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Yet another tax query

 
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gillod



Joined: 02 Sep 2009

PostPosted: Sat Oct 16, 2010 2:37 am    Post subject: Yet another tax query Reply with quote

From August 2009 until present my wife and I have lived in South Korea. Before that we lived in New York. In 2010, we didn't file taxes, but we did get an extension. That deadline is now looming.

Basically we sat on our hands because we were both entirely clueless about how to file when it involved our foreign income. To compound matters, we've been paying taxes in Korea and not in America. We got some bad info about our ability to get an exemption and so it seemed reasonable to pay taxes here.

So, I guess my question, in it's most basic form is: How do I file our taxes for a year where we made money in the United States for 4 months, then in South Korea for 8 months, paying taxes in Korea?

For what it's worth, the US portion of our taxes should be fine. All of our W2s are in line.

I have no idea what form to begin with or anything.
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gillod



Joined: 02 Sep 2009

PostPosted: Sat Oct 16, 2010 3:10 am    Post subject: Reply with quote

Does anyone know like. Even the form # I should start looking at?
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Drew345



Joined: 24 May 2005

PostPosted: Sat Oct 16, 2010 4:16 am    Post subject: Reply with quote

What I do is buy the turbotax software, and it takes you through everything step by step.

But doing it for the first time and needing to include foreign earned income can be a little bit tricky. Kind of jumping into the deep end.

Anyway, hope some others have other suggestions for you, I would say use turbotax (or any other brand you like) for software.

The form for foreign earned income is Form 2555.
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