ac30542

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  • in reply to: Taxes on US Pension? #173763
    ac30542
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    “If you are a U.S. citizen or resident alien, the rules for filing income, estate, and gift tax returns and paying estimated tax are generally the same whether you are in the United States or abroad. Your worldwide income is subject to U.S. income tax, regardless of where you reside.”

    http://www.irs.gov/businesses/small/international/article/0,,id=97324,00.html

    See
    http://www.irs.gov/file/article/0,,id=105045,00.html
    for filing address.

    See also

    Publication 54, Tax Guide for U.S. Citizens and Residents Abroad (PDF)

    http://www.irs.gov/pub/irs-pdf/p54.pdf

    [quote=”DavidCMurray”]But Scott, what you failed to include is . . .

    – You WILL pay U.S. income taxes on all your U.S.-taxable income received from any source in the world (but subject to the “Earned Income Tax Credit” which probably won’t apply in this case).

    – The IRS Code DOES provide for the taxability of ALL income from any source in the world and paid to a U.S. citizen regardless of his or her country of residence.

    – Your taxable income WILL include taxable pensions, the taxable part of your Social Security, taxable withdrawals from tax-deferred saving plans (IRAs, 401ks, etc). And . . .

    – As a practical matter, you WILL NOT be able to avoid these U.S. taxes or we’da already done it.[/quote]

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