in article
0c123bba-119c-44f1-9f68-6df5209d85f2...oglegroups.com, PeterL at
po.ning[at]gmail.com wrote on 3/16/09 11:58 AM:

- quote -

he or she got a W-2 or 1099DIV or other tax document. Certainly there is
tremendous temptation to not report income, which you know has not been
reported to the IRS, but that would be just good old fashioned tax evasion.
It is no different than reporting stock basis that is not there or phantom
charitable contributions. Just because it has not been reported does not
mean it shouldn't be.

You go with what you have. I have a client who works in Shanghai, China and
sends me a Chinese year end statement each year from his employer, with an
English translation that he provides along with a currency translation by
month. That is what we use in lieu of a W-2. He gets foreign tax credit
for his Chinese taxes and there are many other interesting complexities to
consider.

Uncompensated advice guaranteed correct or double your money back

Frank S. Duke, Jr. CPA
Cincinnati, OH USA

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On Mar 16, 12:04*pm, "removeps-gro...[at]yahoo.com" <removeps-
gro...[at]yahoo.com> wrote:
- quote -

No they are accurate. My son is a stickler for being legal. It's
just that there is no documentation.

- quote -

Those are not issues. The exchange rate is stable, not fluctuating
day by day. It's not a floating currency. The rate is set by the
government.

He has paid foreign taxes, but again no documentation. (Or there
probably is, but is in a foreign language.)


- quote -

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<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

I have been using the figures my overseas employer has been giving me on
the local tax forms. I have been using the average yearly conversion
rate supplied by the local US embassy. I have never submitted the local
form nor its translation, and have never been asked for them.

Now having written that, I invite you all to visit me in jail :-)

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<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

On Mar 16, 8:58 am, PeterL <po.n...[at]gmail.com> wrote:

- quote -

Are you saying that he has numbers but may not be accurate? You might
want to talk to a local tax professional. Some things that come to my
mind: is your son a citizen or permanent resident, foreign earned
income exclusion, issues of exchange rates, foreign tax credit or
deduction. Be aware that you get an automatic extension of time to
file till June 15 (but this is not an extension of time to pay tax) if
living abroad, though filing form 4868 is still a good idea.

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<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

My son works overseas (no tax treaty) and has no pay documents or
document for tax paid to foreign country. Actually I think he does
but it's in a foreign language and postal service is unreliable. So
is it possible to file his income tax with just the numbers he gave me
without any documentation?

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<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >