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The Hammer
Joined: 18 Jan 2003
Location: Ullungdo 37.5 N, 130.9 E, altitude : 223 m
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 Posted: Sun Jan 29, 2006 7:22 am Post subject: USA Taxes in Korea |
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delete
Last edited by The Hammer on Tue Oct 28, 2008 2:16 am; edited 1 time in total |
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kangnam mafioso
Joined: 27 Jan 2003
Location: Teheranno
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| Posted: Sun Jan 29, 2006 7:52 am Post subject: |
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| i didn't file taxes for four years and started filing again last year. no questions asked and my tax return check is on its way. |
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ontheway
Joined: 24 Aug 2005
Location: Somewhere under the rainbow...
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| Posted: Sun Jan 29, 2006 8:01 am Post subject: |
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| Let sleeping dogs lie. |
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krats1976
Joined: 14 May 2003
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| Posted: Sun Jan 29, 2006 5:10 pm Post subject: Re: USA Taxes in Korea |
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| The Hammer wrote: |
I know this guy who has not filed his US tax paperwork since he moved here in 2001.
What is the least painful way to get caught up? Should he go to H&R Block or what?
He has worked at 4 different schools and has made much less than 70K dollars per year.
Please advise.
How many of you Americans on this board are like my friend? |
I didn't bother last year. I just downloaded the tax prep software from Turbotax last month & I'll send it in later when I get my 2004 ones done.
No biggie. |
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Demonicat
Joined: 18 Nov 2004
Location: Suwon
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| Posted: Sun Jan 29, 2006 5:28 pm Post subject: |
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| Its a non issue. US citizens are granted 70,000 in overseas tax free income. Furthermore, you are given credits that can be used based off of your current county's tax rates. I'm waaaay to hungover to go into taxes, but essentially, unless you have some serious stocks and bonds- its not worth worrying about. |
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The Hammer
Joined: 18 Jan 2003
Location: Ullungdo 37.5 N, 130.9 E, altitude : 223 m
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| Posted: Sun Jan 29, 2006 5:37 pm Post subject: |
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| kangnam mafioso wrote: |
| i didn't file taxes for four years and started filing again last year. no questions asked and my tax return check is on its way. |
Last edited by The Hammer on Tue Oct 28, 2008 2:17 am; edited 1 time in total |
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krats1976
Joined: 14 May 2003
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| Posted: Sun Jan 29, 2006 5:42 pm Post subject: |
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| The Hammer wrote: |
| Since schools here don't provide a W-2 what paperwork is needed from the school and what IRS tax form is used? 1040EZ, 182ninerQ52? |
No paperwork needed. At least, I've never been asked for any. |
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kat2
Joined: 25 Oct 2005
Location: Busan, South Korea
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| Posted: Sun Jan 29, 2006 6:12 pm Post subject: |
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| If you file before the IRS catches you, then you are fine. Most teachers don't own enough assets that the IRS is really going to care anyway. |
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