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Filing Taxes Online (in Korea)

 
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Goku



Joined: 10 Dec 2008

PostPosted: Sat Jun 06, 2009 12:00 am    Post subject: Filing Taxes Online (in Korea) Reply with quote

Has anyone who's been here had any luck with fully filing online?

I'm getting a bunch of problems. Specifically getting an EIN number for my school.

Turbo Tax Freedom Edition is what I've been using and won't allow me to submit it online without an EIN.

Anyone else have issues filing online?
What do you use?
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regicide



Joined: 01 Sep 2006
Location: United States

PostPosted: Sat Jun 06, 2009 1:47 am    Post subject: Re: Filing Taxes Online (in Korea) Reply with quote

Goku wrote:
Has anyone who's been here had any luck with fully filing online?

I'm getting a bunch of problems. Specifically getting an EIN number for my school.

Turbo Tax Freedom Edition is what I've been using and won't allow me to submit it online without an EIN.

Anyone else have issues filing online?
What do you use?


I would suggest talking to a professional about this matter rather than seeking free advice on a dissussion board.
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Drew345



Joined: 24 May 2005

PostPosted: Sat Jun 06, 2009 6:34 am    Post subject: Reply with quote

I use TurboTax Delux, hopefully your turbotax has the same options.

Don't enter the income as "wages and salaries" (which come with a W-2).

You will need to go back and delete the W-2 form that you made for the Korean Income. Just "show my return", scroll down to that W-2 you made and delete it. (you could save this step for last to be safer)

Enter your Korean income by selecting "select specific topics" not "guide me through" when entering your income.
The last option is "Less common income"
The last option under there is "miscellaneous income"
The first option is "Wages not already reported"
This will take you to the page for "Wages not reported on a W-2"

There is a specific entry for "wages from a foreign source"
and you can enter that income without needing an EIN for the school.

If you are claiming the "Foreign Income Exclusion" (to deduct the income), the interview should ask you if you want to complete that form after you enter the "wages from a foreign source". If the interview doesn't take you to the "foreign income exclusion" section automatically, you can find "foreign income exclusion" yourself under the "Less common income" section again.

There is a good turbotax forum at this page for getting help on using their software:
https://ttlc.intuit.com/app/full_page
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Goku



Joined: 10 Dec 2008

PostPosted: Sat Jun 06, 2009 8:21 am    Post subject: Reply with quote

Drew345 wrote:
I use TurboTax Delux, hopefully your turbotax has the same options.

Don't enter the income as "wages and salaries" (which come with a W-2).

You will need to go back and delete the W-2 form that you made for the Korean Income. Just "show my return", scroll down to that W-2 you made and delete it. (you could save this step for last to be safer)

Enter your Korean income by selecting "select specific topics" not "guide me through" when entering your income.
The last option is "Less common income"
The last option under there is "miscellaneous income"
The first option is "Wages not already reported"
This will take you to the page for "Wages not reported on a W-2"

There is a specific entry for "wages from a foreign source"
and you can enter that income without needing an EIN for the school.

If you are claiming the "Foreign Income Exclusion" (to deduct the income), the interview should ask you if you want to complete that form after you enter the "wages from a foreign source". If the interview doesn't take you to the "foreign income exclusion" section automatically, you can find "foreign income exclusion" yourself under the "Less common income" section again.

There is a good turbotax forum at this page for getting help on using their software:
https://ttlc.intuit.com/app/full_page


Thank you so much.
This solved the problem and my taxes are on their way to the IRS.
This saved me so much headache, I'm finally stress free. I was flipping out how hard it was to figure this out. THank you thank you thank you
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Drew345



Joined: 24 May 2005

PostPosted: Sat Jun 06, 2009 10:26 am    Post subject: Reply with quote

Your Welcome,
With that Turbotax and foreign earned income, you should do a "sanity check" of your final 1040 too. The foreign earned income should be shown added in on line 7, and then deducted out on line 21 (if you used foreign income exclusion). The first year I tried with turbotax I had DOUBLE the foreign income deducted out on line 21 (wow, showed a great refund!). I had to delete everything, go back, put in the income first, and then exclusion after.
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Scotticus



Joined: 18 Mar 2007

PostPosted: Sun Jun 07, 2009 5:34 am    Post subject: Re: Filing Taxes Online (in Korea) Reply with quote

regicide wrote:

I would suggest talking to a professional about this matter rather than seeking free advice on a dissussion board.


I would suggest you change your avatar, although I will admit that its obnoxiousness matches the level of help you brought to this thread.
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Geckoman



Joined: 07 Jun 2007

PostPosted: Thu Jun 11, 2009 2:17 am    Post subject: Reply with quote

Here's an earlier thread about filing your taxes while abroad:

ATT AMERICANS!: FILE YOUR FEDERAL INCOME TAXES BY JUNE 15TH!
http://forums.eslcafe.com/korea/viewtopic.php?t=154390
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