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Omkara
Joined: 18 Feb 2006
Location: USA
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 Posted: Thu Mar 13, 2008 7:43 pm Post subject: American PS Teachers: Did you file 8802? |
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| I'm crap for doing mundane and laborious gov't papers. I'm part of the way through filling out the application for the 8802 (that might not be the correct number but is close enough for the forum), but have just left it sitting on my desk. What is the risk for not sending it in? |
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Ut videam
Joined: 07 Dec 2007
Location: Pocheon-si, Gyeonggi-do
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| Posted: Thu Mar 13, 2008 7:49 pm Post subject: |
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| If you don't file your Form 8802, you won't receive your 2 year exemption from Korean income tax. |
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ImInKoreaAintI
Joined: 12 Feb 2008
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| Posted: Thu Mar 13, 2008 11:10 pm Post subject: |
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| I hear that if your are on an F-4 visa, you dont have to file this. I've been working at my school and they haven't taken a single won from my pay check from taxes. Just the normal insurance and pension are deducted from my slalary. |
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lizzie hong
Joined: 13 Nov 2007
Location: Ilsan
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| Posted: Fri Mar 14, 2008 4:35 am Post subject: |
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The form was too bothersome for me to fill out (it's rather complicated) and I didn't have the 2-5 week time allowance to get it done before I left for Korea. I heard the taxes are so low here, it doesn't matter one way or another.
Please tell me if I'm wrong about this assumption. |
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Jackofall
Joined: 29 Nov 2007
Location: Who knows
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| Posted: Fri Mar 14, 2008 6:33 am Post subject: |
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I am working on it now and you know there is a problem when you need to have a 12 page instruction manual to fill out a 3 page form.  |
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tselem
Joined: 24 Apr 2006
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| Posted: Fri Mar 14, 2008 8:17 am Post subject: |
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| Ut videam wrote: |
| If you don't file your Form 8802, you won't receive your 2 year exemption from Korean income tax. |
My experience seems to contradict this. I never filed one. Though, I have been exempted from taxes at both my current and previous schools. No paperwork was ever requested from the schools either. *shrug*
I'll probably get a letter from the government demanding back taxes soon.  |
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Atavistic
Joined: 22 May 2006
Location: How totally stupid that Korean doesn't show in this area.
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| Posted: Thu Apr 03, 2008 2:38 am Post subject: |
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| I'm bumping this up. I haven't filled one out, the school says that everything is fine. Can anyone VERIFY that they had no problems? |
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Bibbitybop
Joined: 22 Feb 2006
Location: Seoul
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| Posted: Thu Apr 03, 2008 7:34 am Post subject: |
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| lizzie hong wrote: |
The form was too bothersome for me to fill out (it's rather complicated) and I didn't have the 2-5 week time allowance to get it done before I left for Korea. I heard the taxes are so low here, it doesn't matter one way or another.
Please tell me if I'm wrong about this assumption. |
Yes, you are wrong. If I remember correctly, it's a one page document you fill out, mail to the USA and then a month later you get a letter that you give to your employer. Then you are exempt from Korean taxes for your first 2 years.
Easy as a Mexican hooker.
I have no idea what this 2-5 week allowance is, you sure you got the right form?
If you don't pay taxes every month and aren't exempt, it's not much per month, but add it together at the end of a year in back taxes and you are not going to feel the same way. |
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jkelly80
Joined: 13 Jun 2007
Location: you boys like mexico?
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| Posted: Thu Apr 03, 2008 2:54 pm Post subject: |
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| I haven't filled it out yet, and it came to 40k won on my first monthly check. So, about 480k/year that you don't have. I'm going to try to remember to fill it out today. |
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