British Expats

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-   -   Is there a tax benefit? (https://britishexpats.com/forum/usa-57/there-tax-benefit-521574/)

Maz Mar 14th 2008 1:40 am

Is there a tax benefit?
 
For being out of the US for the last 2 1/2 months of the year? I know they pay you to stay away for 6 months or more, but not sure about shorter periods. Reason being, if there's not, I honestly don't really want to tell the IRS. They don't need to know where we live now. So hubby asserts anyway. ;)

Ta. :)

Kaffy Mintcake Mar 14th 2008 2:00 am

Re: Is there a tax benefit?
 

Originally Posted by Maz (Post 6060570)
For being out of the US for the last 2 1/2 months of the year? I know they pay you to stay away for 6 months or more, but not sure about shorter periods. Reason being, if there's not, I honestly don't really want to tell the IRS. They don't need to know where we live now. So hubby asserts anyway. ;)

Ta. :)

Would you be eligible for the tax rebate?

Maz Mar 14th 2008 6:16 am

Re: Is there a tax benefit?
 

Originally Posted by KJ2007 (Post 6060622)
Would you be eligible for the tax rebate?

Which one? The $600 Dubya's "giving" to everyone? ****ing well better be.

Dan B Mar 14th 2008 2:15 pm

Re: Is there a tax benefit?
 

Originally Posted by Maz (Post 6060570)
For being out of the US for the last 2 1/2 months of the year? I know they pay you to stay away for 6 months or more, but not sure about shorter periods. Reason being, if there's not, I honestly don't really want to tell the IRS. They don't need to know where we live now. So hubby asserts anyway. ;)

Ta. :)

As far as I know, there is not. The only thing is could do is work against you *I think* as at some point you'd have to file a 1040NR - and they suck.

penguinsix Mar 14th 2008 4:53 pm

Re: Is there a tax benefit?
 
No...but there is eventually an $80,000 expat write off, along with a write off for housing allowances, but they only come into being after being out of the country for 12 months.

As a US citizen, you are required to file taxes no matter where you live pretty much until you die. Even if you have no income most professionals would recommend you do file anyway (rather than have to prove it later on should something come up). If you renounce citizenship, well, guess what--they still want tax forms to prove you are not just a tax dodger (eventually it ends).

There is a good forum on the UK Yankee site about taxes.

http://talk.uk-yankee.com/index.php?board=11.0

Maz Mar 14th 2008 10:14 pm

Re: Is there a tax benefit?
 

Originally Posted by Dan B (Post 6062455)
As far as I know, there is not. The only thing is could do is work against you *I think* as at some point you'd have to file a 1040NR - and they suck.

That sounds painful.

Thank you everyone for the responses, very much appreciated! :thumbsup:


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