on the 2555EZ (which I have already) and not worry about submitting the statements. I am wondering if this is correct? Alternatively, I could e-file where income statements are not necessary.

I would also like to know if there is a need to obtain some kind of income statement from my employers there for reference.

One more question, do I have to report this income for the State of CA? I have been told I do not need to.

Thanks

2007-02-28 05:48:38 · 1 answers · asked by Enlightenme! 2 in Business & Finance Taxes United States

1 answers

If your gross income is below the tax threshold, you don't need to file anything. Check the FTB website and see what is says.

You may be able to exclude some or all of your foreign earned income using Form 2555 or 2555-EZ. Alternatively you can claim a credit for foreign income taxes paid.

It's up to you to keep adequate records of your income and expenses. If you have no proof of the income you earned (bank deposits, pay slips, contract, copies of checks, financial diary, etc. you'll be at the IRS' mercy if you're audited.

2007-02-28 05:57:15 · answer #1 · answered by Bostonian In MO 7 · 2 0

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