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| *The Commerce Journal>>>United States Taxes |
How much can you earn in a foreign country before IRS tax you? |
How much can you earn in a foreign country before IRS tax you? If you are a U.S. citizen or U.S. resident, you are taxed on your worldwide income. Like the previous poster said, your income, filing status, and age generally determine whether you must file a return. Generally, you must file a return for 2007 if your gross income from worldwide sources is at least the amount shown for your filing status in the following list: Answer is wrong! You fill out an exempton form if you are going to be abroad working for at least 330 days. If not, you fill out a Form 1116 and it flows to the Form 1040. You may be able to get a credit for the tax that you paid toa foreign country. http://nextaxpro.spaces.live.c... Same ground rules as if you work in the US. $8,750 for a Single non-dependent under age 65 in 2007. See IRS Pub 501 for other filing requirement amounts. 49 cents. |
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