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| "Jim" <mcinto[at]swbell.net> wrote: - quote - > I found lots of replies on USENET about a US citizens
Assuming you retained your Green Card, you must file your> obligation to declare foreign earned income but i'm not sure > what my situation is as I am a UK citizen... > I worked in the US for almost 5 years gaining a Green Card > in that time. I decided to move back to the UK permanently > on 28th Feb 2003 and I started work in the UK. I am now > filling out my tax form and I am wondering what I should > claim for foreign earned income. Do I have to declare my > foreign income/bank accounts and then claim exemption using > the Form 2555 (FEIE) or is there another course of action I > should be taking? tax returns as though you were still in the U.S. The Internal Revenue Code applies to ALL U.S. citizens and permanent residents. As long as you retain your Green Card, you are considered a permanent resident. On the other hand, if you surrendered the Green Card, you are only subject to U.S. taxes for the period you were resident. Assuming you retained the Green Card, you must report all income, including any interest and dividends. You do not provide enough information to determine if you are eligible for the Foreign Earned Income Exclusion but, if you do, you need to complete Form 2555. Lanny Williams, CPA Nawarat, Williams & Co., Ltd. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| I found lots of replies on USENET about a US citizens obligation to declare foreign earned income but i'm not sure what my situation is as I am a UK citizen... I worked in the US for almost 5 years gaining a Green Card in that time. I decided to move back to the UK permanently on 28th Feb 2003 and I started work in the UK. I am now filling out my tax form and I am wondering what I should claim for foreign earned income. Do I have to declare my foreign income/bank accounts and then claim exemption using the Form 2555 (FEIE) or is there another course of action I should be taking? thanks .jim. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| 2555, card, citizen, earned, exclusion, fill, foreign, form, green, income, nonus, required |
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