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Get your taxes done using TurboTax
Thank you very much for your information. I have a few more follow up questions:
1, I suppose I need to obtain the statement showing the payment of this bonus and then file an estimated tax payment. How would that work specifically, especially as this wouldn't be reporting more or less regular income but a one-off bonus?
2. Since of course the exchange rate varies all the time which one would I use? Would it be the exchange rate in effect on the date of the payment?
3. From my research I thought that I would be able to get some sort of break on the taxes paid in Colombia on this bonus. Would I at least get a deduction if not a credit? Thank about the information about the contributions, at least I can deduct those.
Thanks again for your help on this.