tax returns

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Old Nov 20th 2013, 7:24 pm
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Default tax returns

hi we have been in the states just over 2 months and trying to figure out how we pay tax here and in the UK... any advice? dont want to pay twice or miss out on deductibles

thanks
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Old Nov 20th 2013, 7:36 pm
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Default Re: tax returns

If you're employed, it comes out of your pay roll, if you're self employed, you file quarterly taxes.

Come January, you can start filing taxes for the year, till middle of April and you either get a tax bill or a refund at that time.

Plenty of threads to search out that cover FBAR and FATCA too.
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Old Nov 21st 2013, 1:40 am
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Default Re: tax returns

Unless you perform work in the UK, or have a source of income in the UK, e.g. rental income from a house, you won't have any future British taxes to pay unless or until you return there to live. If you were employed in the UK until two months ago you will almost certainly be entitled to a tax refund based on your annual tax allowance only being partially used, say April-August = 5/12 used, so 7/12 is still available and can be set against your income if you don't have any more income before April 2014.
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Old Nov 21st 2013, 11:11 am
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Default Re: tax returns

Originally Posted by hopeful444
hi we have been in the states just over 2 months and trying to figure out how we pay tax here and in the UK... any advice? dont want to pay twice or miss out on deductibles

thanks
Without more detail the question is far too open ended.

Maybe you could start by telling us why you think you would have any UK tax liability if you are US resident.
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