Tax

Have a Tax Question? Ask a Tax Expert

Ask an Expert,
Get an Answer ASAP!

Tax

I have an offer to work overseas, I need to calculate an estimate

Customer Question
for my taxes due here...
I have an offer to work overseas, I need to calculate an estimate for my taxes due here in the US, does it make a diffrence if my family (wife+2 children) move with me or live here in the US ?
Submitted: 6 years ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 9 minutes by:
12/2/2010
Tax Professional: Robin D., Senior Tax Advisor 4 replied 6 years ago
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 15,870
Experience: 15years with H & R Block. Divisional leader, Instructor
Verified

Robin D :

Hello and thank yo for using Just Answer

Robin D :

First let me say that your family may stay in the US while you work abroad.

Customer :

Hi, that's a good news

Robin D :

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). In addition, you can exclude or deduct certain foreign housing amounts. You must meet requirements to exclude.

Customer :

I'm a US citizen, what are basic conditions for excluding these amounts ?

Robin D :

Generally, to meet the physical presence test, you must be physically present in a foreign country or countries for at least 330 full days during the 12-month period. You can count days you spent abroad for any reason. You do not have to be in a foreign country only for employment purposes. You can be on vacation time.


You do not meet the physical presence test if illness, family problems, a vacation, or your employer's orders cause you to be present for less than the required amount of time.

Your 12 month begins when you are in the other country and ends 1 year and a day later. Ex: You are in the foreign country on Dec 3 2010. Your 12 month period ends on Dec 4 2011. During that 12 months you must have been out of the US 330 full days.

Customer :

so 10 month out of 12 I need to be abroad ?

Robin D :

Well you will need to count the days exactly as some months have 30 days and some have 31 (do not forget leap years and the 28 or 29). Yes if audited the IRS will count those days exactly

Customer :

Yes I understand I was getting the basic idea, if I earn more than the excluded amount, do I get taxed for all or just the diffrence ?

Robin D :

You will be taxed on the difference as well as on the calculation of the whole. It used to be that you would only be taxed on the amount over the exclusion but now it is a little more complicated.

Customer :

OK, I guess I have good idea about how it works, thank you for your help.

Robin D :

You are welcome. You will ned Form 2555 to cliam your exclusion.

Robin D :

spelling.....in a hurry

Customer :

one more thing, if I'm paying interst on my house -does this get deducted too ? or all other in US deductions will be ommitted ?

Robin D :

All the regular things stay the same. You can still claim the itemized things

Customer :

thank you

Robin D :

Welcome. You can come back even after you click accept.



Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 15,870
Experience: 15years with H & R Block. Divisional leader, Instructor
Verified
Robin D. and 87 other Tax Specialists are ready to help you
Ask your own question now
Ask Robin D. Your Own Question
Robin D.
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 15,870
15,870 Satisfied Customers
Experience: 15years with H & R Block. Divisional leader, Instructor

Robin D. is online now

A new question is answered every 9 seconds

How JustAnswer works:

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

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.WMatteson, 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.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, 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.

OrvilleHesperia, 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!!!!

AlexLos 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.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,300 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,310 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

Robin D.

Robin D.

Senior Tax Advisor 4

15,870 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,651 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

R. Klein, EA

R. Klein, EA

Enrolled Agent

1,839 satisfied customers

Over 20 Years experience

< Previous | Next >

Related Tax Questions
My client is a foreign corp in Slovakia with no PE in the US
My client is a foreign corp in Slovakia with no PE in the US and does not want a US subsidiary but would like to hire 2 US persons - what is the best way to do that? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
15,870 satisfied customers
I was a foreigner student at State University. I applied
Hi, I was a foreigner student at Washington State University. I applied 'Tax refund' through a tax agency about 3~4 years ago, but still no answer I got back. How can I get refunded?… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,458 satisfied customers
A foreign individual is a member of a US LLC. Are there any
A foreign individual is a member of a US LLC. Are there any extra requirements for filing when it comes to the partnership return?… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,458 satisfied customers
Dose mean can not deduct state income taxes only or dose it
dose mean can not deduct state income taxes only or dose it includes property taxes too … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Can my LLC with US and Foreign members be a shareholder in
Can my LLC with US and Foreign members be a shareholder in an S Corporation? The K-1 would go to the LLC.… read more
Robin D.
Robin D.
Senior Tax Advisor 4
15,870 satisfied customers
Foreign Entity doing business with US company may be subject
Hi Foreign Entity doing business with US company may be subject to 30% withholding tax by IRS. The foreign entity is registered in Monaco where there is no tax treaty with USA. How can I avoid or recl… read more
Robin D.
Robin D.
Senior Tax Advisor 4
15,870 satisfied customers
Sure. I'm electing to deduct foreign taxes paid in 2016 due
I'm electing to deduct foreign taxes paid in 2016 due to limitations on the credit usage. I have a credit carryover from 2015 as well. Since the carryover is from earlier years, can I use some of the carryover and the current year foreign tax deduction on the same 2016 tax return? … read more
Anne
Anne
Master Tax Preparer
1,328 satisfied customers
RE: FOREIGN TAX CREDIT We're filing a married joint filing
RE: FOREIGN TAX CREDIT We're filing a married joint filing tax return and have come up against some problems on form 1116. 1) Do we add both our names on the form? 2) On line 3a, it asks for certain i… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,458 satisfied customers
My wife is a foreign national who is a legal US resident
My wife is a foreign national who is a legal US resident (not US citizen). For medical school, her family gave her a no-interest loan valued at >$100,000 USD. We plan to pay them back in their curr… read more
abci168
abci168
Principal
27 satisfied customers
Client (US resident) with foreign salary and taxes paid in
Client (US resident) with foreign salary and taxes paid in foreign currency - Part II of 1116 form for some reason adds taxes paid only in US $ (line "o" through "r") - it does not take taxes paid in … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I am employed by a foreign employee, but live in the US. My
I am employed by a foreign employee, but live in the US. My employer does not have a legal US presence. My employer has no US clients and all of my work of performed abroad. Foreign employer does not … read more
abci168
abci168
Principal
27 satisfied customers
I am a US resident living in the US employed by a foreign
I am a US resident living in the US employed by a foreign employer that does not have a US entity. I am an employee, and mostly performed services abroad. My employer does not do US payroll withholdin… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,458 satisfied customers
Do I need to pay taxes on income from a foreign company
Do I need to pay taxes on income from a foreign company based in Colombia? … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Under the US-China tax treaty Article 19, a foreign
Under the US-China tax treaty Article 19, a foreign professor gets three years of exempt income while here in the US teaching or researching. If he arrives here on December 31, 2013, I understand that… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Foreign Income - I have a new taxpayer client. * She is a US
Foreign Income -I have a new taxpayer client. * She is a US citizen. * Was married in Austria and still married to the Austrian. * Marriage is not recognized in the US. * Has rental house in US, no ea… read more
Robin D.
Robin D.
Senior Tax Advisor 4
15,870 satisfied customers
Foreign earned income tax exemptions. My husband started
foreign earned income tax exemptions. My husband started working in the UAE in February 4, 2017. How many days is he allowed to physically visit the USA in a 12 month period to be qualified for the ex… read more
Robin D.
Robin D.
Senior Tax Advisor 4
15,870 satisfied customers
I need help preparing Form 2555 having multiple employers,
I need help preparing Form 2555 having multiple employers, different countries … read more
Matthew Breecher
Matthew Breecher
President
MBA (Graduate Legal Studies)
285 satisfied customers
Foreign Income - Client is a US Citizen. Client travels to
Foreign Income -Hello,Client is a US Citizen. Client travels to United Kingdom to work for two weeks. She is paid by a US company and a Canadian Company for her services. How is that two weeks of Earn… read more
Robin D.
Robin D.
Senior Tax Advisor 4
15,870 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x