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#4
05-28-2008, 02:19 AM
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 Re: Overseas Taxes On May 24, 7:30*am, Guillermo el Gato <devn...[at]example.com> wrote: - quote - > Hi, (forgive the sorta anonymous name) > I (a US Citizen) live overseas and my spouse (also a US Citizen) works > a normal job for a company here, and I'm self-employed. * > Filling out her taxes is relatively straight-forward, however, my > question is about my taxes. Do I have to fill out the business forms > as if I had my business in the US (listing all expenses and so on, > mileage and whatever) or is it enough to say that we earned $X > together overseas and that's the value that should be used as the > gross income? No objection to the name. Bill the Cat is one of my favorite characters. Ack! Katie in San Diego -- << ------------------------------------------------------- > << 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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#3
05-25-2008, 08:35 PM
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| Re: Overseas Taxes On May 25, 3:00*am, L K Williams <la...[at]loxinfo.co.th> wrote: - quote - > On Sat, 24 May 2008 10:30:57 EDT, Guillermo el Gato
unless your country has a binationalization treaty with US Social> <devn...[at]example.com> wrote: > > Hi, (forgive the sorta anonymous name) > > I (a US Citizen) live overseas and my spouse (also a US Citizen) works > > a normal job for a company here, and I'm self-employed. * > > Filling out her taxes is relatively straight-forward, however, my > > question is about my taxes. Do I have to fill out the business forms > > as if I had my business in the US (listing all expenses and so on, > > mileage and whatever) or is it enough to say that we earned $X > > together overseas and that's the value that should be used as the > > gross income? > > Many thanks! > Just because you live and work overseas doesn't let you file your > taxes different. *You can claim the exclusion on Form 2555 and the tax > credit on Form 1116 and you get an automatic extension to June 15 but > that's about it. *Except for those things, your tax return should look > much as it did when you were in the US. And don't forget about the self-employment tax - as I understand it, Security, you may end up paying self-employment tax to the US, even though you may be exempt from income tax due to the exclusion or credit. -- << ------------------------------------------------------- > << 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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#2
05-25-2008, 08:34 PM
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| Re: Overseas Taxes On Sat, 24 May 2008 20:00:30 EDT, L K Williams <lanny[at]loxinfo.co.thwrote: - quote - > On Sat, 24 May 2008 10:30:57 EDT, Guillermo el Gato
That's what I was afraid of.> <devnull[at]example.com> wrote: > > Hi, (forgive the sorta anonymous name) > > I (a US Citizen) live overseas and my spouse (also a US Citizen) works > > a normal job for a company here, and I'm self-employed. > > > Filling out her taxes is relatively straight-forward, however, my > > question is about my taxes. Do I have to fill out the business forms > > as if I had my business in the US (listing all expenses and so on, > > mileage and whatever) or is it enough to say that we earned $X > > together overseas and that's the value that should be used as the > > gross income? > > > Many thanks! > Just because you live and work overseas doesn't let you file your > taxes different. You can claim the exclusion on Form 2555 and the tax > credit on Form 1116 and you get an automatic extension to June 15 but > that's about it. Except for those things, your tax return should look > much as it did when you were in the US. It does seem silly all this km to miles conversions and the like, doesn't it? -- Oliver Sampson Support Indie Music olsam[at]quickaudio.com http://cdbaby.com/group/mrsampson http://www.oliversampson.com -- << ------------------------------------------------------- > << 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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#1
05-25-2008, 12:00 AM
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| Re: Overseas Taxes On Sat, 24 May 2008 10:30:57 EDT, Guillermo el Gato <devnull[at]example.com> wrote: - quote - > Hi, (forgive the sorta anonymous name) > I (a US Citizen) live overseas and my spouse (also a US Citizen) works > a normal job for a company here, and I'm self-employed. > Filling out her taxes is relatively straight-forward, however, my > question is about my taxes. Do I have to fill out the business forms > as if I had my business in the US (listing all expenses and so on, > mileage and whatever) or is it enough to say that we earned $X > together overseas and that's the value that should be used as the > gross income? > Many thanks! Just because you live and work overseas doesn't let you file your taxes different. You can claim the exclusion on Form 2555 and the tax credit on Form 1116 and you get an automatic extension to June 15 but that's about it. Except for those things, your tax return should look much as it did when you were in the US. 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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05-24-2008, 11:19 PM
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| Re: Overseas Taxes "Guillermo el Gato" <devnull[at]example.com> wrote in message news:rnuf34ppm6ven2tkjl4c6237c526ub2o23[at]4ax.com... - quote - > Hi, (forgive the sorta anonymous name)
Yes. Schedule C or F, just as if you were in the U.S.> I (a US Citizen) live overseas and my spouse (also a US Citizen) works > a normal job for a company here, and I'm self-employed. > Filling out her taxes is relatively straight-forward, however, my > question is about my taxes. Do I have to fill out the business forms > as if I had my business in the US (listing all expenses and so on, > mileage and whatever) or is it enough to say that we earned $X > together overseas and that's the value that should be used as the > gross income? -- << ------------------------------------------------------- > << 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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#-1
05-24-2008, 02:30 PM
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| Overseas Taxes Hi, (forgive the sorta anonymous name) I (a US Citizen) live overseas and my spouse (also a US Citizen) works a normal job for a company here, and I'm self-employed. Filling out her taxes is relatively straight-forward, however, my question is about my taxes. Do I have to fill out the business forms as if I had my business in the US (listing all expenses and so on, mileage and whatever) or is it enough to say that we earned $X together overseas and that's the value that should be used as the gross income? Many thanks! -- << ------------------------------------------------------- > << 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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