tax returns
#1
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Thread Starter
Joined: Aug 2013
Posts: 13
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
thanks
#2
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.
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.
#3
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.
#4
Re: tax returns
Maybe you could start by telling us why you think you would have any UK tax liability if you are US resident.