I have been living outside of the US for the past six years. I never filed a return as I assumed that as my salary was exempt from US taxes, I would not need to file any return. I did not owe the government money right? I know the mistakes of youth. Do I need to file a return or the previous six years. I am still living abroad and will continue to do so for a while but do not wish to get into trouble with the IRS.
2007-03-17 07:18:33 · 3 answers · asked by uneducated hiker 1 in Business & Finance ➔ Taxes ➔ United States
If you are a US citizen you are taxable on your worldwide income, although there is an exemption for earned income from abroad. Put simply, you can earn up to $82,400 before becoming taxable in the USA. You should, however, file a return every year. It is always good to have a tax history with the IRS - I assume you are going to return home at some point. Your nearest Embassy or consulate will probably have a list of preparers in your locality - not a recommendation but at least you have a starting point.
They did change the rules on income earned abroad a couple of years ago so you may find that, in future, you have a little bit of tax to pay. Get yourself to a local tax preparer with US knowledge and get it straightened out. You may be surprised at how easy it all is.
2007-03-17 07:40:47 · answer #1 · answered by skip 6 · 2⤊ 0⤋
If your income comes from a company that is not U.S., then its not taxable income. However, as long as your income does not exceed your taxable limit(owing money) then you do not have to file income tax.(why would the govt. force you to take money owed to you?)
2007-03-17 07:27:19 · answer #2 · answered by bigsexy 2 · 0⤊ 2⤋
i believe you do. im not exactly sure but i think you owe the IRS forever? or they hold you to it or audit you or something...sorry, i should start listening to my father..
2007-03-17 07:22:28 · answer #3 · answered by Dude 1 · 0⤊ 0⤋