How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask Tax.appeal.168 Your Own Question

Tax.appeal.168
Tax.appeal.168, Tax Accountant
Category: Tax
Satisfied Customers: 2574
Experience:  Nearly 30 years of varied tax industry exp. Tax Biz owner
58285678
Type Your Tax Question Here...
Tax.appeal.168 is online now
A new question is answered every 9 seconds

I am a US citizen looking to go to work for a Germany company.

Resolved Question:

I am a US citizen looking to go to work for a Germany company. My question is releated to what types of taxes will I be subject too? Which taxes do I have to pay and which if any are optional.

I have both Roth IRA & conventional IRA setup for retirement, will have have to contribute to the Germany pension system or can I continue with my US plans?
Where can I find information on the amount of tax I will pay?
Submitted: 1 year ago.
Category: Tax
Expert:  Tax.appeal.168 replied 1 year ago.

Welcome. THANK YOU for choosing Just Answer. My goal is to help make YOUR life, a little...LESS taxing.

Your question relates to tax laws of Germany and the U.S. I can answer the U.S. part, but as I not familiar with the tax laws in Germany. Note that U.S. citizens are taxed on their worldwide income. However you may be eligible to claim the Foreign Earned Income Exclusion, foreign housing exclusion, or claim the foreign tax credit. There is a tax treaty between the U.S. and Germany that eliminates double taxation, so you don't have to worry about being double taxed. Relating to the Foreign Earned Income Exclusion, SEE BELOW:

If you are a U.S. citizen or a resident alien of the United States and you live abroad, you are taxed on your worldwide income. However, you may qualify to exclude from income up to an amount of your foreign earnings that is now adjusted for inflation ($91,400 for 2009, $91,500 for 2010, $92,900 for 2011, $95,100 for 2012). In addition, you can exclude or deduct certain foreign housing amounts. --It is not yet noted whether the amount of the exclusion will be the same for TY 2013. For more detailed information regarding the FEIE, you can refer to the following IRS webpage:

http://www.irs.gov/Individuals/International-Taxpayers/Foreign-Earned-Income-Exclusion

--------------------------------------------------------

Q: I have both Roth IRA & conventional IRA setup for retirement, will have have to contribute to the Germany pension system or can I continue with my US plans?

A: As a general overview, many Americans who live and work abroad qualify for the foreign earned income exclusion, which provides that the first $91,500 (for 2012) of foreign wages or self-employed income is excluded from US federal income taxes. People working abroad may also be eligible for the foreign housing exclusion. Any income that is excluded from income taxes as a result of either of these two tax breaks will be income that cannot be contributed into an individual retirement account. Any income that is not excluded from tax, however, can potentially be contributed to an IRA. You may want to refer to the following webpage for more detailed information relating to living abroad and contributing to your IRA.

 

http://taxes.about.com/od/retirementtaxes/qt/Individual-Retirement-Accounts-For-Americans-Working-Abroad.htm

-----------------------------------------------
Q: Where can I find information on the amount of tax I will pay?

A: The amount of tax that you will pay depends on if you qualify to take either the foreign earned income exclusion or the foreign tax credit, and what rate your income is taxed at. A person's tax rate is determined by gross and filing status. You will find the tax rates for 2013 on the following webpage:

http://www.bankrate.com/finance/taxes/2013-tax-bracket-rates.aspx

Please let me know if I can be of further assistance to you regarding this matter.

Thank you again for using JUST ANSWER.


Tax.appeal.168, Tax Accountant
Category: Tax
Satisfied Customers: 2574
Experience: Nearly 30 years of varied tax industry exp. Tax Biz owner
Tax.appeal.168 and other Tax Specialists are ready to help you

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
< Last | Next >
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
  • I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight. Bonnie Chesnee, SC
  • Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation. John Minneapolis, MN
  • Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with. Orville Hesperia, California
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
 
 
 

Meet The Experts:

 
 
 
  • Wallstreet Esq.

    Tax Attorney

    Satisfied Customers:

    570
    10 years experience
< Last | Next >
  • http://ww2.justanswer.com/uploads/KU/KUMI95/2013-9-30_195031_kumar.64x64.jpg Wallstreet Esq.'s Avatar

    Wallstreet Esq.

    Tax Attorney

    Satisfied Customers:

    570
    10 years experience
  • http://ww2.justanswer.com/uploads/CU/Cuttinggirl/2011-10-29_03719_wcrop2.64x64.jpg Wendy Reed's Avatar

    Wendy Reed

    Enrolled Agent

    Satisfied Customers:

    3052
    15+ years tax preparation and tax advice.
  • http://ww2.justanswer.com/uploads/CATax/2009-08-04_204548_Mark.jpg Mark D's Avatar

    Mark D

    Enrolled Agent

    Satisfied Customers:

    985
    MBA, EA, Specializing in Business and Individual Tax Returns and Issues
  • http://ww2.justanswer.com/uploads/IN/insearchoftheanswer/2013-8-16_0233_attorney.64x64.jpg Richard's Avatar

    Richard

    Tax Attorney

    Satisfied Customers:

    3229
    29 years of experience as a tax, real estate, and business attorney.
  • http://ww2.justanswer.com/uploads/MY/MyVirtualCPA/2012-7-5_44024_cookmegan1.64x64.jpg Megan C's Avatar

    Megan C

    Certified Public Accountant (CPA)

    Satisfied Customers:

    6121
    Licensed CPA, CFE, CMA who teaches accounting courses at Master's Level
  • http://ww2.justanswer.com/uploads/JG/jgordosea/2012-6-7_43138_GordosVeritas.64x64.jpg jgordosea's Avatar

    jgordosea

    Enrolled Agent

    Satisfied Customers:

    2783
    I've prepared all types of taxes since 1987.
  • http://ww2.justanswer.com/uploads/OZ/ozaukeecpa/2012-6-7_193219_Picture1croppedandshrunk.64x64.jpg MequonCPA's Avatar

    MequonCPA

    Certified Public Accountant (CPA)

    Satisfied Customers:

    2231
    CPA, Over 30 yrs experience w/individuals and small businesses. Masters in Tax.
 
 
 
Chat Now With A Tax Professional
Tax.appeal.168
Tax.appeal.168
Principal
2275 Satisfied Customers
Nearly 30 years of varied tax industry exp. Tax Biz owner