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| On Jan 28, 6:33*pm, L K Williams <la...[at]loxinfo.co.th> wrote: - quote - > On Mon, 28 Jan 2008 10:50:09 EST, coolal...[at]yahoo.com wrote:
A correct statement would be that greencard holders are required to> > Hello all, > > I am a US Green Card holder and have lived for the past year outside > > US and have been back to US twice in this period (in total I was > > present in US during the past year *for more than 30 days.) My current > > salary is below 80K. Do I need to file my taxes? If yes, do I need to > > actually pay any taxes? > > I greatly appreciate your response, > > Many Thanks, > > R Coolali, > As a permanent resident (greencard holder) you are required to file a > tax return whether you are living in the US or not. *You must report > your worldwide income and, if necessary, pay any taxed. *However, you > may be entitled to the foreign earned income exclusion which could > eliminate any income tax. file under the same conditions as US citizens, that is, if their total income exceeds a certain amount or their income from self-employment exceeds a certain amount, etc. -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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| L K Williams wrote: - quote - > As a permanent resident (greencard holder) you are required to file a > tax return whether you are living in the US or not. You must report > your worldwide income and, if necessary, pay any taxed. However, you > may be entitled to the foreign earned income exclusion which could > eliminate any income tax. > Lanny K. Williams, CPA > Nawarat, Williams & Co., Ltd. > Income Tax Services for Expatriate Americans There may also be a Foreign Tax Credit. Between the two, there's a good chance you owe nothing - but you must file. Trust me, you'll be glad you did file when Immigration tries to lift your Green Card some day on the basis that you've abandoned your US residence by living and working overseas.... Doug -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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| On Mon, 28 Jan 2008 10:50:09 EST, coolali_5[at]yahoo.com wrote: - quote - > Hello all, > I am a US Green Card holder and have lived for the past year outside > US and have been back to US twice in this period (in total I was > present in US during the past year for more than 30 days.) My current > salary is below 80K. Do I need to file my taxes? If yes, do I need to > actually pay any taxes? > I greatly appreciate your response, > Many Thanks, > R Coolali, As a permanent resident (greencard holder) you are required to file a tax return whether you are living in the US or not. You must report your worldwide income and, if necessary, pay any taxed. However, you may be entitled to the foreign earned income exclusion which could eliminate any income tax. Lanny K. Williams, CPA Nawarat, Williams & Co., Ltd. Income Tax Services for Expatriate Americans -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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| Hello all, I am a US Green Card holder and have lived for the past year outside US and have been back to US twice in this period (in total I was present in US during the past year for more than 30 days.) My current salary is below 80K. Do I need to file my taxes? If yes, do I need to actually pay any taxes? I greatly appreciate your response, Many Thanks, R Coolali, -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
| Tags |
| abroad, card, green, holder, living, pay, taxes |
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