How are Expats taxed after the 87k?

[Displaced]

Do any of you guys use tax cut or other computer programs to do your taxes overseas. I've used Tax cut for many years now and am very happy with the service. This year I will be filing from as a non resident and I'm not sure if these programs will work for me.

 

[typhoonpilot]

Do any of you guys use tax cut or other computer programs to do your taxes overseas. I've used Tax cut for many years now and am very happy with the service. This year I will be filing from as a non resident and I'm not sure if these programs will work for me.

TurboTax works fine.


TP

 

[sat74]

Go read Cracking the Code!

 

[Regional4life]

Turbotax for me as well. Works fine.

TP, thanks for all the info regarding the proposed legislation.

Regional

 

[Porch]

Do the foreign govt's report your income to the US? If not, claim close to the max and put the rest in a bank and get an ATM card to withdraw. How do they know?

Can't we just keep it simple and do the above?

 

[X-rated]

Can't we just keep it simple and do the above?

Well, you probably can; they even have a fancy term for it. It's called Tax Evasion and it's a felony. (bu bye ATP) It certainly wouldn't be my first strategy, but maybe you won't get caught.

 

[Porch]

Well, you probably can; they even have a fancy term for it. It's called Tax Evasion and it's a felony. (bu bye ATP) It certainly wouldn't be my first strategy, but maybe you won't get caught.

Point well taken!

Cheers

 

[dash8driver]

after the IRS gets done with you, the Treasury Dept. would have their day next since you would most likely have not filed Form TD F 90-22.1. you are supposed to file one of those if you have bank accounts, etc totaling $10,000 USD or more.

 

[Bertie Wooster]

I am in the midst of a move abroad and was hoping one of you experienced expats could help me answer some questions.

1) What happens to your drivers licence? What address do you give the DMV?
2) DO you guys use tax consultants in the US to do your taxes?

 

[Regional4life]

I still have property in the U.S., (house, etc), so I still have my drivers license from that state. No issues with renewal.

Some guys have their mailing addresses changed to parents, in-laws, brothers house etc., and use that for their address and DL renewals.

I do not use a tax professional. Turbo tax works fine.

 

[airspeed]

Well, you probably can; they even have a fancy term for it. It's called Tax Evasion and it's a felony. (bu bye ATP) It certainly wouldn't be my first strategy, but maybe you won't get caught.

Thats a bunch of crap! http://www.ntsb.gov/alj/O_n_O/docs/AVIATION/3920.PDF

 

[kingairyahoo]

Thats a bunch of crap! http://www.ntsb.gov/alj/O_n_O/docs/AVIATION/3920.PDF

ooooo...case law, nicely done!

[insert golf clap here]

:beer:

 

[AA717driver]

So, let me get this straight: If a FAA inspector spies me coming out of the Nana Entertainment Plaza in BKK with a smile on my face, they can take my ATP.

But, if I protest income taxes, they can't?

TC

 

[X-rated]

Thats a bunch of crap! http://www.ntsb.gov/alj/O_n_O/docs/AVIATION/3920.PDF

That might be a little strong! The FAA did take action against his ATP, and the facts of the case were a little different in that he inappropriately claimed exempt on his W4. The findings may have been different if he purposely hid money in offshore bank and lied about his income.

All your post proves is that the FAA will take action against your certificate, and the specific facts of the case will determine if you get it back.

Nice job on finding the case, but it just validates my point. Oh, and the guy spent two years in prison, and had to pay 700K in penalties. I stand by my statement. It wouldn't be my first choice for a tax strategy!

 

[typhoonpilot]

So, let me get this straight: If a FAA inspector spies me coming out of the Nana Entertainment Plaza in BKK with a smile on my face, they can take my ATP.

But, if I protest income taxes, they can't?

TC

Yes TC, the FAA inspector would take your ATP because it would be seen as a failure. One should come out of the Nana Entertainment Plaza with a beautiful girl on each arm , anything less is just not acceptable.


TP

 

[dash8driver]

So, let me get this straight: If a FAA inspector spies me coming out of the Nana Entertainment Plaza in BKK with a smile on my face, they can take my ATP.

But, if I protest income taxes, they can't?

TC

it takes a strong moral character to go down there nite after nite to help so many out with the costs of having a sick water buffalo.

 

[airspeed]

X-RATED, i agree with you that it would take action, BUT they have also taken action against someones ATP for putting on fake license plates!!! So, i stand by my post that while they will take action, they wont be successfull. IMHO. I sure hope not, i think taxes are a bunch of crap anyway, where else in the world do you have SO many different taxes?????

 

[Hawker800]

Tax Evasion! That is what the politicians in Washington do all the time. Should be legal for all of us.

 

[Green]

It sounds suffeciently complicated to warrent a professional tax advisor, which I will do. It also sounds like there are many different hoops that need to be jumped through to define your tax position.

Again, if there is anyone who is on a 1 month on/off rotation who wishes to detail what they are doing regarding taxes, please post or send me a message regarding tips and processes. It would be greatly appreciated.

.......

 

[Green]

It sounds suffeciently complicated to warrent a professional tax advisor, which I will do. It also sounds like there are many different hoops that need to be jumped through to define your tax position.

Again, if there is anyone who is on a 1 month on/off rotation who wishes to detail what they are doing regarding taxes, please post or send me a message regarding tips and processes. It would be greatly appreciated.

I believe there is a way around the 330 day rule. If you work overseas and you can prove that your primary residence is overseas then you don't have to worry about the 330 day rule. i could be wrong on that though....