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Adventurer
Joined: 28 Jan 2006
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 Posted: Fri Apr 11, 2008 8:07 am Post subject: Taxes for the US |
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I got a final statement from my boss, but he adds my housing allowance and all. Anyway, I need to send something to an accountant in the U.S. How would he make sense of what I've got here in front of me.
Your help would be appreciated... |
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mole
Joined: 06 Feb 2003
Location: Act III
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| Posted: Fri Apr 11, 2008 10:20 am Post subject: |
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I filed 7 years' worth of late returns in one envelope a couple years ago.
I was fairly meticulous about my calculations and estimates.
There was a link off the irs website with archived average annual exchange rates.
You can't send W-2s since you likely have none. Unless you made over the $70K or whatever it is now, a fair and proper estimate is all you need.
I still have what little income documentation I did receive, just in case.
Thanks for the reminder, anyway. |
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dogshed
Joined: 28 Apr 2006
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| Posted: Fri Apr 11, 2008 2:41 pm Post subject: Re: Taxes for the US |
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| Adventurer wrote: |
I got a final statement from my boss, but he adds my housing allowance and all. Anyway, I need to send something to an accountant in the U.S. How would he make sense of what I've got here in front of me.
Your help would be appreciated... |
I'm not sure what your question is. Your housing allowance is part of your
income for US tax purposes if you are just a regular E2 English teacher. |
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Adventurer
Joined: 28 Jan 2006
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| Posted: Fri Apr 11, 2008 5:53 pm Post subject: |
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| mole wrote: |
I filed 7 years' worth of late returns in one envelope a couple years ago.
I was fairly meticulous about my calculations and estimates.
There was a link off the irs website with archived average annual exchange rates.
You can't send W-2s since you likely have none. Unless you made over the $70K or whatever it is now, a fair and proper estimate is all you need.
I still have what little income documentation I did receive, just in case.
Thanks for the reminder, anyway. |
So, what do I send the accountant. Don't I need some kind of proof of income. What does a Korean statement tell someone from the IRS?
What do I need to give to the IRS? That is what I was asking. |
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Miles Rationis
Joined: 08 May 2007
Location: Just Say No To Korea!
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| Posted: Fri Apr 11, 2008 6:12 pm Post subject: |
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| Adventurer wrote: |
| mole wrote: |
I filed 7 years' worth of late returns in one envelope a couple years ago.
I was fairly meticulous about my calculations and estimates.
There was a link off the irs website with archived average annual exchange rates.
You can't send W-2s since you likely have none. Unless you made over the $70K or whatever it is now, a fair and proper estimate is all you need.
I still have what little income documentation I did receive, just in case.
Thanks for the reminder, anyway. |
So, what do I send the accountant. Don't I need some kind of proof of income. What does a Korean statement tell someone from the IRS?
What do I need to give to the IRS? That is what I was asking. |
Don't give anything to the IRS (they are criminals). Give them no money, no statements, no nothing. I hav not earned USD in 10 years and have given nothing to them since then. Follow course and do likewise...
Last edited by Miles Rationis on Fri Apr 11, 2008 6:36 pm; edited 1 time in total |
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Kuros
Joined: 27 Apr 2004
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| Posted: Fri Apr 11, 2008 6:33 pm Post subject: |
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Adventurer,
Have you made $80k this year? That's the exemption you're allowed for overseas income. If you've made less than $80k you owe nothing, but you need to file that exemption on your form. |
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Adventurer
Joined: 28 Jan 2006
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| Posted: Fri Apr 11, 2008 6:50 pm Post subject: |
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| Kuros wrote: |
Adventurer,
Have you made $80k this year? That's the exemption you're allowed for overseas income. If you've made less than $80k you owe nothing, but you need to file that exemption on your form. |
All right, I made less than 80 K, but what form should I fill out, what procedure should I go through, and where can I get said forms.
Thanks, Kuros... I need to send something off soon.... |
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Miles Rationis
Joined: 08 May 2007
Location: Just Say No To Korea!
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| Posted: Fri Apr 11, 2008 6:55 pm Post subject: |
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| Adventurer wrote: |
| Kuros wrote: |
Adventurer,
Have you made $80k this year? That's the exemption you're allowed for overseas income. If you've made less than $80k you owe nothing, but you need to file that exemption on your form. |
All right, I made less than 80 K, but what form should I fill out, what procedure should I go through, and where can I get said forms.
Thanks, Kuros... I need to send something off soon.... |
Don't file any forms. You haven't earned squat in the USA, screw the IRS. Bloody leeches they are!  |
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ashke516
Joined: 01 Mar 2005
Location: on the beach
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| Posted: Fri Apr 11, 2008 8:03 pm Post subject: |
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Here are the forms:
http://www.irs.gov/formspubs/lists/0,,id=97817,00.html
You'll need the 2007 Form 1040 U.S. Individual Income Tax Return
and the 2007 2555-EZ Foreign Earned Income Exclusion
You can also download (and print) the instructions for both too. |
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