Have lived and worked in Ireland for 5 years. Never worked in US for those 5 years.
2007-04-15 02:10:40 · 5 answers · asked by Julie 1 in Business & Finance ➔ Taxes ➔ United States
Yes. You are a US citizen and as such are subject to US taxation on your world-wide income from all sources.
You may be able to exclude some or all of your foreign earned income from US taxation but must file a timely return to qualify for that. You have until 6/15/07 to file your 2006 return if you're outside the US now. The exclusion is lost for all prior years, though, since you missed the filing deadlines. You may be able to take a credit against your US tax liability for the foreign income taxes paid. Hopefully that will cover your US liability or you will be facing penalties for late filing and penalties and interest for late payment of taxes.
Get a copy of IRS Pub 54 from the IRS website. It will tell you everything you need to know.
2007-04-15 02:21:33 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
And enable's not ignore the extra exhausting requirement to record form TDF ninety-22.a million in case you have a financial business enterprise account in Canada that had $10,000 or extra in it in the process the year. As for the FEIE, in case you do not record, you probably did not make the election. As a single grownup, your submitting requirement starts off at $9500, so the $35K is waaaaay over that.
2016-10-22 05:26:35 · answer #2 · answered by dudik 4 · 0⤊ 0⤋
Talk about cutting it close. A bit late to be asking general questions about taxes.
2007-04-15 02:18:41 · answer #3 · answered by Anonymous · 0⤊ 1⤋
yes
2007-04-15 02:14:24 · answer #4 · answered by sook y 2 · 0⤊ 0⤋
absolutely, yes!
2007-04-15 02:17:33 · answer #5 · answered by bullwinkle3006 4 · 0⤊ 0⤋