Go Back  British Expats > Living & Moving Abroad > USA
Reload this Page >

Is there a tax benefit?

Is there a tax benefit?

Old Mar 14th 2008, 1:40 am
  #1  
Maz
Thread Starter
 
Joined: May 2005
Posts: 5,763
Maz has a reputation beyond reputeMaz has a reputation beyond reputeMaz has a reputation beyond reputeMaz has a reputation beyond reputeMaz has a reputation beyond reputeMaz has a reputation beyond reputeMaz has a reputation beyond reputeMaz has a reputation beyond reputeMaz has a reputation beyond reputeMaz has a reputation beyond reputeMaz has a reputation beyond repute
Question 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.
Maz is offline  
Old Mar 14th 2008, 2:00 am
  #2  
Lost in BE Cyberspace
 
Kaffy Mintcake's Avatar
 
Joined: Jul 2007
Location: Cincinnati, Ohio
Posts: 8,497
Kaffy Mintcake has a reputation beyond reputeKaffy Mintcake has a reputation beyond reputeKaffy Mintcake has a reputation beyond reputeKaffy Mintcake has a reputation beyond reputeKaffy Mintcake has a reputation beyond reputeKaffy Mintcake has a reputation beyond reputeKaffy Mintcake has a reputation beyond reputeKaffy Mintcake has a reputation beyond reputeKaffy Mintcake has a reputation beyond reputeKaffy Mintcake has a reputation beyond reputeKaffy Mintcake has a reputation beyond repute
Default Re: Is there a tax benefit?

Originally Posted by Maz View Post
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?
Kaffy Mintcake is offline  
Old Mar 14th 2008, 6:16 am
  #3  
Maz
Thread Starter
 
Joined: May 2005
Posts: 5,763
Maz has a reputation beyond reputeMaz has a reputation beyond reputeMaz has a reputation beyond reputeMaz has a reputation beyond reputeMaz has a reputation beyond reputeMaz has a reputation beyond reputeMaz has a reputation beyond reputeMaz has a reputation beyond reputeMaz has a reputation beyond reputeMaz has a reputation beyond reputeMaz has a reputation beyond repute
Default Re: Is there a tax benefit?

Originally Posted by KJ2007 View Post
Would you be eligible for the tax rebate?
Which one? The $600 Dubya's "giving" to everyone? ****ing well better be.
Maz is offline  
Old Mar 14th 2008, 2:15 pm
  #4  
Pleasant Pheasant Plucker
 
Dan B's Avatar
 
Joined: Feb 2008
Location: Palm Bay
Posts: 249
Dan B has a brilliant futureDan B has a brilliant futureDan B has a brilliant futureDan B has a brilliant futureDan B has a brilliant futureDan B has a brilliant futureDan B has a brilliant futureDan B has a brilliant future
Default Re: Is there a tax benefit?

Originally Posted by Maz View Post
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.
Dan B is offline  
Old Mar 14th 2008, 4:53 pm
  #5  
MODERATOR
 
penguinsix's Avatar
 
Joined: Nov 2006
Location: Hong Kong, mostly.
Posts: 5,104
penguinsix has a reputation beyond reputepenguinsix has a reputation beyond reputepenguinsix has a reputation beyond reputepenguinsix has a reputation beyond reputepenguinsix has a reputation beyond reputepenguinsix has a reputation beyond reputepenguinsix has a reputation beyond reputepenguinsix has a reputation beyond reputepenguinsix has a reputation beyond reputepenguinsix has a reputation beyond reputepenguinsix has a reputation beyond repute
Default 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

Last edited by penguinsix; Mar 14th 2008 at 4:55 pm.
penguinsix is offline  
Old Mar 14th 2008, 10:14 pm
  #6  
Maz
Thread Starter
 
Joined: May 2005
Posts: 5,763
Maz has a reputation beyond reputeMaz has a reputation beyond reputeMaz has a reputation beyond reputeMaz has a reputation beyond reputeMaz has a reputation beyond reputeMaz has a reputation beyond reputeMaz has a reputation beyond reputeMaz has a reputation beyond reputeMaz has a reputation beyond reputeMaz has a reputation beyond reputeMaz has a reputation beyond repute
Default Re: Is there a tax benefit?

Originally Posted by Dan B View Post
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!
Maz is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.