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Hugh Jorgan
Joined: 04 Feb 2003
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 Posted: Tue Feb 04, 2003 5:57 am Post subject: Tax Time!!!! |
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| I don't care where you're from just comment. Whose claiming their Korean income and whose not??? Why bother and throw caution to the wind or start filling out those tax forms. What do ya think??? |
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saw6436
Joined: 16 Jan 2003
Location: Daejeon, ROK
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| Posted: Tue Feb 04, 2003 6:17 am Post subject: I happily file my tax form |
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| as I know that I do not have to pay anything anyway. At least I do not pay until I clear that $79,000 (American dollars - the real ones - not those psudo Canadian or Aussie "dollars") per year in income. |
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Zyzyfer
Joined: 29 Jan 2003
Location: who, what, where, when, why, how?
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| Posted: Tue Feb 04, 2003 4:26 pm Post subject: |
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| I refuse to pay taxes on money that wasn't even made in my country, especially if, technically, moving overseas as a resident alien constitutes me being unable to vote. |
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PootyTang
Joined: 16 Jan 2003
Location: Valley of the sun
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| Posted: Tue Feb 04, 2003 5:57 pm Post subject: |
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| turbo tax online. Even if you're in Korea. |
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Boogie
Joined: 20 Jan 2003
Location: Pusan
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| Posted: Tue Feb 04, 2003 8:21 pm Post subject: tax agreements? |
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| I've heard that the CDN gov't has a deal with Korea and they can check to see how much you made- so if you lie you are in real trouble... is that true? |
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Hank Scorpio
Joined: 18 Jan 2003
Location: Ann Arbor, MI
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| Posted: Tue Feb 04, 2003 8:30 pm Post subject: Re: I happily file my tax form |
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| saw6436 wrote: |
| as I know that I do not have to pay anything anyway. At least I do not pay until I clear that $79,000 (American dollars - the real ones - not those psudo Canadian or Aussie "dollars") per year in income. |
USA! USA! USA!
I love tax time here. Just fill in that EZ form and be done with it. No screwing around with deductions, no giving over huge portions of my income. I just can't stay home for more than 30 days. |
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Zyzyfer
Joined: 29 Jan 2003
Location: who, what, where, when, why, how?
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| Posted: Wed Feb 05, 2003 1:22 am Post subject: |
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| So...you do actually have to fill out a form? Uhhhhhh..... |
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Homer
Guest
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| Posted: Wed Feb 05, 2003 4:03 am Post subject: |
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No forms required.
You allready pay your taxes on each pay.
The only reason you would have to pay taxes would be if you have investments that are generating income.
If those are in Korea then you will have to pay tax on it, if they are in canada, no matter your non-resident status you will have to pay tax on that income, not your Korean income. |
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Bondrock
Joined: 08 Oct 2006
Location: ^_^
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| Posted: Thu Dec 21, 2006 12:08 am Post subject: |
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| many schools do the taxes for you... but you should make sure to submit your medical and car insurance receipts for deductions |
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willneverteachagain
Joined: 17 Dec 2006
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| Posted: Thu Dec 21, 2006 12:22 am Post subject: |
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NO boo that's not rue, weird ID BTW.
what u heard is that canada "expects" u to claim ur world income and if u dont file paperwork saying ur a non resident of canada then they will expect a tax return. i didnt file taxes for 5 years because i filled out that form and i paid nothing to canada |
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Bondrock
Joined: 08 Oct 2006
Location: ^_^
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| Posted: Thu Dec 21, 2006 12:34 am Post subject: |
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| willneverteachagain wrote: |
NO boo that's not rue, weird ID BTW.
what u heard is that canada "expects" u to claim ur world income and if u dont file paperwork saying ur a non resident of canada then they will expect a tax return. i didnt file taxes for 5 years because i filled out that form and i paid nothing to canada |
fully agree.... you must file for non-residence status to be tax exempt in Canada.
however, any taxes paid in Korea are deductible if you file in Canada. not filing is just asking for future trouble, but that trouble is with you and Canada Revenue... getting non residence status is easy... i was refused once because i owned property... so i sold the house and voila... i became a non resident after the second application... |
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boredinwonju
Joined: 02 Dec 2006
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| Posted: Thu Dec 21, 2006 12:35 am Post subject: |
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| So if I'm canadian and don't claim my taxes, can they easily find out my what I made here in Korea? Will they come after me? |
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brento1138
Joined: 17 Nov 2004
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| Posted: Thu Dec 21, 2006 2:49 am Post subject: |
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How about this. I never filed for being a non-resident now, but I can do so later when I get back. In any case, my status now I believe is non-resident even though I didn't fill out any form or submit it to anyone. If the government wants my money, they'll really have to try hard to get it!!  |
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Bondrock
Joined: 08 Oct 2006
Location: ^_^
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| Posted: Thu Dec 21, 2006 3:29 am Post subject: |
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| but if someone drops a dime on you, you are beeped |
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regicide
Joined: 01 Sep 2006
Location: United States
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| Posted: Thu Dec 21, 2006 4:32 am Post subject: |
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| PootyTang wrote: |
| turbo tax online. Even if you're in Korea. |
Exactly. And one of the benefits of filing your US taxes is that you keep your residency status. Just use a family members address. You can use a schedule "c" and counteract your income with the expenses you incurred to earn it, and you could even contribute to an IRA , if you show a profit in that year. Turbo Tax will do everything for you. There is a code for this industry. ( education ) |
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