Welcome Guest. Register Now!  


For 2014 Tax Tips For Year 2014.


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 04-16-2015, 02:25 PM
Junior Member
 
Join Date: Apr 2015
Posts: 1
Dual Citizenship Living Outside US With Foreign Income

I am a citizen of both the U.S. and United Kingdom. I lived in England and worked for an English company the entire 2014 tax year, was paid in English pounds, and paid English tax. Do I still have to submit a tax return to the IRS?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 04-17-2015, 01:57 AM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
Quote:
Originally Posted by crymar View Post
I am a citizen of both the U.S. and United Kingdom. I lived in England and worked for an English company the entire 2014 tax year, was paid in English pounds, and paid English tax. Do I still have to submit a tax return to the IRS?
Of course ; as a US citizen, you MUST report your US source and world wide income on your Federal/ home state returns;however, as you paid taxes on your UK source income to UK, you MAY claim foreign tax credit by filing form 1116 to report credit on 1040 line 48 or can claim it as deduction on your Sch A of 1040 line 8.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

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

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


Similar Threads
Thread Thread Starter Forum Replies Last Post
Dual status foreign income prezes Filing Requirements 8 02-20-2015 03:52 PM
Dual status foreign income 2010 prezes Filing Requirements 0 02-17-2015 05:20 PM
Dual status first year choice- foreign income exclusion? capri Filing Requirements 0 04-04-2013 05:57 PM
Foreign income for U.S. Citizen living in U.S. ResearchConsultant Income 1 01-31-2012 05:03 AM
Dual Status Alien - Foreign Income coopers93 Filing Requirements 16 01-27-2012 12:34 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.