• We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.

taxes

A

alien42

Lifer
i am trying to figure out the legality of US taxes. as a US citizen if i move to another country and work in that country it seems like i would not have to pay US taxes. anyone know if this is correct.

along the same lines. what are the taxation laws if i live in the US but travel abroad and make money abroad?

any other similar circumstances apply.

***title corrected from tax evasion (illegal) to tax avoidance (legal)***
 
It depends... Are you a legal resident of another country (i.e. have a work VISA, etc.)? Who pays your wages and or how do your earn money? Did you pay taxes in another country and/or are you filling taxes in another country? Do you own or rent property in the US?

There are publications on the IRS website to answer your questions... furthermore, you can call the IRS to speak with IRS tax consultant, if you want.

IIRC, regardless of your situation, you still have to file taxes. You may not owe the gov. anything, but you have to file.
 
I don't know the answer to your question about working overseas, but there is by definition no such thing as legal tax evasion. Tax evasion is illegal. There is such a thing as tax avoidence

No one is under any obligation to pay any more tax than the law requires, and if the law provides a legal out you have not evaded, you were just smarter in taking advantage of it.
 
i ask specifically thinking about someone who plays the stock market full time. where would the best place to live be to avoid paying taxes?
 
Uncle Sam will always get his piece of your money. Talk to an accountant with internation experience- or talk to American expats in the place where you are going. In either case, toe the line or your next visit to US soil may last longer than you had intended (they check the rolls of tax offenders on international flights).
 
You must log in or register to reply here.

TRENDING THREADS

Back
Top