There is a form that you have to fill out to report your international income. If you don't you may have trouble when you get home and try to get a job. (you know that companies look into that kind of stuff ) You don't pay anything you just claim international income. My mom is a tax consultant and she will email me the information the you have to do and I will repost it on here for you when I get the email.
Do I need to pay U.S. Taxes while in Korea?
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Helpful Link:
http://www.irs.gov/businesses/small/international/article/0,,id=97130,00...
http://www.irs.gov/businesses/small/international/article/0,,id=96822,00...
Hope this helps
Fri, 02/03/2012 - 07:56
#2
Re: Do I need to pay U.S. Taxes while in Korea?
Sat, 02/04/2012 - 11:25
#4
Re: Do I need to pay U.S. Taxes while in Korea?
Form 1040 Individual tax return, and the following additional forms:
Form 2555 Foreign Earned Income (3 or 4 pages, showing I qualified for all income to be excluded, the maximum foreign income exclusion is 91,500)
Form 8917 Tuition & Fees Deduction (because I received Form 1098-T from AIU Online for the master's program classes).
Hope this helps. Good luck with everything!
Sun, 02/05/2012 - 20:48
#5
Re: Do I need to pay U.S. Taxes while in Korea?
I was wondering that figure of 91 000 is for a yearly amount or over a few years .? If a teacher could make that much no need to ever go back to usa right ? I think only can make that big money in dubai if one is really a qualified teacher lol
Your comment is awesome.