Korean Job Discussion Forums

[Tribal]

Okay, so I've looked over threads touching on this, but am hoping to get further clarification/confirmation. So for US citizens working in Korea, I understand that there's an exemption for those earning under $87,500 (or thereabouts). Assuming that's correct, please fill me in on how this plays out when you file your annual return.

What specific forms would a taxpayer need to prove that they're working in South Korea, so as to claim exemption for taxes? Is it the simply the 8802/6166 combo? Is your employer/school required to provide certification of the time frame in which you worked (i.e. exact starting/finishing dates)? Or is your word on their application good enough? Any other aspects to be aware of?

Clarification from those vets here who have actually gone through the process would be appreciated!!

[Tobias]

Forms 8802 & 6166 are for qualifying for the tax exemption in Korea. For Uncle Sam, you'll need forms 2555 and the 1040 of your choice. I've filed all these and they're straighforward.

There is also a form 4568 or something that allows you to delay filing with the IRS. I've not filed this form yet, but I imagine I will be in 2010. June is fast approaching, and I may not have the job I want by then. Know that June is the ultimate deadline for us unless we file the 4568(?) asking for more time.

[call_the_shots]

[katepult]

You probably can do the 2555EZ, which (as the name says) is easier than the regular 2555instead. You need your employer's address and name, or school name. I did that and the 1040 for the past few years without any problems. The IRS even gave me the economic stimulus check last year (a stupid plan, but I apperciated the cash).

[Tribal]

[gregoriomills]

Has anyone ever just NOT filed the 2555, and just not reported Korean income??

[Tobias]