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    ksh565656's Avatar
    ksh565656 Posts: 7, Reputation: 1
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    #1

    Dec 10, 2010, 10:42 AM
    My husband works in Russia.
    My husband works in russia, while myself and a child keep residency in the US. He works for a Russian company and has his rubels exchanged to dollars in hong kong and then wired home. What is our US tax responsblity?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Dec 10, 2010, 11:29 AM
    Is your husband a U.S. resident (green card holder) or U.S. citizen?
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    ksh565656 Posts: 7, Reputation: 1
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    #3

    Dec 10, 2010, 11:36 PM
    Quote Originally Posted by ksh565656 View Post
    My husband works in russia, while myself and a child keep residency in the US. He works for a Russian company and has his rubels exchanged to dollars in hong kong and then wired home. What is our US tax responsblity?
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    ksh565656 Posts: 7, Reputation: 1
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    #4

    Dec 10, 2010, 11:38 PM
    He is a united states citizen. He has received a long term visa but sends most of his income, from the russian company, back to the states. I do not work.
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    ksh565656 Posts: 7, Reputation: 1
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    #5

    Dec 11, 2010, 12:28 AM
    Comment on AtlantaTaxExpert's post
    Us citizen working for russian company and sends money to us to pay bills. I am his wife and am not working at this time
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    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #6

    Dec 13, 2010, 10:34 AM
    Then, as a U.S. citizen, he has a legal obligation to file a U.S. tax return (Form 1040).

    He may owe NO taxes if his income is low enough that he can exclude it using Form 2555 or he can claim the Foreign Tax Credit using Form 1116, or both.

    About how much did he earn (in U.S. dollars) in 2010 while in Russia?
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    ksh565656 Posts: 7, Reputation: 1
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    #7

    Dec 17, 2010, 08:20 AM
    Us citizen
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #8

    Dec 17, 2010, 02:34 PM
    Again, HOW MUCH did he earn in 2010 while in Russia??
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    ksh565656 Posts: 7, Reputation: 1
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    #9

    Dec 17, 2010, 06:14 PM
    Comment on AtlantaTaxExpert's post
    About 160,000
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    ksh565656 Posts: 7, Reputation: 1
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    #10

    Dec 17, 2010, 09:54 PM
    Comment on AtlantaTaxExpert's post
    $160,000 us dollars after converted in hong kong from rubles. April through December 2010. He was unemployed for the calendar year prior to April 2010.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #11

    Dec 20, 2010, 10:42 AM
    His return will be somewhat interesting to file, as he can only exclude about $89,000 of it using Form 2555.

    Assuming he paid taxes to Russia on that income, he should be able to claim the Foreign Tax Credit (Form 1116) on the taxes paid for the income in excess of the exclusion amount. If he DID pay Russian income taxes, then his U.S. tax liability will probably be ZERO.

    Even so, a tax return IS required.

    The complexity of the income dictates that he should NOT file it himself. In other words, he should get professional tax help.

    If you wish my professional help, email me at [email protected] for a fee quote.
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