Korean Job Discussion Forums

pollyplummer · Joined: 07 Mar 2005 Location: McMinnvillve, Oregon

Don't kill me, I'm sure this has been asked before quite a bit.
I worked in Korea for about 5 months in 2005. Do I have to report that on my taxes? How does that work? I'm too lazy to read all the official stuff right now.
xo, Thanks in advance. Cool

Ya-ta Boy · Joined: 16 Jan 2003 Location: Established in 1994

No you don't. Just report the money you made at home.

krats1976 · Joined: 14 May 2003

Actually, I'm pretty sure you do. Legally you have to report all your income, regardless of where it's earned.

Rteacher · Joined: 23 May 2005 Location: Western MA, USA

I don't really know, but I'll take a stab at it. Did you work in Korea in 2004? If you lived in Korea for at least 300 days over a twelve month period then I think you can take the full income exemption, whatever (form 2555?) If you weren't mostly in Korea over a year period including the five months you worked in 2005 - and you're afraid to call the IRS - I would just report what you made here (in parentheses) under "other income" and label it "in Korea", but don't pay taxes on it - let them come after you if they think you owe something. By reporting it you avoid a possible penalty, but I don't think you have to pay taxes on it. (And there may not even be a penalty for not listing it - as long as you file on time...)