Korean Job Discussion Forums

cubanlord · Joined: 08 Jul 2005 Location: In Japan!

Lately I have seen a couple of posts about income tax. I figured this would be helpful. Here is the link straight from the IRS website:

http://www.irs.gov/faqs/faq13-7.html

Even more specific:

http://www.irs.gov/taxtopics/tc853.html

nrvs · Joined: 30 Jun 2004 Location: standing upright on a curve

Good info.

There are also a bunch of funny things you can do to minimize your tax liability over here. For example, I applied for an extension on my filing date so I'll pass the "physical presence test" for 2004 -- even though I only moved to Korea in September 2004! My new tax day is September 15, and I'll get to write off all of my Korean income.

I wouldn't have figured this out only with Publication 54 though. I called the IRS International Tax Law hotline at (215) 516-2000 and they came up with the plan. Surprisingly (for a government agency) they don't make you wait on hold too long, and they're extremely helpful.

saw6436 · Joined: 16 Jan 2003 Location: Daejeon, ROK

Thanks for the tax info. A few years ago I had some tax issues crop up while over here working (inheritance). The IRS was extremely helpful. They actually hooked me up with one of their tax attorneys and he came-up with a great plan whereby I avoided all tax liabilities.

You always hear how nasty and evil the IRS are but I found the exact opposite if you are willing to work with them.