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Possibly simple tax questions

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Old 17-12-2005, 10:38 PM
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Possibly simple tax questions

i was going to have a company do my taxes here, but it seems to cost an arm and leg...


they want to charge me about 9000 HKD for:
NJ filing
MA filing
USA Federal filing
HK filing

this seems like a lot to me.....

i know how to do most of them.....just dont know the HK one...is that one tough?



also....if i still have bills and and bank accounts in USA....am i still able to qualify for the 80K exemption for overseas?
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Old 17-12-2005, 11:30 PM
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The Hong Kong one is simple. Takes 15 minutes or so.

As for the 80k, you really need to do some professional research on this one. There are a number of restrictions (time, etc) before you can claim it.

If you are going to hire someone, you may look at a US company that specializes in expats--the HK portion you can easily do yourself.
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Old 19-12-2005, 05:31 PM
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i heard its a simple 1080x form...i havent looked at it yet...maybe i should view the pdf first...hmmm
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Old 09-01-2006, 07:58 AM
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what do i need to prove my residency here in HK to be exempt from USA taxes?
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Old 09-01-2006, 09:14 AM
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The IRS has what appears to be an extremely detailed and comprehensive website. Doesn't that give you the answer? Possibly these sections:

http://www.irs.gov/taxtopics/tc855.html
http://www.irs.gov/publications/p54/ch04.html#d0e2530

and you appear to need to complete this form:
http://www.irs.gov/pub/irs-pdf/f2555.pdf
in order for them to determine whether you are entitled to any exemptions.

Last edited by PDLM : 09-01-2006 at 09:16 AM.
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Old 09-01-2006, 11:21 AM
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its also very confusing there.....lol

i just wanted to try to do this on my own.....but i want to look to see how difficult it is for me to prove my worthiness
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Old 09-01-2006, 11:23 AM
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well...i know the qualifications...

but i am looking more for people who have done this before, what they needed to actually prove this

like just a copy of passport showing theyve been in hk?
or a copy of res id?

i ask cause my apartment is in companies name...not mine
so i dont think i can use this as proof...and just worried about what i can use as proof
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Old 09-01-2006, 01:40 PM
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the US charges world tax, i dont think you can avoid it. sucks to be american eh?
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Old 10-01-2006, 10:34 AM
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Quote:
Originally Posted by hughb2000
the US charges world tax, i dont think you can avoid it. sucks to be american eh?

huh?


you get exempt up to 80K for foreign earned income
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Old 15-01-2006, 05:33 PM
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I have never filed taxes myself. But would like to learn a few things, since my husband is now working in Hk and is a citizen of US. First of all, when are the tax forms due, in HK? Secondly, what are the things that an expat needs to be careful about?

Appreciate your responses...
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