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    cbetter's Avatar
    cbetter Posts: 2, Reputation: 1
    New Member
     
    #1

    Jun 3, 2008, 09:58 AM
    What portion, if any, of income earned abroad is taxable?
    If you gain employment with a foreign company in a foreign country, what are the tax laws when you return to the U.S. For instance, Dubai is a tax-free country. Would you have to pay taxes on your income when you returned to the U.S. Is there a time frame that if you go beyond that then your money would not be taxable? Can you wire money from there to a bank in the U.S. in order to pay bills while you're gone? Would that be taxable?
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #2

    Jun 3, 2008, 10:09 AM
    If you are a U.S. citizen or resident, you must report your world wide income. You must file your tax return if your worldwide income exceeds the filing requirement.
    Read Your U.S. Tax Return: U.S. Citizen or Resident with Foreign Income

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