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#1
12-22-2004, 01:53 PM
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 Re: 2004 residence only four months esantoro[at]poczta.onet.pl wrote: - quote - > After living abroad for six years, I have returned to the
You Imply that you have not filed tax returns for the years> U.S. I am currently applying for several jobs, but have not > yet returned to work. I have some questions: > 1. I realize I will have to file a return because I recently > cashed in on some stocks, but am I entitled to any special > exemptions for having been in the country for less than five > months during 2005 (let alone for the past six years)? > 2. Can I deduct my expenses for relocating to the U.S.? > $500 for my plane ticket plus $300 to ship boxes of > belongings. you were living abroad. If this is correct, you should be aware that you do not avoid the requirement to file returns and pay taxes simply because you are outside the U.S. If you are a U.S citizen or permanent resident (implied by your saying you "returned to the U.S.") you are still subject to the Internal Revenue Code. Income earned abroad may be eligible for an exclusion and taxes paid to a foreign country may be eligible for a credit against U.S. taxes. However, to claim either benefit, you must file a return. Lanny K. Williams, CPA Nawarat, Williams & Co., Ltd. Income Tax Services for Expatriate Americans << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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12-20-2004, 11:48 PM
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| Re: 2004 residence only four months esantoro[at]poczta.onet.pl wrote: - quote - > After living abroad for six years, I have returned to the
No special exemption.> U.S. I am currently applying for several jobs, but have not > yet returned to work. I have some questions: > 1. I realize I will have to file a return because I recently > cashed in on some stocks, but am I entitled to any special > exemptions for having been in the country for less than five > months during 2005 (let alone for the past six years)? - quote - > 2. Can I deduct my expenses for relocating to the U.S.?
Depends on why you moved back. Moving expenses are allowed> $500 for my plane ticket plus $300 to ship boxes of > belongings. only under certain circumstances. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
12-14-2004, 12:01 AM
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| 2004 residence only four months After living abroad for six years, I have returned to the U.S. I am currently applying for several jobs, but have not yet returned to work. I have some questions: 1. I realize I will have to file a return because I recently cashed in on some stocks, but am I entitled to any special exemptions for having been in the country for less than five months during 2005 (let alone for the past six years)? 2. Can I deduct my expenses for relocating to the U.S.? $500 for my plane ticket plus $300 to ship boxes of belongings. Thanks for help. ES << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| 2004, months, residence |
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