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    Joseph Leung's Avatar
    Joseph Leung Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 4, 2008, 04:57 PM
    Income Tax
    I am a PR living in San Jose. I have the following question:
    Do I have to pay tax on income of US$60,000 for working in Hong Kong in 2007?
    Thanks for your kind assistance in this matter.
    Regards
    Joseph
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Apr 18, 2008, 12:05 PM
    Yes. The U.S. is unique in that it taxes ALL world-wide income of its citizens and resident aliens, even when they earn it in another country.

    You CAN exclude up to $85,000 of such income if you meet the criteria by filing Form 2555 with Form 1040.
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