Dual Citizenship Living Outside US With Foreign Income

crymar · #1 (**permalink**) 04-16-2015, 02:25 PM

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?

Wnhough · #2 (**permalink**) 04-17-2015, 01:57 AM

Quote:

Originally Posted by crymar

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.