If someone gets the american citizenship but then goes to live in another country still needs to pay any kind of taxes to the IRS?
2007-08-28 11:50:05 · 3 answers · asked by Carol F 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
Sure, once you become a US citizen, you have to pay taxes to the IRS on your worldwide income, no matter where you live, unless you give up your citizenship. You can get a credit (either full or partial) from the IRS for taxes paid to another country on income.
2007-08-28 15:59:49 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you are a US citizen, whether by birth or by naturalization, then yes, your worldwide income is subject to US income tax no matter where you live. If you are paying income taxes to a foreign country, you might be able to deduct those from what you owe in the US.
2007-08-28 19:02:08 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Once you are a US citizen your world wide income is subject to tax. You could have an exclusion if you are living and working outside the US for a period of time. The following link will take you to the instructions for the proper IRS form to file that exclusion. http://www.irs.gov/pub/irs-pdf/i2555.pdf
2007-08-29 11:00:06 · answer #3 · answered by ? 6 · 0⤊ 0⤋