Ask Experts Questions for FREE Help !
Ask
    aka710's Avatar
    aka710 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 14, 2008, 06:16 PM
    Include foreign income?
    For 4 months of 2007 I lived in Korea... Ive gotten an extension for my 2007 taxes. My question is:

    Do I need to include my foreign earned income from Korea? I do know that I was not taxed in Korea and I believe there is a tax exemption treaty between the US and Korea...

    I need help and fast! THANK YOU! :)
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Oct 15, 2008, 12:23 AM

    On your U.S. return, you must report your worldwide income. You will claim credit for taxes paid in the foreign country by filing Form 1116. Read: Your U.S. Tax Return: U.S. Citizen or Resident with Foreign Income
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Foreign Income and Income Tax in 1040 [ 14 Answers ]

Can anybody suggest where to include Foreign Income and Income Tax in 1040 form. I am basically dual status alien but want to make "Resident for Full year" choice which necessiates to include my worldwide wages. I am married. To make this choice what suppose to provide to IRS and how to...

Foreign Tax for income in US. [ 1 Answers ]

Hi, I have a situation and I can't find anywhere in the web. I have read i1040NR, i1116, P514 and P519. I am a Burmese citizen and working in US. I have to pay income tax to Burma Gov around 10% additional to US Fed and state taxes and trying to find if I could claim that TAX amount in 1040NR...

Foreign income [ 1 Answers ]

When you have been working in a foreign country, is vacation time counted for your time out of the us or is it not counted as part of the number of days required?

2006 taxes: F-1 OPT Income & Foreign Income [ 4 Answers ]

Hi, I have a somewhat complicated question about my 2006 taxes... I came to the US in 2001 on a student visa (F1). After I finished my degree I worked one year under OPT, and I left when my OPT/visa expired in May 2006 and went home to my native country and got a job there. So basically I...

Tax on Foreign income ? [ 4 Answers ]

Me and my wife will be filing as "married filing jointly" for tax year 2006 as RESIDENT ALIENS based on passing the substantial presence test. We left the US for UK in June and have lived here ever since ( I cannot claim closer connection to UK based on applications made for change of status in...

View more questions Search