Have a Tax Question? Ask a Tax Expert
Hi my name is XXXXX XXXXX I will be helping you today with your tax question. If you are a US Citizen then you are required to pay and file US Income tax, however you will be able to tax tax paid in another country as a credit on your personal 1040 Tax Return in the United States. If however you are not a citizen of the US then you no longer have to file.
yes, I am a US citizen. Will there be a penalty for me to now go back and submit the tax returns?
I do pay substantial Brazilian taxes
If you owe additional tax then yes, but if the tax you paid in Brazil covers what you paid in the US then you will not owe anything therefore there will be no penalties.
You only owe penalties on unpaid tax.
ok...sounds good, thanks
That is a link for info from the IRS about International Tax Payesr