A US citizen is obliged to file a US income tax return regardless of the duration of any absence from the US. :ermm:
Does anyone know of an accountant in the DR who is familiar with US tax law and can assist in filing a return?
Most people who leave their home country, such as the UK for example, cease to be taxable on their worldwide income in that country after a certain period of absence. However, the US system requires its citizens to continue to file returns reporting worldwide income, regardless of the length of time that they reside elsewhere.
Although taxpayers may obtain a two month extension to file a return, any outstanding tax payable for 2003 must be paid to the IRS before the required deadline. Failure to meet this oblgation will result in the application of interest and penalties to overdue taxes.
International taxation becomes very complicated for US citizens living and working abroad. Professional advice should be sought in order to ensure that filing penalties are avoided and claims for reliefs from double taxation are made on a timely basis. Hence, my question.
Does anyone know of an accountant in the DR who is familiar with US tax law and can assist in filing a return?
Most people who leave their home country, such as the UK for example, cease to be taxable on their worldwide income in that country after a certain period of absence. However, the US system requires its citizens to continue to file returns reporting worldwide income, regardless of the length of time that they reside elsewhere.
Although taxpayers may obtain a two month extension to file a return, any outstanding tax payable for 2003 must be paid to the IRS before the required deadline. Failure to meet this oblgation will result in the application of interest and penalties to overdue taxes.
International taxation becomes very complicated for US citizens living and working abroad. Professional advice should be sought in order to ensure that filing penalties are avoided and claims for reliefs from double taxation are made on a timely basis. Hence, my question.