Taxes in the US

[Viper_Larry]

Seems like everyone here is talking about completing their tax returns and getting refunds at the moment. I've been in the US 7 months now on full PAYE (or it's equivalent here) and have no idea if I am supposed to fill in a return or how I would do this? Should I be sent a form or something? I'm inclined to think I've not been in the US long enough yet or for a complete tax year to warrnat filing.

Anyone have any advice?

EDIT: Seems like the IRS website sayd I need to file, so I will contact a local tax office.

Edited by Viper_Larry on Wednesday 12th March 20:26

[Viper_Larry]

Eh? What has my earnings in th UK got to do with paying taxes in the US? Surely it's just based on what I earnt in 2013 in the US? This isn't sounding good...

I'm only earning in the US now, no foreign earnings, but I do still have a house and bank accounts in the UK.

[Viper_Larry]

dvs_dave said:

Essentially if you have foreign financial accounts with a total worth of over USD10,000 you have to declare it. Less than that there is no need to declare.

The only thing I have over that amount is Premium Bonds - does that count? Going to see a Financial Advisor next Tuesday.

[Viper_Larry]

Damn it, it's all so complicated! Yes, the value of Premium Bonds is way over $10k...

[Viper_Larry]

jez30 said:

What happened with you Viper_Larry?

I did what I shouldn't do - stuck my head in the sand and tried to ignore it! I still have the Premium Bonds, still have a house in the UK which I rent out and still have a UK bank account so I have left 'as is'. Like you, if I win big, I'll be back on a plane to get it! All correspondance is electronic so any winnings go straight to my account. I understand if I won big, I might have to pay US taxes, but I'm really not sure.

[Viper_Larry]

I should explain - I DID declare the value of the Premium Bonds on my FBAR filing for 2013 that I did last year. I just haven't told NS&I that I am no longer in the country.