4 ms·
> $400 per year in time and money to file a tax return That number seems pretty high unless you have very complicated income (in which case you likely have a l
by penagwin 7y ago
> $400 per year in time and money to file a tax return
That number seems pretty high unless you have very complicated income (in which case you likely have a lot of money too)
Also worth mentioning is that Foreign Income is taxed differently, so while you technically still have to pay taxes, I believe for most people who work mostly in a foreign country don't have to pay very much.
- davidw 7y ago> complicated Yes, like, say, having an accountant that can read and understand your taxes where you live in Italy and then use that information to file US taxes. And of course they'll need to understand the tax treaty between the two countries so you don't end up paying extra. Of course it's complicated and a huge pain in the ass! And that's with a relatively normal, stable, well-established country with a lot of US citizens living in it. I should add: $400 is also a bigger deal when you live somewhere and don't earn as much as a software developer in the US.
- acollins1331 7y agoYou do know you can file your own taxes for free (or very little $) online if you can read?
- penagwin 7y agoIf you're a resident of the US with not too complicated income then this is true. Working in a different country means you need to know _their_ tax laws, how much you need to pay the US, etc. It becomes complicated quickly, and if you're trying to minimize what you pay in taxes it's another story altogether.