I haven't filed since 2003. I would have received a refund in 2004, but I was overseas and didn't have the tax forms. In 2004, 2005, and 2006 my income was foreign income and was not reported to the IRS, and I didn't file that either. I'll continue to work overseas in 2007 and 2008. Just want to be square with Uncle Sam. What would you do?
2007-07-19 15:08:40 · 5 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
2004 & 2005 you will have to paper file, but 2006 you can still electronically file. You might find that you do indeed have taxable income, but by having worked overseas you could be eligible for foreign income exclusion calculation. Your best bet is to find a good CPA to help you with your situation. I work for a CPA/Tax prep firm, and one of our clients is a US citizen who has lived and worked in Austria for several years now. He had filed a 1040 for each year.
2007-07-20 02:26:20 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Dave,
You will still need to fle a tax return for each year you had a filing requirement even if you were oversees. It is however unlikely that you will have any tax liability due to the foreign earned income exclusion.
You will also want to file your 2004 return as soon as possible so that you claim your refund before the statute expires.
If you need assistance I am an Enrolled Agent and deal with these issues regularly. You can find my company and contact information on the web at: www.etaxrelief.com. I have clients throughout the globe. Best of luck to you.
eTaxrelief.com
2007-07-20 23:14:26 · answer #2 · answered by Chris J, President at eTaxrelief 2 · 0⤊ 1⤋
You need to file for ALL of those years. Just because you were overseas doesn't mean you don't file! You may have screwed yourself out of some serious tax benefits by not filing. As a US citizen or resident, you are subject to US taxation on your world-wide income from all sources.
Get a copy of IRS Pub 54 (for each missing year) from the IRS website and then decide if you want to tackle it yourself or hire a pro -- a CPA, EA or tax attorney -- not one of those weenies at the storefront tax prep mills. If you go it on your own you can get the forms from the IRS site as well.
2007-07-19 15:31:14 · answer #3 · answered by Bostonian In MO 7 · 1⤊ 1⤋
regrettably the IRS replica of the W-2 won't teach in case you had any state withholding. you possibly can document the SC variety utilising it, yet you will teach a nil for funds. this would make the tax, effects and pastime bigger. you ought to touch your organization and spot in case you may get a replica from them.
2016-11-09 22:56:24 · answer #4 · answered by ? 4 · 0⤊ 0⤋
Deal through a tax accountant.
2007-07-19 15:26:25 · answer #5 · answered by bob shark 7 · 1⤊ 1⤋