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

    Feb 9, 2012, 12:37 PM
    Help, what is my tax liability?
    Hello,
    I moved to the US in January 2008 on an L-2 visa. During this time I was still being paid in my home currency (Ireland) and paid all of my regular taxes at home, just transferring money to my US checking account as and when I needed it.
    In January 2010, my visa status changed to E-2, and has been the same since.
    I did not file any tax returns in the US during this period.
    What course of action should I take to regularize my situation?
    Thanks,
    P
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Feb 10, 2012, 01:23 AM
    You probably owe no FEDERAL income taxes, because you will claim the Foreign Tax Credit (Form 1116) when you file.

    STRONGLY recommend you get professional help. To contact me, double-click on my title above and find my email address in my profile.
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!

LLC tax personal tax liability [ 2 Answers ]

Hi Me and my partner started a LLC company in 2010. We made "X" net income for the year. I have 25 % partnership in the company. We agreed to keep "Y" as reserve(to care of monthly expenses)after which the amount left "Z" was distributed. I received 25% of "Z", but our accountant is saying that I...

Tax expense & tax liability [ 4 Answers ]

What is the difference between tax expense & tax liability

VA TAX YR 2003 Tax Liability [ 1 Answers ]

Can anyone tell me what the Amount of tax liability in Virginia in 2003 was for an income of $79,899.00

Tax Liability [ 1 Answers ]

Hi, I am a F1 Student living in cincinnati, OH since August 2006. I had worked on campus during 2006 and have received W2. I have the following questions: 1) There are no state taxes deducted. Do I need to pay any? 2) Socialsecurity Tax/Medicare have been deducted. I don't think I am liable...

Foreign Tax Deductions Against MD State Tax Liability [ 1 Answers ]

I worked in London for 8 months out of the year. I worked in Maryland the other 4 months. I know how to use foreign tax credits on my federal and social security liabilities. Is there any way to use foreign tax credits against my Maryland State and Local Tax liability? These taxes are for...

View more questions Search